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Other refereed essays
In this paper, we discuss the relationship between infrastructure regulation and investment in light of the emerging "security of supply" debate. We approach the subjectby surveying the literature of the past two decades, especially examining the interactions among restructuring, regulation, and investment. The empirical section of this paper relies on case studies of the relationship between the regulatory ...
In:
Utilities Policy
16 (2008), 1, S. 1-10
| Christian von Hirschhausen
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Weekly Report 1 / 2008
Russian energy production has increased substantially in recent years, with production of natural gas now actually exceeding the levels reached in the early 1990s. The growth in energy production has gone hand in hand with a rise in Russian energy exports. The European Union is an extremely important sales area for Russia. Vice versa, energy deliveries from Russia account for a very sizable share of ...
2008| Hella Engerer, Claudia Kemfert
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Refereed essays Web of Science
This paper presents a model of the European natural gas supply, GASMOD, which is structured as a two-stage-game of successive natural gas exports to Europe (upstream market) and wholesale trade within Europe (downstream market) and which explicitly includes infrastructure capacities. We compare three possible market scenarios: Cournot competition in both markets, perfect competition in both markets, ...
In:
Energy Economics
30 (2008), 3, S. 766-788
| Franziska Holz, Christian von Hirschhausen, Claudia Kemfert
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Other refereed essays
In:
International Journal of Environmental Technology and Management
9 (2008), 2/3, S. 176-202
| Corinna Fischer, Barbara Praetorius
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Nicht-referierte Aufsätze
In:
European Energy Review
1 (2008), 4, S. 19
| Claudia Kemfert
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Nicht-referierte Aufsätze
In:
Journal of Nordregio
8 (2008), 2, S. 26-27
| Claudia Kemfert
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Refereed essays Web of Science
In this paper, we present a detailed and comprehensive complementarity model for computing market equilibrium values in the European natural gas system. Market players include producers and their marketing arms which we call "traders", pipeline and storage operators, marketers, LNG liquefiers, regasifiers, tankers, and three end-use consumption sectors. The economic behavior of producers, traders, ...
In:
Energy Policy
36 (2008), 7, S. 2385-2414
| Ruud Egging, Steven A. Gabriel, Franziska Holz, Jifang Zhuang
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Diskussionspapiere 821 / 2008
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
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Diskussionspapiere 822 / 2008
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
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Diskussionspapiere 818 / 2008
With its resource availability and the prospect of climate friendly technology, coal continues to play an important role in the global energy sector. We develop a complementarity model of the international market for steam coal. We want to analyze the level of competition in this market which is strategic for the importers' security of energy supply. In a spatial equilibrium framework, we assume the ...
2008| Clemens Haftendorn, Franziska Holz