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The gas price shock has been a major contributor to inflation in Germany. In this context, Dullien and Weber (2022a, b …, c) proposed a two-tier pricing scheme for natural gas in the spring of 2022 that lowers the price for a base quota … dampen the effects of the gas price shock and initiated the so-called "gas price brake" that implements such a two …
Persistent link: https://www.econbiz.de/10014334675
changes in the way the gas chain operates, with the appearance of new markets, new price mechanisms and new intermediaries …
Persistent link: https://www.econbiz.de/10011506643
Persistent link: https://www.econbiz.de/10014334678
induce price increases in gas importing countries up to 22%. There is evidence that the natural gas markets in Europe and … gas exporting countries supplies is further illustrated by the results of a sensitivity case in which price levels are up …
Persistent link: https://www.econbiz.de/10010274286
We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord Pool. There is no evidence of blatant and systematic exploitation of system level market power on Nord Pool. However, generation companies seem from time to time able to take...
Persistent link: https://www.econbiz.de/10010320387
internationalen Märkten für Düngemittel vor. Der Fokus auf Russland begründet sich darin, dass das Land beim Einsturz des Kali …-Kartells stark im Rampenlicht stand. Bei zwei der drei exportierten Düngemittelgüter hat Russland einen sehr großen Anteil an den … international fertiliser markets. It focuses on Russia because the country was very much in the spotlight when the potash cartel …
Persistent link: https://www.econbiz.de/10011629927
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We analyze the relation between European natural gas storage facilities and price patterns at major trading points …
Persistent link: https://www.econbiz.de/10010265029
Germany and Russia. The additional leverage obtained through South Stream, in contrast, appears small. The third project …, Nabucco, aims at diversifying Europe's gas imports by accessing producers in Middle East and Central Asia. It curtails Russia …
Persistent link: https://www.econbiz.de/10010500225
Building on a model of the interaction of risk-averse frms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...
Persistent link: https://www.econbiz.de/10010325991