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dc.contributor.authorBrekke, Kjell Arneen_US
dc.contributor.authorGolombek, Rolfen_US
dc.contributor.authorKittelsen, Sverre A.en_US
dc.date.accessioned2012-09-20T13:10:48Z-
dc.date.available2012-09-20T13:10:48Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/62968-
dc.description.abstractThe European Union has introduced directives that aim to liberalize and integrate electricity and gas markets in Western Europe. While progress has been made, particularly in electricity markets, there have been setbacks: for example, because of concerns about national interests and security of supply. Thus it is possible that only part of the energy industry in Western Europe will be liberalized. We use a numerical model to assess what types of liberalization – electricity vs. natural gas; domestic markets vs. international trade – are most influential in decreasing prices and increasing welfare in Western Europe. We find that a partial liberalization of electricity markets has greater quantity and welfare effects than a partial liberalization of gas markets, and that liberalizations of domestic energy markets have (overall) greater effects than liberalizations of trade in energy between Western European countries. Finally, the shortrun effects primarily parallel the long-run effects, though they are significantly smaller.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum, Department of Economics, University of Oslo 2008,01en_US
dc.subject.jelC15en_US
dc.subject.jelC68en_US
dc.subject.jelQ40en_US
dc.subject.jelQ48en_US
dc.subject.ddc330en_US
dc.subject.keywordenergy marketsen_US
dc.subject.keywordliberalizationen_US
dc.subject.keywordprice discriminationen_US
dc.subject.keywordresource renten_US
dc.subject.stwEnergiemarkten_US
dc.subject.stwElektrizitäten_US
dc.subject.stwErdgasmarkten_US
dc.subject.stwDeregulierungen_US
dc.subject.stwPreisdifferenzierungen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwEU-Staatenen_US
dc.titleIs electricity more important than natural gas? Partial liberalization of the Western European energy marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn559042418en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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