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In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
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In a competitive market situation, a symmetric price transmission is expected, and the speed of adjustment of the … price asymmetry in Brazil used only aggregated database, which likely suffers by summation bias. In a hypothetical city with … has information as purchase and selling price for gasoline, name of gas stations, brand and complete address. This …
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Natural gas plays an important role in Europe. It is a bridging technology for the transition of the electricity system and has also a significant potential to reduce CO2 emission in the mobility and heating sectors. Nevertheless, Europe is strongly dependent on imports of natural gas. While it...
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