Search Publications

49 results, from 21
Diskussionspapiere 822 / 2008

Linking Natural Gas Markets: Is LNG Doing Its Job?

The increase in liquefied natural gas trade has accelerated the integration of previously segmented markets in North America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test the theoretical proposition that in integrating markets commodity prices should move closer than before. Using 2,059 pairs of daily spot prices for natural gas ...

2008| Anne Neumann
Diskussionspapiere 821 / 2008

Theory of Storage: An Empirical Assessment of the European Natural Gas Market

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 tests absent the scarcity of European inventory data. We find that operators of storage facilities realize ...

2008| Marcus Stronzik, Margarethe Rammerstorfer, Anne Neumann
Diskussionspapiere 552 / 2006

Long-Term Contracts and Asset Specificity Revisited: An Empirical Analysis of Producer-Importer Relations in the Natural Gas Industry

In this paper, we analyze structural changes in long-term contracts in the international trade of natural gas. Using a unique data set of 262 long-term contracts between natural gas producers and importers, we estimate the impact of different institutional, structural and technical variables on the duration of contracts. We find that contract duration decreases as the market structure of the industry ...

2006| Anne Neumann, Christian von Hirschhausen
Diskussionspapiere 393 / 2003

International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen likelihood-based procedures. Both of them show a high level of integration within the European/Japanese and North ...

2003| Guillaume L¿Hégaret, Boriss Siliverstovs, Anne Neumann, Christian von Hirschhausen
Data Documentation 77 / 2015

Long-Term Contracts in the Natural Gas Industry: Literature Survey and Data on 426 Contracts (1965-2014)

Long-term contracts are an important element of all economic activity and, thus, critical for understanding modern economic structures. The natural gas industry provides particular insights into the functioning and dynamics of long-term contracts and industry structures, in a sector that is globally important. This Data Documentation provides a survey of the literature on long-term contracts in the ...

2015| Anne Neumann, Sophia Rüster, Christian von Hirschhausen
Externe referierte Aufsätze

The Challenges of Spatial and Temporal Aggregation: Modelling Issues, Applications, and Policy Implications: Editorial

In: Utilities Policy 62 (2020) 100993, 4 S. | Franziska Holz, Charikleia Karakostas, Anne Neumann
Externe referierte Aufsätze

Estimating Alternative Technology Sets in Nonparametric Efficiency Analysis: Restriction Tests for Panel and Clustered Data

Nonparametric efficiency analysis has become a widely applied technique to support industrial benchmarking as well as a variety of incentive-based regulation policies. In practice such exercises are often plagued by incomplete knowledge about the correct specifications of inputs and outputs. Simar and Wilson (Commun Stat Simul Comput 30(1):159–184, 2001) and Schubert and Simar (J Prod Anal 36(1):55–69, ...

In: Journal of Productivity Analysis 45 (2016), 1, S. 35-51 | Anne Neumann, Maria Nieswand, Torben Schubert
Externe referierte Aufsätze

Stationary Changes in Long-Run Energy Commodity Prices

Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being ...

In: Energy Economics 59 (2016), S. 96-103 | Aleksandar Zaklan, Jan Abrell, Anne Neumann
Externe referierte Aufsätze

Natural Gas: An Overview of a Lower-Carbon Transformation Fuel

This article provides an overview of the natural gas industry, which we view as a bridge fuel toward a lower-carbon energy system in many countries and regions around the world. Based on a review of the literature, an econometric analysis of natural gas prices and contracts, and the authors’ experience with the natural gas industry, this introductory article to the symposium on the Prospects for Natural ...

In: Review of Environmental Economics and Policy 9 (2015), Iss. 1, 64-84 | Anne Neumann, Christian von Hirschhausen
Externe referierte Aufsätze

Removing Cross-Border Capacity Bottlenecks in the European Natural Gas Market: A Proposed Merchant-Regulatory Mechanism

We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure based on a price cap over two-part tariffs. As suggested by Vogelsang (J Regul Econ 20:141–165, 2001) and Hogan et al. (J Regul Econ38:113–143, 2010), a profit maximizing network operator facing this regulatory constraint will intertemporally rebalance the variable and fixed part of its ...

In: Networks and Spatial Economics 15 (2015), 1, 149-181 | Anne Neumann, Juan Rosellón, Hannes Weigt
49 results, from 21