Effects of the structural change on transaction costs between North America natural gas spot markets

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.

authors

• Mjelde, James

published proceedings

• APPLIED ECONOMICS

author list (cited authors)

• Duangnate, K., & Mjelde, J. W.

citation count

• 2

complete list of authors

• Duangnate, Kannika||Mjelde, James W

publication date

• February 2017

publisher

• Taylor & Francis  Publisher

published in

• Applied Economics  Journal

keywords

• Natural Gas
• Structural Changes
• Threshold Cointegration
• Transaction Costs

Digital Object Identifier (DOI)

• 10.1080/00036846.2016.1203065

start page

• 650

end page

• 663

volume

• 49

issue

• 7

URL

• http%3A%2F%2Fdx.doi.org%2F10.1080%2F00036846.2016.1203065