Price convergence in natural gas markets: City-gate and residential prices

Energy Journal

Volumn 30, Issue 3, 2009, Pages 129-154

  Arano, Kathleen ^a   Velikova, Marieta ^b  

^a FORT HAYS STATE UNIVERSITY   (United States)

^b BELMONT UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77749302228     PISSN: 01956574     EISSN: None     Source Type: Trade Journal    
DOI: 10.5547/ISSN0195-6574-EJ-Vol30-No3-7     Document Type: Article

References (26)

1. Adelman, M.A. (1962)."The price-supply relationship." Journal of Industrial Economics, Supplement to Supply and Price of Natural Gas 10: 55-65.
2. Arano, K., B. Blair (2008)."An ex-post welfare analysis of natural gas regulation in the industrial sector." Energy Economics 30: 789-806.
3. Asche, F., P. Osmundsen and R. Tveteras (2001)."Market integration for natural gas in Europe." International Journal of Global Energy Issues 16: 300-312.
4. Callen, J.L. (1978)."Production, efficiency, and welfare in the natural gas transmission industry." American Economic Review 68: 311-323.
5. Costello, K.W. and D. Duann (1997)."Turning up the heat in the natural gas industry." Regulation 19: 1-10.
6. Cuddington, J.T. and Z. Wang (2006)."Assessing the degree of spot market integration for U.S. natural gas: evidence from daily price data." Journal of Regulatory Economics 29: 195 210.
7. De Vany, A. and D. Walls (1993)."Pipeline access and market integration in the natural gas industry: evidence from co-integration tests." The Energy Journal 14: 1-19.
8. Dickey, D.A. and W.A. Fuller (1979)."Distribution of the estimators of autoregressive time series with a unit root." Journal of the American Statistical Association 74: 427-431.
9. Doane, M.J. and D.F. Spulber (1994),"Open access and the evolution of the United States spot market for natural gas." Journal of Law and Economics 37: 477-517.
10. Enders, W. (2004). Applied Econometric Time Series. USA: Wiley.
11. Energy Information Administration. Natural Gas. Accessed at http://www.eia.doe.gov/oil-gas/natural-gas/info-glance/natural-gas.html.
12. Engle, R.F. and C.W.J. Granger (1987)."Co-integration and error correction: representation, estimation and testing." Econometrica 55: 251-276.
13. Gorak, Thomas C., and Dennis J. Ray (1995)."Efficiency and equity in the transition to a new natural gas market." Land Economics 71: 368-385
14. Greene, W. (2000). Econometric Analysis. Upper Saddle River, New Jersey: Prentice-Hall.
15. Johansen, S. (1988)."Statistical Analysis of Cointegration Vectors." Journal of Economic Dynamics and Control 12: 231-254.
16. Kennedy, P. (1998). A Guide to Econometrics, 4th edition. Cambridge, Massachusetts: The MIT Press.
17. King, M. and C. Milan (1996)."Price convergence in north american natural gas spot markets." The Energy Journal 17: 17-26.
18. Leitzinger, J. and M. Collette (2002)."A retrospective look at the wholesale gas: industry restructuring." Journal of Regulatory Economics 21: 79-101.
19. Neumann, A., B. Siliverstovs and C. Von Hirschhausen (2006) "Convergence of European spot market prices for natural gas? A real-time analysis of market integration using the Kalman Filter." Applied Economics Letters 13: 727-732.
20. Park, H., J.W. Mjelde and D.A. Bessler (2008)"Price interactions and discovery among natural gas spot markets" Energy Policy 36: 290-312.
21. Paul, J.R., D. Mijkovic, and V. Ipe (2001)"Market integration in US gasoline markets" Applied Economics 33: 1335-1340.
22. Robinson, T. (2007)."Have European gas prices converged?" Energy Policy 35: 2347-2351.
23. Salmans, S.G (2006)."Forecasting natural gas prices using cointegration technique" Organization of the Petroleum Exporting Countries, OPEC Review.
24. Siliverstovs, B., G. L'Hegaret, A. Neumann, and C. Von Hirschhausen, (2005)."International market integration for natural gas? A cointegration analysis of prices in Europe, North America and Japan." Energy Economics 27: 603-615.
25. Tobin, J. (2003). Natural gas market centers and hubs: a 2003 update, Energy Information Administration Special Report: 1-13.
26. Walls, D. (1994)."Price convergence across natural gas fields and city markets." The Energy Journal 15: 37-46.