We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...

Erdgasspeicher nehmen eine zunehmend bedeutendere Rolle ein, da sie als Flexibilitätsinstrumentzum saisonalen Ausgleich von Angebot und Nachfrage sowie zur kurzfristigenArbitrage maßgeblich zur Wettbewerblichkeit im Erdgasmarkt beitragen können.Ziel der Studie ist es, ein Monitoringtool zu...

We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...

In 2007, Germany changed network access regulation in the natural gas sector and introduced a so-called entry-exit system. The re-regulation's spot market effects remain to be examined. We use cointegration analysis and a state space model with time-varying coefficients to study the development...

We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...