Price Convergence and Information Efficiency in German Natural Gas Markets
نویسندگان
چکیده
منابع مشابه
Price Convergence and Information Efficiency in German Natural Gas Markets
In 2007, Germany changed network access regulation in the natural gas sector and introduced a so-called entry–exit system. The spot market effects of the reregulation remain to be examined. We use cointegration analysis and a state space model with time-varying coefficients to study the development of natural gas spot prices in the two major trading hubs in Germany and the interlinked spot mark...
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ژورنال
عنوان ژورنال: German Economic Review
سال: 2015
ISSN: 1468-0475,1465-6485
DOI: 10.1111/geer.12034