Effects of the structural change on transaction costs between North America natural gas spot markets Academic Article uri icon

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.

author list (cited authors)

  • Duangnate, K., & Mjelde, J. W.

citation count

  • 1

publication date

  • February 2017