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Market Power Rents and Climate Change Mitigation: A Rationale for Coal Taxes?

Richter, Philipp M.; Mendelevitch, Roman; Jotzo, Frank - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...

Persistent link: https://www.econbiz.de/10011265687

Two Price Zones for the German Electricity Market: Market Implications and Distributional Effects

Egerer, Jonas; Weibezahn, Jens; Hermann, Hauke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

We discuss the implications of two price zones, i.e. one northern and southern bidding area, on the German electricity market. In the northern zone, continuous capacity additions with low variable costs cause large regional supply surpluses in the market dispatch while conventional capacity...

Persistent link: https://www.econbiz.de/10011168911

All Quiet on the Eastern Front?: Disruption Scenarios of Russian Natural Gas Supply to Europe

Richter, Philipp M.; Holz, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

The Russian-Ukrainian crisis has revitalized the European concerns of supply disruptions of natural gas as experienced in 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed since: imports aremore diversified, EU member states better connected and a...

Persistent link: https://www.econbiz.de/10011266590

Die Energiewirtschaft am Kaspischen Meer: enttäuschte Erwartungen - unsichere Perspektiven

Engerer, Hella; Hirschhausen, Christian von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 1998

The growing literature on the potential role of energy resources around the Caspian Sea is dominated by geoplitics … energy sector in the Caspian CIS-countries has not been turned into an upswing. This paper analyses four critical aspects of … the planned projects. Our result is that due to a combination of obstacles, an energy-induced economic boom in the area is …

Persistent link: https://www.econbiz.de/10009216252

Stationarity Changes in Long-Run Fossil Resource Prices: Evidence from Persistence Break Testing

Zaklan, Aleksandar; Abrell, Jan; Neumann, Anne - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

.S. prices of the non-renewable energy resources crude oil, natural gas and bituminous coal. Our main contribution is to allow … exogenous shocks have become dominant. Thus, our results are consequential for the treatment of energy resource prices in both …

Persistent link: https://www.econbiz.de/10009293729

A Model for the Global Crude Oil Market Using a Multi-Pool MCP Approach

Huppmann, Daniel; Holz, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

used in models of energy markets. With these two model approaches, we compute the equilibrium solutions for several market …

Persistent link: https://www.econbiz.de/10004963660

Environmental Damage and Price Taking Behaviour by Firms and Consumers

Houba, Harold; Kremers, Hans - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

Persistent link: https://www.econbiz.de/10004963777

The Effect of Market Power on Electricity Storage Utilization: The Case of Pumped Hydro Storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

renewable energy integration. Accordingly, economic regulation of existing and future storage capacities may be necessary …

Persistent link: https://www.econbiz.de/10008541303

International Market Integration for Natural Gas?: A Cointegration Analysis of Prices in Europe, North America and Japan

Guillaume L¿Hégaret; Siliverstovs, Boriss; Neumann, Anne - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen...

Persistent link: https://www.econbiz.de/10005068638

From Boom to Bust?: A Critical Look at US Shale Gas Projections

Richter, Philipp M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed. Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of...

Persistent link: https://www.econbiz.de/10010713918