Natural gas storages may be valuated by applying real options theory. However it is crucial, not to ignore that most evolving gas spot markets, like the German spot market, lack of liquidity. In this context, considering storage operators as price takers does not account for interdependencies of...

Die Bundesregierung hat am 8. November 2012 die Einführung einer Markttransparenzstelle für Kraftstoffe beschlossen. Diese wurde im Herbst/Winter des Jahres 2013 vom Bundeskartellamt eingerichtet. Zahlreiche Beschwerden über nicht nachvollziehbare Preissetzungen und Oligopol- macht der...

We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...

Natural gas storages may be valuated by applying real options theory. However it is crucial, not to ignore that most evolving gas spot markets, like the German spot market, lack of liquidity. In this context, considering storage operators as price takers does not account for interdependencies of...