Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57827 
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dc.contributor.authorBöckers, Veiten
dc.contributor.authorHeimeshoff, Ulrichen
dc.date.accessioned2012-05-07-
dc.date.accessioned2012-05-09T11:40:22Z-
dc.date.available2012-05-09T11:40:22Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86304-049-9en
dc.identifier.urihttp://hdl.handle.net/10419/57827-
dc.description.abstractThis paper analyzes the convergence process of Central-West European wholesale electricity markets from 2004 to the beginning of 2011. Jevon's law of price indifference is scrutinized using price correlation, parametric and nonparametric tests of price-differences and cointegration analysis. As a unique identifaction strategy national bank holidays are used as exogenous system shocks to trace the degree of market integration before the advent of the so-called market coupling of European power markets. In order to avoid overestimation of the degree of market integration, we specifically control for seasonal effects and common input factors. While the overall degree of integration between Germany and its neighbours has increased in the course of time, results suggest that only Austria and Germany already constitute a joint price area and that market coupling increases the convergence of markets at least between its participants.en
dc.language.isoengen
dc.publisher|aHeinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE) |cDüsseldorfen
dc.relation.ispartofseries|aDICE Discussion Paper |x50en
dc.subject.jelC32en
dc.subject.jelL1en
dc.subject.jelL40en
dc.subject.jelL94en
dc.subject.jelQ40en
dc.subject.ddc330en
dc.subject.keywordMarket Structureen
dc.subject.keywordSpatial Market Delineationen
dc.subject.keywordTime Series Econometricsen
dc.subject.keywordEnergy Data, Electricityen
dc.subject.keywordEuropeen
dc.titleThe extent of European power markets-
dc.typeWorking Paperen
dc.identifier.ppn715314424en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:dicedp:50en

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