Browsing Working Papers by Author "Hirschhausen, Christian von"
Now showing items 1-4 of 4
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First evidence of asymmetric cost pass-through of Eu emissions allowances : examining wholesale electricity prices in Germany
Zachmann, Georg; Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2007)This paper applies the literature on asymmetric price transmission to the emerging commodity market for EU emissions allowances (EUA). We utilize an error correction model and an autoregressive distributed lag model to ... -
Infrastructure investments and resource adequacy in the restructured US natural gas market : is supply security at risk?
Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2006)The objective of this paper is to analyze the development of US natural gas infrastructure over the last two decades and to discuss its perspectives. In particular, we focus on the relationship between the regulatory ... -
International market integration for natural gas? : a cointegration analysis of priced in Europe, North America and Japan
L'Hegaret, Guillaume; Siliverstovs, Boriss; Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2004)We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990₂s and 2002. Our hypothesis is that there was a certain split of prices between Europe and North America. The ... -
Long-term contracts and asset specificity revisited : an empirical analysis of producer-importer relations in the natural gas industry
Neumann, Anne; Hirschhausen, Christian von (MIT Center for Energy and Environmental Policy Research, 2006)In this paper, we analyze structural changes in long-term contracts in the international trade of natural gas. Using a unique data set of 262 long-term contracts between natural gas producers and importers, we estimate the ...