, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

to weather, seasonality, and supply disruptions strengthen the price relationship between these two commodities. When the …

drilling (i.e. investment) for natural gas production, natural gas withdrawals, economic activity and natural gas prices in the … source of the price change. Specifically, I find that the reaction of drilling is significantly stronger after an economic … activity shock than after a gas demand shock (e.g. due to oil price fluctuations). In addition, it is shown that demand …

policy promoting energy efficiency, increasing investments in natural gas production and bringing the natural gas price on …The present paper studies the effect of an upward correction of the natural gas price on the Russian domestic market … liberalize the regulated domestic market price and decrease subsidies for natural gas products. This is claimed to fit in a …