The Experts below are selected from a list of 18045 Experts worldwide ranked by ideXlab platform
Bruce Mizrach - One of the best experts on this subject based on the ideXlab platform.
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integration of the global carbon markets
Energy Economics, 2012Co-Authors: Bruce MizrachAbstract:This paper analyzes the market architecture and common factors of emission reduction instruments in Europe and North America. Spot and futures Prices across exchanges in Europe are cointegrated, but the futures curve beyond the calendar year evolves independently. Despite narrower spreads, political uncertainties about the Clean Development Mechanism have kept EUA and CER Prices from converging. RGGI allowances share a common trend with EUA, and the European markets adjust to the U.S. Price trend. A $0:10 shock to RGGI Prices leads to a one-month $0:64 cumulative increase in EUA Prices. The introduction of cap and trade legislation in the U.S. has broken a cointegrating relationship in voluntary Prices. Voluntary instruments that are convertible into mandatory allowances imply less than a 20% probability of Price Convergence between the U.S. and Europe by 2013.
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integration of the global carbon markets
Energy Economics, 2012Co-Authors: Bruce MizrachAbstract:This paper analyzes the market architecture and common factors of emission reduction instruments in Europe and North America. Spot and futures Prices across exchanges in Europe are cointegrated, but the futures curve beyond the calendar year evolves independently. Despite narrower spreads, political uncertainties about the Clean Development Mechanism have kept EUA and CER Prices from converging. RGGI allowances share a common trend with EUA, and the European markets adjust to the U.S. Price trend. A $0:10 shock to RGGI Prices leads to a one-month $0:64 cumulative increase in EUA Prices. The introduction of cap and trade legislation in the U.S. has broken a cointegrating relationship in voluntary Prices. Voluntary instruments that are convertible into mandatory allowances imply less than a 20% probability of Price Convergence between the U.S. and Europe by 2013.
Svante Larsson - One of the best experts on this subject based on the ideXlab platform.
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the swedish wage rental ratio and its determinants 1877 1926
Australian Economic History Review, 2007Co-Authors: Jan Bohlin, Svante LarssonAbstract:Trends in wage–rental ratios figure prominently in the recent literature on factor Price Convergence and globalisation in the late nineteenth century. Sweden has been described as a free-trade country whose wage–rental ratio exhibited a distinctive upward trend before World War I. This article presents a new land Price series that indicates an increase in land rentals and an evolution of the wage–rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage–rental ratio and assess the relative importance of protectionism and changes in Swedish farming’s product mix from crop to animal products.
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protectionism agricultural Prices and relative factor incomes sweden s wage rental ratio 1877 1926
2006Co-Authors: Svante Larsson, Jan BohlinAbstract:Trends in wage-rental ratios have figured prominently in the recent literature on factor Price Convergence and globalisation in the late nineteenth century. In that literature Sweden has been described as a free trade country whose wage-rental ratio exhibited a distinguished upward trend before World War I. This article presents a new series of land Prices which indicates an increase in land rentals and an evolution of the wage-rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage-rental ratio and assess the relative importance of protectionism and the change in the product mix from arable to animal products in Swedish agriculture. JEL: F20, N13, N53, O47
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protectionism agricultural Prices and relative factor incomes sweden s wage rental ratio 1877 1926
Göteborg Papers in Economic History, 2006Co-Authors: Jan Bohlin, Svante LarssonAbstract:Trends in wage-rental ratios have figured prominently in the recent literature on factor Price Convergence and globalisation in the late nineteenth century. In that literature Sweden has been described as a free trade country whose wage-rental ratio exhibited a distinguished upward trend before World War I. This article presents a new series of land Prices which indicates an increase in land rentals and an evolution of the wage-rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage-rental ratio and assess the relative importance of protectionism and the change in the product mix from arable to animal products in Swedish agriculture.
Jan Bohlin - One of the best experts on this subject based on the ideXlab platform.
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the swedish wage rental ratio and its determinants 1877 1926
Australian Economic History Review, 2007Co-Authors: Jan Bohlin, Svante LarssonAbstract:Trends in wage–rental ratios figure prominently in the recent literature on factor Price Convergence and globalisation in the late nineteenth century. Sweden has been described as a free-trade country whose wage–rental ratio exhibited a distinctive upward trend before World War I. This article presents a new land Price series that indicates an increase in land rentals and an evolution of the wage–rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage–rental ratio and assess the relative importance of protectionism and changes in Swedish farming’s product mix from crop to animal products.
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protectionism agricultural Prices and relative factor incomes sweden s wage rental ratio 1877 1926
2006Co-Authors: Svante Larsson, Jan BohlinAbstract:Trends in wage-rental ratios have figured prominently in the recent literature on factor Price Convergence and globalisation in the late nineteenth century. In that literature Sweden has been described as a free trade country whose wage-rental ratio exhibited a distinguished upward trend before World War I. This article presents a new series of land Prices which indicates an increase in land rentals and an evolution of the wage-rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage-rental ratio and assess the relative importance of protectionism and the change in the product mix from arable to animal products in Swedish agriculture. JEL: F20, N13, N53, O47
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protectionism agricultural Prices and relative factor incomes sweden s wage rental ratio 1877 1926
Göteborg Papers in Economic History, 2006Co-Authors: Jan Bohlin, Svante LarssonAbstract:Trends in wage-rental ratios have figured prominently in the recent literature on factor Price Convergence and globalisation in the late nineteenth century. In that literature Sweden has been described as a free trade country whose wage-rental ratio exhibited a distinguished upward trend before World War I. This article presents a new series of land Prices which indicates an increase in land rentals and an evolution of the wage-rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage-rental ratio and assess the relative importance of protectionism and the change in the product mix from arable to animal products in Swedish agriculture.
Eirik Lund Sagen - One of the best experts on this subject based on the ideXlab platform.
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the global natural gas market will transport cost reductions lead to lower Prices
The Energy Journal, 2009Co-Authors: Knut Einar Rosendahl, Eirik Lund SagenAbstract:Reduced transportation costs are usually associated with lower import Prices, increased trade and Price Convergence. In this paper we show that lower transport costs can actually lead to higher import Prices in some regions, and Price divergence between import regions. Using both a general theoretical approach and a numerical model of the global natural gas market, we demonstrate that the Price effect from transport cost reductions depend on the relative distances between regional markets, the choice of transport technology, and supply and demand responsiveness in the different markets. Our numerical results suggest that European consumers would generally be better off if pipeline costs are reduced, while North American consumers would be better off if LNG costs are reduced.
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the global natural gas market will transport cost reductions lead to lower Prices
Research Papers in Economics, 2007Co-Authors: Knut Einar Rosendahl, Eirik Lund SagenAbstract:Reduced transportation costs are usually associated with lower import Prices, increased trade and Price Convergence. In this paper we show that the lower costs can actually lead to higher import Prices in some regions, and Price divergence between import regions. Using both a general theoretical approach and a numerical model of the global natural gas market, we demonstrate that the Price effect from transport cost reductions depend on the relative distances between regional markets, the choice of transport technology, and supply and demand responsiveness in the different markets. Our numerical results suggest that European consumers would generally be better off if pipeline costs are reduced, while North American consumers would be better off if LNG costs are reduced.
Boriss Siliverstovs - One of the best experts on this subject based on the ideXlab platform.
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Convergence of european spot market Prices for natural gas a real time analysis of market integration using the kalman filter
Applied Economics Letters, 2006Co-Authors: Anne Neumann, Boriss SiliverstovsAbstract:This letter provides a textbook example of an econometric analysis of the integration between two commodity markets and the subsequent Price Convergence or absence thereof. Price relations between spot markets are analysed for natural gas in Europe. The European market for natural gas is currently undergoing a liberalization process with the aim of creating a single, unified market. Time-varying coefficient estimation models are used, applying the Kalman filter to test whether Price Convergence between different locations is really taking place. The results reveal that the construction of a pipeline between the UK and Zeebrugge (Belgium) has led to almost perfect Price Convergence between these locations in the time period under consideration; on the other hand, liberalization on the European continent does not seem to be working so far.
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Convergence of european spot market Prices for natural gas a real time analysis of market integration using the kalman filter
Research Papers in Economics, 2005Co-Authors: Anne Neumann, Boriss SiliverstovsAbstract:This paper provides a textbook example of integration between commodity markets, and the subsequent Price Convergence or absence thereof. We analyze Price relations between spot markets for natural gas in Europe. We apply time-varying coefficient estimation applying the Kalman filter, to test whether Price Convergence between different locations is really taking place. Our results reveal that the construction of a pipeline between the UK and Zeebrugge (Belgium) has led to almost perfect Price Convergence between these locations; on the other hand, liberalization on the continent does not seem to be working yet.
