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Vertical Market Power in Interconnected Natural Gas and Electricity Markets

Marks, Levi - 2017

New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region's wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...

Persistent link: https://www.econbiz.de/10012943388

Jump Processes in Natural Gas Markets

Mason, Charles F. - 2014

Natural gas is likely to become increasingly important in the future. Understanding the stochastic underpinnings of natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the potential presence of jumps in natural gas spot prices in...

Persistent link: https://www.econbiz.de/10013058515

Modeling UK Natural Gas Prices When Gas Prices Periodically Decouple from the Oil Price

Asche, Frank - 2015

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...

Persistent link: https://www.econbiz.de/10013026625

Liberalizing Russian Gas Markets – An Economic Analysis

Aune, Finn Roar - 2017

subsidies, and how changes in Russian gas consumption may affect its gas export to Europe. We also examine the importance of … Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this … removing gas subsidies. More competitive Russian gas export behavior would lead to much higher gas export to Europe, but our …

Persistent link: https://www.econbiz.de/10012971536

Effects of the Endogenous Scope of Preferentialism on International Goods Trade

Egger, Peter H. - 2013

Previous empirical research has assumed that goods trade responds to goods trade preferentialism only, while other forms of preferentialism – such as services trade or investment preferentialism – are irrelevant for goods trade. This paper provides novel evidence for the gains from a broader...

Persistent link: https://www.econbiz.de/10013082621

The Impact of Trade Preferences on Multilateral Tariff Cuts : Evidence for Japan

Ketterer, Tobias - 2014

Opposing theoretical predictions on the effects of trade preferences on multilateral tariff cuts point to the need for empirical analysis to determine whether preferential trade agreements promote or hinder multilateral trade liberalization. This paper examines the impact of Japan's trade...

Persistent link: https://www.econbiz.de/10013053452

Politicized Trade : What Drives Withdrawal of Trade Preferences?

Gassebner, Martin - 2018

While it is well understood that industrialized countries use aid to grant political favors, little research covers alternative channels such as trade policy towards developing countries. We analyze eligibility investigations and revoking of U.S. Generalized System of Preferences (GSP) benefits...

Persistent link: https://www.econbiz.de/10012929478

The Customs Union Issue : Why Do We Observe so Few of Them?

Facchini, Giovanni - 2012

The number of preferential trade agreements has greatly increased over the past two decades, yet most existing bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model...

Persistent link: https://www.econbiz.de/10012755036

The Trade Effects of Endogenous Preferential Trade Agreements

Egger, Peter H.; Larch, Mario; Staub, Kevin E.; … - 2021

Recent work by Anderson and van Wincoop (2003) establishes an empirical modelling strategy which takes full account of the structural, non-(log-)linear impact of trade barriers on trade in new trade theory models. Structural new trade theory models have never been used to evaluate and quantify...

Persistent link: https://www.econbiz.de/10013316132

Going Deep : The Trade and Welfare Effects of TTIP

Aichele, Rahel - 2015

Since July 2013, the EU and the US have been negotiating a preferential trade agreement (PTA), the Transatlantic Trade and Investment Partnership (TTIP). We use a multi-country, multi-industry Ricardian trade model with national and international input-output linkages to quantify its potential...

Persistent link: https://www.econbiz.de/10013030303

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