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Title: Effects of the structural change on transaction costs between North America natural gas spot markets
Authors: Kannika Duangnate
James W. Mjelde
Authors: Kannika Duangnate
James W. Mjelde
Keywords: Economics, Econometrics and Finance
Issue Date: 7-Feb-2017
Abstract: © 2016 Informa UK Limited, trading as Taylor & Francis Group. 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.
ISSN: 14664283
Appears in Collections:CMUL: Journal Articles

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