Effects of the structural change on transaction costs between North America natural gas spot markets
APPLIED ECONOMICS(2017)
摘要
Threshold cointegration between market pairs before and after the potential structural break associated with the shale gas revolution is examined. Pairwise transaction costs differ between the pre- and post-break periods. During the post-break period, five of seven pairwise transaction costs decrease, while the remaining two pair-wise transaction costs increase relative to the pre-break period. Alterations in natural gas flows as the result of the shale gas revolution partially explain the changes in transaction costs.
更多查看译文
关键词
Threshold cointegration,transaction costs,natural gas,structural changes
AI 理解论文
溯源树
样例
生成溯源树,研究论文发展脉络