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581 results, from 481
  • Diskussionspapiere 845 / 2008

    Representing GASPEC with the World Gas Model

    This paper presents results of simulating a more collusive behavior of a group of natural gas producing and exporting countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production, trade, and consumption between 2005 and 2030. In particular, we simulate a closer cooperation of the GASPEC countries when exporting pipeline gas and liquefied ...

    2008| Ruud Egging, Franziska Holz, Christian von Hirschhausen, Steven A. Gabriel
  • Diskussionspapiere 844 / 2008

    Food Price Inflation and Children's Schooling

    I analyze the impact of food price inflation on parental decisions to send their children to school. Moreover, I use the fact that food crop farmers and cotton farmers were exposed differently to that shock to estimate the income elasticity of school enrolment. The results suggest that the shock-induced loss in purchasing power had an immediate effect on enrolment rates. Instrumental variable estimates ...

    2008| Michael Grimm
  • Refereed essays Web of Science

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

    This paper discusses long-term contracts as a particular organizational form situated somewhere between full vertical integration and short-term, market-based trading in the natural gas industry. We focus on the determinants of the duration of contracts under changing technical, economic, and institutional conditions. Using 311 long-term contracts we find that duration decreases as international market ...

    In: Review of Industrial Organization 32 (2008), 2, S. 131-143 | Christian von Hirschhausen, 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 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 818 / 2008

    Analysis of the World Market for Steam Coal Using a Complementarity Model

    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
  • Diskussionspapiere 823 / 2008

    Perspectives of the European Natural Gas Markets until 2025

    We apply the EMF 23 study design to simulate the effects of the reference case and the scenarios to European natural gas supplies to 2025. We use GASMOD, a strategic severallayer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European country (or region), and final demand. Our model results suggest rather modest changes in the overall supply situation ...

    2008| Franziska Holz, Christian von Hirschhausen, Claudia Kemfert
  • Weekly Report 10 / 2008

    Moving towards a "COAL-PEC"?

    Coal has for many years been considered as a resource of the past and as a result its importance has been underestimated. Yet coal still is the main pillar for generating electricity in most countries: A quarter of the worldwide primary energy consumption is provided by coal. While the world's largest coal producers, China, the USA and India, are at the same time the largest consumers of coal. Smaller ...

    2008| Clemens Haftendorn, Christian von Hirschhausen, Franziska Holz
  • Weekly Report 12 / 2008

    Causes and Consequences of Rising Food Prices

    Since mid 2007 there has been a dramatic rise in prices for basic foods such as internationally traded varieties of rice, corn and wheat. At the moment, it is rather impossible to estimate how far speculation in the commodity markets has contributed to this development. Irrespective of this, a long-term solution to present and future supply shortfalls, including investment in more efficient agro-technologies ...

    2008| Georg Erber, Martin Petrick, Vanessa von Schlippenbach
  • Diskussionspapiere 732 / 2007

    A Complementarity Model for the European Natural Gas Market

    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 "transmitters", pipeline and storage operators, marketers, LNG liquefiers, regasifiers, tankers, and three end-use consumption sectors. The economic behavior of producers, transmitters, ...

    2007| Ruud Egging, Steven A. Gabriel, Franziska Holz, Jifang Zhuang
581 results, from 481