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522 results, from 511
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
Weitere externe Aufsätze

The Environmental and Economic Effects of European Emissions Trading in Germany

In: Trade, Poverty, and the Environment : 8th Annual Conference on Global Economic Analysis ; June 9 - 11, 2005, Lübeck, Germany [CD-ROM]
West Lafayette (Ind.) : GTAP
| Claudia Kemfert, Michael Kohlhaas, Truong P. Truong, Artem Protsenko
Diskussionspapiere 423 / 2004

The Incentives for Takeover in Oligopoly

We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of .rms and of the insiders. share of total industry gains due to the increase in concentration. Our main application is to the linear Cournot and Bertrand models. A takeover is ...

2004| Roman Inderst, Christian Wey
Externe referierte Aufsätze

The Incentives for Takeover in Oligopoly

We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of firms and of the insiders' share of total industry gains due to the increase in concentration. Our main application is to the linear Cournot and Bertrand models. A takeover is ...

In: International Journal of Industrial Organization 22 (2004), 8-9, S. 1067-1089 | Roman Inderst, Christian Wey
Externe referierte Aufsätze

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

This paper investigates the degree of integration of natural gas markets in Europe, North America and Japan in the time period between the early 1990s and 2004. The relationship between international gas market prices and their relation to the oil price are explored through principal components analysis and Johansen likelihood-based cointegration procedure. Both of them show a high level of natural ...

In: Energy Economics 27 (2005), 4, S. 603-615 | Boriss Siliverstovs, Guillaume L'Hégaret, Anne Neumann, Christian von Hirschhausen
Externe referierte Aufsätze

The Environmental and Economic Effects of European Emissions Trading

In this article, we analyse the effects of emissions trading in Europe, with special reference to Germany. We look at the value of the flexibility gained by trading compared to fixed quotas. The analysis is undertaken with a modified version of the GTAP-E model using the latest GTAP version 6 database. It is based on the national allocation plans (NAP) as submitted to and approved by the EU. We find ...

In: Climate Policy 6 (2006), 4, S. 441-455 | Claudia Kemfert, Michael Kohlhaas, Truong P. Truong, Artem Protsenko
Externe Monographien

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

Cambridge, MA: CEEPR, 2004, 25 S.
(CEEPR Working Papers ; 2004-002)
| Guillaume L'Hégaret, Boriss Siliverstovs, Anne Neumann, Christian von Hirschhausen
Diskussionspapiere 533 / 2005

The Environmental and Economic Effects of European Emissions Trading

In 2005, the EU introduced an emissions trading system in order to pursue its Kyoto obligations. This instrument gives emitters the flexibility to undertake reduction measures in the most cost-efficient way and mobilizes market forces for the protection of the earth's climate. In this paper, we analyse the effects of emissions trading in Europe, with some special reference to the case of Germany. We ...

2005| Claudia Kemfert, Michael Kohlhaas, Truong P. Truong, Artem Protsenko
Externe referierte Aufsätze

Endogenous Production Capacity Investment in Natural Gas Market Equilibrium Models

The large-scale natural gas equilibrium model applied in Egging, 2013 combines long-term market equilibria and investments in infrastructure while accounting for market power by certain suppliers. Such models are widely used to simulate market outcomes given different scenarios of demand and supply development, environmental regulations and investment options in natural gas and other resource markets.. ...

In: European Journal of Operational Research 231 (2013), 2, S. 503-506 | Daniel Huppmann
Diskussionspapiere 1253 / 2012

Endogenous Investment Decisions in Natural Gas Equilibrium Models with Logarithmic Cost Functions

The liberalisation of the natural gas markets and the importance of natural gas as a transition fuel to a low-carbon economy have led to the development of several large-scale equilibrium models in the last decade. These models combine long-term market equilibria and investments in infrastructure while accounting for market power by certain suppliers. They are widely used to simulate market outcomes ...

2012| Daniel Huppmann
522 results, from 511
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