National Library of Energy BETA

Sample records for markets prices world

  1. World oil market outlook: recent history and forecasts of world oil prices

    SciTech Connect (OSTI)

    Not Available

    1981-08-01

    Recent world oil price trends and pricing behavior by the Organization of Petroleum Exporting Countries (OPEC) are examined. An outlook for consumption, production and prices in the world oil market, both for the short-term horizon through 1982 and for the midterm period from 1985 through 1995 is presented. A historical review focuses on OPEC activity in the period from January 1980 to May 1981. Several sensitivity analyses and the impact of supply disruptions are used to determine projections. The appendix provides data on world crude oil prices for each of 23 countries for January, May, and June of 1980 and May of 1981. 22 tables, 9 figures.

  2. Model of world energy markets and OPEC pricing

    SciTech Connect (OSTI)

    Choe, B.J.

    1984-01-01

    This paper presents an analysis of the world energy and petroleum markets, carried out by means of an econometric simulation model. The model accepts a certain pricing path for OPEC crude oil (a price seen as being chosen by OPEC mainly on the basis of its revenue implications) together with assumptions about GDP and population growth, and generates energy balance projections for seven world regions - three industrial country regions and four developing country groups. The demand side of the model consists of three end-use sectors (transportation, industrial and residential/commercial) and one energy transformation sector (thermal power generation). The model presently has an endogenous supply specification only for coal. The performance of the model in simulating the historical period of the 1970s was reasonably satisfactory. Simulation results under a range of assumptions about future economic growth and OPEC pricing portend that world demand for energy and petroleum is likely to remain at relatively low levels throughout the 1980s and the early 1990s. Past and expected petroleum price increases will provide a strong and sustained incentive to substitute away from energy and petroleum; enough to keep the demand for OPEC oil comfortably within OPEC's productive capacity through the early 1990s. Coal will play a key role as a substitute fuel for the next 20 years. About two-thirds of the projected incremental demand for primary energy between 1978 and the year 2000 is accounted for by developing countries. 87 references, 8 figures, 45 tables.

  3. Domestic petroleum-product prices around the world. Survey: free market or government price controls

    SciTech Connect (OSTI)

    Not Available

    1983-01-27

    In this issue, Energy Detente draws from their regular Western and Eastern Hemisphere Fuel Price/Tax Series, each produced monthly, and adds other survey data and analysis for a broad view of 48 countries around the world. They find that seven Latin American nations, including OPEC members Venezuela and Ecuador, are among the ten countries with lowest gasoline prices. In this Fourth Special Price Report, Energy Detente provides a first-time presentation of which prices are government-controlled, and which are free to respond to market forces. South Korea, with fixed prices since 1964, has the highest premium-grade gasoline price in our survey, US $5.38 per gallon. Paraguay, with prices fixed by PETROPAR, the national oil company, has the second highest premium gasoline price, US $4.21 per gallon. Nicaragua, also with government price controls, ranks third highest in the survey, with US $3.38 per gallon for premium gasoline. Kuwait shows the lowest price at US $0.55 per gallon. Several price changes from the previous survey reflect changes in currency exchange as all prices are converted to US dollars. The Energy Detente fuel price/tax series is presented for Western Hemisphere countries.

  4. The world price of coal

    E-Print Network [OSTI]

    Ellerman, A. Denny

    1994-01-01

    A significant increase in the seaborne trade for coal over the past twenty years has unified formerly separate coal markets into a world market in which prices move in tandem. Due to its large domestic market, the United ...

  5. World Oil: Market or Mayhem?

    E-Print Network [OSTI]

    Smith, James L.

    2008-01-01

    The world oil market is regarded by many as a puzzle. Why are oil prices so volatile? What is OPEC and what does OPEC do? Where are oil prices headed in the long run? Is “peak oil” a genuine concern? Why did oil prices ...

  6. World Bio Markets

    Broader source: Energy.gov [DOE]

    Held in Amsterdam, Netherlands, the 10th anniversary World Bio Markets convened from March 1– 4, 2015.

  7. Petroleum industry sensitivity and world oil market prices: The Nigerian example

    SciTech Connect (OSTI)

    Kalu, T.Ch.U. [Univ. of Ilorin (Nigeria)

    1995-12-31

    Most empirical studies have focused on the demand side of energy with little or no attention to the supply side. To deal with this defect, this paper adopts a microanalytic approach to the problem of the individual oil firms to provide a basis for determining the effects of changes in such macro-variables as prices on their operations. However, instead of the familiar econometric approach to energy studies, a goal programming approach is adopted. Using a multinational oil company as a case study, the effects of change in crude oil prices are examined. The results, among other things, support the hypersensitivity of oil companies to changes in economic cycles, the price inelasticity of demand for crude oil in the short run, and a time lag between price change and the time an oil company responds to it. The management and policy implications of the results are also discussed. 28 refs., 3 tabs.

  8. World Crude Oil Prices

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1 Table 1.10 Cooling Degree-Days by038.2

  9. Conservation Market Price Adder Wally Gibson

    E-Print Network [OSTI]

    Conservation Market Price Adder Wally Gibson Power Committee Web meeting May 19, 2009 May 19, 2009 2 Overview · Market price does not equal the cost of avoided resource · Market price is still relevant for resource choices · Conservation market price adder · Not the same as the 10% credit in the Act

  10. World Oil Price Cases (released in AEO2005)

    Reports and Publications (EIA)

    2005-01-01

    World oil prices in Annual Energy Outlook 2005 are set in an environment where the members of OPEC (Organization of the Petroleum Exporting Countries) are assumed to act as the dominant producers, with lower production costs than other supply regions or countries. Non-OPEC oil producers are assumed to behave competitively, producing as much oil as they can profitability extract at the market price for oil. As a result, the OPEC member countries will be able effectively to set the price of oil when they can act in concert by varying their aggregate production. Alternatively, OPEC members could target a fixed level of production and let the world market determine the price.

  11. Capital Markets and the Pricing

    E-Print Network [OSTI]

    Schubart, Christoph

    Portfolios 10.7 Measuring Systematic Risk 10.8 Beta and the Cost of Capital #12;Copyright ©2014 Pearson Asset Pricing Model to calculate the cost of capital for a particular project. 12.Explain why in an efficient capital market the cost of capital depends on systematic risk rather than diversifiable risk. #12

  12. Edgeworth Price Cycles, Cost-based Pricing and Sticky Pricing in Retail Gasoline Markets

    E-Print Network [OSTI]

    Noel, Michael

    2004-01-01

    Dynamic Pricing in Retail gasoline Markets”, RAND Journal ofin the Canadian Retail Gasoline Market”, Energy Economics [Associates. “Canadian Retail Petroleum Markets Study”, Re-

  13. World NGL markets continue rapid expansion

    SciTech Connect (OSTI)

    Otto, K.; Gist, R.; Whitley, C.; Haun, R.

    1998-06-08

    The international LPG industry has expanded rapidly during the 1990s and undergone significant changes. LPG consumption has expanded at nearly twice the rate of world petroleum demand. In particular, LPG use in residential and commercial markets has more than doubled in many developing countries. Markets for LPG and other petroleum products have been opened in many countries, accelerating demand growth and creating investment opportunities in all downstream segments. This has led to an overall strengthening of global LPG pricing and the development of many new export gas-processing projects. The paper discusses world LPG demand in residential and commercial markets and in petrochemicals, world LPG supply, regional increases, international trade, the US situation in natural gas, NGL supply, and NGL demand.

  14. Essays on equity prices and market structures 

    E-Print Network [OSTI]

    Wu, Juan

    2009-05-15

    In the first essay, we provide new evidence on the relationship between order flow and prices, an issue that is central to asset pricing and market microstructure. We examine proprietary data on a broad panel of NYSE-listed ...

  15. Edgeworth price cycles in retail gasoline markets

    E-Print Network [OSTI]

    Noel, Michael David, 1971-

    2002-01-01

    In this dissertation, I present three essays that are motivated by the interesting and dynamic price-setting behavior of firms in Canadian retail gasoline markets. In the first essay, I examine behavior at the market level ...

  16. Edgeworth Price Cycles, Cost-based Pricing and Sticky Pricing in Retail Gasoline Markets

    E-Print Network [OSTI]

    Noel, Michael

    2004-01-01

    Robbery, An Analysis of the Gasoline Crisis”, Bloomington:Dynamic Pricing in Retail gasoline Markets”, RAND Journal ofR. Gilbert. “Do Gasoline Markets Respond Asymmetrically to

  17. System dynamics, market microstructure and asset pricing

    E-Print Network [OSTI]

    Leika, Mindaugas

    2013-01-01

    Traditional asset pricing approaches are not able to explain extreme volatility and tail events that characterized financial markets in the past decade. System Dynamics theory, which is still underutilized in financial ...

  18. Market Prices and Uncertainty Report

    Reports and Publications (EIA)

    2015-01-01

    Monthly analysis of crude oil, petroleum products, natural gas, and propane prices is released as a regular supplement to the Short-Term Energy Outlook.

  19. Futures pricing in electricity markets based on stable CARMA spot models

    E-Print Network [OSTI]

    Gerkmann, Ralf

    Futures pricing in electricity markets based on stable CARMA spot models Gernot M¨uller Vortrag im years, electricity markets throughout the world have undergone massive changes due to deregulations risk but also against price movements. Consequently, statistical modeling and estimation of electricity

  20. Utility Marketing Strategies & Pricing Trends 

    E-Print Network [OSTI]

    Gilbert, J. S.

    1989-01-01

    their customers, not merely their energy purchasers. These include their fuel suppliers and regulators. When a utility is not trusted, the competitive situation is reduced to that of a commodity supplier in which price and terms constitute the whole...

  1. Edgeworth Price Cycles: Evidence from the Toronto Retail Gasoline Market

    E-Print Network [OSTI]

    Noel, Michael

    2004-01-01

    Robbery, An Analysis of the Gasoline Crisis”, Bloomington:Dynamic Pricing in Retail gasoline Markets”, RAND Journal ofR. Gilbert. “Do Gasoline Markets Respond Asymmetrically to

  2. Export prices and increasing world competition: evidence from French, German, and Italian pricing behavior

    E-Print Network [OSTI]

    Paris-Sud XI, Université de

    Export prices and increasing world competition: evidence from French, German, and Italian pricing,version1-3Apr2014 #12;Export prices and increasing world competition: evidence from French, German, and Italian pricing behavior Sarah Guillou Stefano Schiavo July 2007 Abstract The paper compares the export

  3. Market Maker Inventories and Stock Prices Terrence Hendershott

    E-Print Network [OSTI]

    Kearns, Michael

    in intraday trading and price formation.2 This paper examines the relationship between closing market makerMarket Maker Inventories and Stock Prices Terrence Hendershott U.C. Berkeley Mark S. Seasholes U prices follow naturally from inventory models. Liquidity suppliers and market markers profit from

  4. Protecting the Market from ``Hockey Stick'' Pricing: How

    E-Print Network [OSTI]

    approach to curb the effects of ``hockey stick'' pricing in the spot electricity market run by the Electric for these services are exhausted. In markets where energy or capacity is pur- chased through a uniform price auction.tej.2004.03.001 The Electricity Journal #12;are paid the same market clearing price (MCP), the presence

  5. World enrichment services market 1990-2005

    SciTech Connect (OSTI)

    1990-08-01

    Growth in world enrichment capacity, already in oversupply, will lead to a very competitive enrichment services market by the second half of the 1990s. Three of the four primary enrichment suppliers (USDOE, Eurodif, and Urenco) already have the capacity to produce 33 million SWU per year. Explorts from the Soviet Union and the People`s Republic of China (PRC) currently make available an additional six million SWU per year, and that figure could rise substantially. With additional supply capability expected from China, the Soviet Union, Louisiana Energy Services (LES) and Isotope Technologies (ITI), and the increased capacity of Urenco, and possibly even AVLIS from DOE, enrichment supply capability could exceed 46 million SWU per year by the year 2000. Yet annual enrichment requirements are only estimated to grow from 23.5 million SWU in 1990, to 28.9 million SWU by 2000. Total unfilled enrichment requirements will rise significantly in the second half of the 1990s, particularly from US utilities, creating sales opportunities for which suppliers will compete aggressively. These factors foretell a very competitive market in which sellers will offer low prices and flexible contracts. The anticipation of such strong competition also raises the question of which enrichment technology will succeed, and puts tremendous pressure on all suppliers to find cost-effective means of production as quickly as possible.

  6. Index Revision, House Price Risk, and the Market for House Price Derivatives

    E-Print Network [OSTI]

    Deng, Yongheng; Quigley, John M.

    2008-01-01

    bias in repeat-sales home price indices. Freddie Mac workingpaper #05–03. Index Revision, House Price Risk, and theMarket for House Price Derivatives Calhoun, C. A. (1996).

  7. Impact of growing Asian markets on the world oil industry

    SciTech Connect (OSTI)

    Manning, T.J. [Purvin and Gertz, Inc., Houston, TX (United States); Vautrain, J.H. [Purvin and Gertz, Inc., Los Angeles, CA (United States); Adair, P. [Purvin and Gertz, Inc., Singapore (Singapore)

    1996-12-01

    The focus of world petroleum activity has largely shifted from the industrialized OPEC nations to the rapidly developing countries of Asia where new refinery ventures, marketing operations, and trading offices have proliferated. Asia consumed 22% of the world`s petroleum in 1985, but rapid growth in the past decade has raised its share to over 30%. Demand in Asia has grown by an average of 550,000 B/D each year since 1985, accounting for 80% of the world`s total growth in demand. The robust demand growth envisioned for the 1990s cannot last indefinitely. The key factor restricting growth will be the world`s capacity to produce crude oil, which they believe will begin to approach sustainable limits after 2000. When those limits are reached, another oil price shock is likely, and another cycle of conservation and substitution will begin. If growth were to continue at the high rates of the 1990s, crude availability limits would be reached early in the next century. In this paper, they have presented a soft landing path for demand, production, and pricing. They project a gradual slowdown in demand growth, in response to a gradual increase in real crude oil prices. In the real world, a much rougher path is likely, even though both paths start and end at the same point.

  8. Cost, Conflict and Climate: U.S. Challenges in the World Oil Market

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    industry means that all oil demand pushes up the price ofearly 1980s drove down oil demand by 7% worldwide betweento suggest that the demand side of the world oil market or

  9. PSERC 98-22 "Market Power and Price Volatility in

    E-Print Network [OSTI]

    PSERC 98-22 "Market Power and Price Volatility in Restructured Markets for Electricity" Tim Mount/IEEE Service Center/445 Hoes Lane/P.O. Box 1331/Piscataway, NJ 08855-1331, USA. Telephone: + Intl. 908-562-3966. #12;MARKET POWER AND PRICE VOLATILITY IN RESTRUCTURED MARKETS FOR ELECTRICITY Tim Mount School

  10. Scenario Generation for Price Forecasting in Restructured Wholesale Power Markets

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    markets could aid in the design of appropriate price forecasting tools for such markets. Scenario1 Scenario Generation for Price Forecasting in Restructured Wholesale Power Markets Qun Zhou, restructured wholesale power markets, scenario generation, ARMA model, moment-matching method I. INTRODUCTION

  11. International black tea market integration and price discovery 

    E-Print Network [OSTI]

    Dharmasena, Kalu Arachchillage Senarath Dhananjaya Bandara

    2004-09-30

    In this thesis we study three basic issues related to international black tea markets: Are black tea markets integrated? Where is the price of black tea discovered? Are there leaders and followers in black tea markets? We ...

  12. May market review. [Spot market prices for uranium (1993)

    SciTech Connect (OSTI)

    Not Available

    1993-06-01

    Seven uranium transactions totalling nearly three million pounds equivalent U3O8 were reported during May, but only two, totalling less than 200 thousand pounds equivalent U3O8, involved concentrates. As no discretionary buying occurred during the month, and as near-term supply and demand were in relative balance, prices were steady, while both buyers and sellers appeared to be awaiting some new market development to signal the direction of future spot-market prices. The May 31, 1993, Exchange Value and the Restricted American market Penalty (RAMP) for concentrates were both unchanged at $7.10, and $2.95 per pound U3O8, respectively. NUEXCO's judgement was that transactions for significant quantities of uranium concentrates that were both deliverable in and intended for consumption in the USA could have been concluded on May 31 at $10.05 per pound U3O8. Two near-term concentrate transactions were reported in which one US utility purchased less than 200 thousand pounds equivalent U3O8 from two separate sellers. These sales occurred at price levels at or near the May 31 Exchange Value plus RAMP. No long-term uranium transactions were reported during May. Consequently, the UF6 Value decreased $0.20 to $24.30 per kgU as UF6, reflecting some weakening of the UF6 market outside the USA.

  13. Carbon pricing, nuclear power and electricity markets

    SciTech Connect (OSTI)

    Cameron, R.; Keppler, J. H. [OECD Nuclear Energy Agency, 12, boulevard des Iles, 92130 Issy-les-Moulineaux (France)

    2012-07-01

    In 2010, the NEA in conjunction with the International Energy Agency produced an analysis of the Projected Costs of Electricity for almost 200 power plants, covering nuclear, fossil fuel and renewable electricity generation. That analysis used lifetime costs to consider the merits of each technology. However, the lifetime cost analysis is less applicable in liberalised markets and does not look specifically at the viewpoint of the private investor. A follow-up NEA assessment of the competitiveness of nuclear energy against coal- and gas-fired generation under carbon pricing has considered just this question. The economic competition in electricity markets is today between nuclear energy and gas-fired power generation, with coal-fired power generation not being competitive as soon as even modest carbon pricing is introduced. Whether nuclear energy or natural gas comes out ahead in their competition depends on a number of assumptions, which, while all entirely reasonable, yield very different outcomes. The analysis in this study has been developed on the basis of daily data from European power markets over the last five-year period. Three different methodologies, a Profit Analysis looking at historic returns over the past five years, an Investment Analysis projecting the conditions of the past five years over the lifetime of plants and a Carbon Tax Analysis (differentiating the Investment Analysis for different carbon prices) look at the issue of competitiveness from different angles. They show that the competitiveness of nuclear energy depends on a number of variables which in different configurations determine whether electricity produced from nuclear power or from CCGTs generates higher profits for its investors. These are overnight costs, financing costs, gas prices, carbon prices, profit margins (or mark-ups), the amount of coal with carbon capture and electricity prices. This paper will present the outcomes of the analysis in the context of a liberalised electricity market, looking at the impact of the seven key variables and provide conclusions on the portfolio that a utility would be advised to maintain, given the need to limit risks but also to move to low carbon power generation. Such portfolio diversification would not only limit financial investor risk, but also a number of non-financial risks (climate change, security of supply, accidents). (authors)

  14. US petroleum price trends by channel: a glimpse of the mega-market

    SciTech Connect (OSTI)

    Not Available

    1987-12-23

    The US petroleum market, by far the largest market in the world, has three crude-oil pricing channels and four refined-product pricing channels. All this daily activity goes on under the veneer of final consumer fuels prices, and the lag time is such that sometimes trading price patterns reverse themselves before American consumers ever experience them. Yet, it is these consumers who yield tremendous power over traders, refiners, and OPEC. This issue is an exercise in price-channel tracking, by trading price type and by region of the US This issue also contains the following: (1) ED refining netback data for the US Gulf and West Coasts, Rotterdam, and Singapore for late December 1987; and (2) ED fuel price/tax series for countries of the Eastern Hemisphere, December 1987 edition. 5 figures, 4 tables.

  15. CARBON MARKETS AROUND THE WORLD Ashley Lawson

    E-Print Network [OSTI]

    California at Davis, University of

    CARBON MARKETS AROUND THE WORLD Ashley Lawson Senior Analyst, Thomson Reuters Point Carbon only pilot trading carbon 6 #12;Shenzhen · Policy ­ Intensity-based ETS started June 18, 2013

  16. World Oil Prices in AEO2007 (released in AEO2007)

    Reports and Publications (EIA)

    2007-01-01

    Over the long term, the Annual Energy Outlook 2007 (AEO) projection for world oil prices -- defined as the average price of imported low-sulfur, light crude oil to U.S. refiners -- is similar to the AEO2006 projection. In the near term, however, AEO2007 projects prices that are $8 to $10 higher than those in AEO2006.

  17. Using Neural Networks to Forecast Stock Market Prices Ramon Lawrence

    E-Print Network [OSTI]

    Lawrence, Ramon

    Using Neural Networks to Forecast Stock Market Prices Ramon Lawrence Department of Computer Science on the application of neural networks in forecasting stock market prices. With their ability to discover patterns in nonlinear and chaotic systems, neural networks offer the ability to predict market directions more

  18. Commitment of Electric Power Generators under Stochastic Market Prices

    E-Print Network [OSTI]

    Mazumdar, Mainak

    that when an electric power producer has the option of trading electricity at market prices, an optimal unitCommitment of Electric Power Generators under Stochastic Market Prices Jorge Valenzuela 1 November 2001 1 Corresponding author. #12;1 Commitment of Electric Power Generators under Stochastic Market

  19. World Oil Prices in AEO2006 (released in AEO2006)

    Reports and Publications (EIA)

    2006-01-01

    World oil prices in the Annual Energy Outlook 2006 (AEO) reference case are substantially higher than those in the AEO2005 reference case. In the AEO2006 reference case, world crude oil prices, in terms of the average price of imported low-sulfur, light crude oil to U.S. refiners, decline from current levels to about $47 per barrel (2004 dollars) in 2014, then rise to $54 per barrel in 2025 and $57 per barrel in 2030. The price in 2025 is approximately $21 per barrel higher than the corresponding price projection in the AEO2005 reference case.

  20. Nonlinear Pricing Strategies and Market Concentration in the Airline Industry 

    E-Print Network [OSTI]

    Hernandez Garcia, Manuel A.

    2010-10-12

    This dissertation investigates the effect of market concentration on nonlinear pricing strategies in the airline industry. The study develops a theoretical nonlinear pricing model with both discrete product and consumer types to derive testable...

  1. The imperfect price-reversibility of world oil demand

    SciTech Connect (OSTI)

    Gately, D. [New York Univ., NY (United States)

    1993-12-31

    This paper examines the price-reversibility of world oil demand, using price-decomposition methods employed previously on other energy demand data. We conclude that the reductions in world oil demand following the oil price increases of the 1970s will not be completely reversed by the price cuts of the 1980s. The response to price cuts in the 1980s is perhaps only one-fifth that for price increases in the 1970s. This has dramatic implications for projections of oil demand, especially under low-price assumptions. We also consider the effect on demand of a price recovery (sub-maximum increase) in the 1990s - due either to OPEC or to a carbon tax-specifically whether the effects would be as large as for the price increases of the 1970s or only as large as the smaller demand reversals of the 1980s. On this the results are uncertain, but a tentative conclusion is that the response to a price recovery would lie midway between the small response to price cuts and the larger response to increases in the maximum historical price. Finally, we demonstrate two implications of wrongly assuming that demand is perfectly price-reversible. First, such an assumption will grossly overestimate the demand response to price declines of the 1980s. Secondly, and somewhat surprisingly, it causes an underestimate of the effect of income growth on future demand. 21 refs., 11 figs., 1 tab.

  2. Optimization Online - Convex Hull Pricing in Electricity Markets ...

    E-Print Network [OSTI]

    Dane Schiro

    2015-03-19

    Mar 19, 2015 ... Convex Hull Pricing in Electricity Markets: Formulation, Analysis, and ... Citation: ISO New England, Holyoke, MA 01040 USA (March 2015).

  3. A uniform price auction with locational price adjustments for competitive electricity markets

    E-Print Network [OSTI]

    A uniform price auction with locational price adjustments for competitive electricity markets Price auction is an appropriate institution. However, an efficient implementation of this auction in an electricity context requires that the offers used in the auction reflect the appropriate locational price

  4. March market review. [Spot market prices for uranium (1993)

    SciTech Connect (OSTI)

    Not Available

    1993-04-01

    The spot market price for uranium in unrestricted markets weakened further during March, and at month end, the NUEXCO Exchange Value had fallen $0.15, to $7.45 per pound U3O8. The Restricted American Market Penalty (RAMP) for concentrates increased $0.15, to $2.55 per pound U3O8. Ample UF6 supplies and limited demand led to a $0.50 decrease in the UF6 Value, to $25.00 per kgU as UF6, while the RAMP for UF6 increased $0.75, to $5.25 per kgU. Nine near-term uranium transactions were reported, totalling almost 3.3 million pounds equivalent U3O8. This is the largest monthly spot market volume since October 1992, and is double the volume reported in January and February. The March 31 Conversion Value was $4.25 per kgU as UF6. Beginning with the March 31 Value, NUEXCO now reports its Conversion Value in US dollars per kilogram of uranium (US$/kgU), reflecting current industry practice. The March loan market was inactive with no transactions reported. The Loan Rate remained unchanged at 3.0 percent per annum. Low demand and increased competition among sellers led to a one-dollar decrease in the SWU Value, to $65 per SWU, and the RAMP for SWU declined one dollar, to $9 per SWU.

  5. April market review. [Spot market prices for uranium (1993)

    SciTech Connect (OSTI)

    Not Available

    1993-05-01

    The spot market price for uranium outside the USA weakened further during April, and at month end, the NUEXCO Exchange Value had fallen $0.35, to $7.10 per pound U3O8. This is the lowest Exchange Value observed in nearly twenty years, comparable to Values recorded during the low price levels of the early 1970s. The Restricted American Market Penalty (RAMP) for concentrates increased $0.40, to $2.95 per pound U3O8. Transactions for significant quantities of uranium concentrates that are both deliverable in and intended for consumption in the USA could have been concluded on April 30 at $10.05 per pound U3O8, up $0.05 from the sum of corresponding March Values. Four near-term concentrates transactions were reported, totalling nearly 1.5 million pounds equivalent U3O8. One long-term sale was reported. The UF6 Value also declined, as increased competition among sellers led to a $0.50 decrease, to $24.50 per kgU as UF6. However, the RAMP for UF6 increased $0.65, to $5.90 per kgU as UF6, reflecting an effective US market level of $30.40 per kgU. Two near term transactions were reported totalling approximately 1.1 million pounds equivalent U3O8. In total, eight uranium transactions totalling 28 million pounds equivalent U3O8 were reported, which is about average for April market activity.

  6. FINAL REPORT ON PRICE MANIPULATION IN WESTERN MARKETS

    E-Print Network [OSTI]

    Laughlin, Robert B.

    MANIPULATION OF ELECTRIC AND NATURAL GAS PRICES DOCKET NO. PA02-2-000 Prepared by the Staff of the Federal Market Natural Gas Prices at California Borders Were Extraordinarily High ............ I-2 Supply Significantly Influenced Reported Spot Prices for Natural Gas in California

  7. Predicting Equity Market Price Impact with Performance Weighted Ensembles of

    E-Print Network [OSTI]

    Predicting Equity Market Price Impact with Performance Weighted Ensembles of Random Forests Ash.j.mcgroarty@soton.ac.uk Abstract--For many players in financial markets, the price impact of their trading activity represents a large proportion of their transaction costs. This paper proposes a novel machine learning method

  8. Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin

    1999-01-01

    Power in Wholesale Electricity Markets Severin Borensteincompetition, electricity markets Abstract: Discussions ofin restructured electricity markets have revealed many

  9. EFFICIENT PRICING IN ELECTRICITY MARKETS: WHO IS ON REAL-TIME PRICING 

    E-Print Network [OSTI]

    Fontana, Michelle

    2011-08-08

    commercial and industrial users of electricity pay prices that reflect the social cost of power at the time of consumption. This pricing mechanism is called “real-time pricing” (RTP) in electricity markets. I have access to a unique, new dataset of virtually...

  10. Gasoline Price Differences: Taxes, Pollution Regulations, Mergers, Market Power, and Market Conditions

    E-Print Network [OSTI]

    Chouinard, Hayley; Perloff, Jeffrey M.

    2002-01-01

    1 2. A Reduced-Form Gasoline PriceThe Case of Retail Gasoline Markets,” The Journal of Law andof Organizational Form in Gasoline Retailing and the Costs

  11. Metabolic paths in world economy and crude oil price

    E-Print Network [OSTI]

    Picciolo, Francesco; Ruzzenenti, Franco

    2015-01-01

    In 1983 Hamilton demonstrated the correlation between the price of oil and gross national product for the U.S. economy. A prolific literature followed exploring the potential correlation of oil prices with other important indices like inflation, industrial production, and food prices, using increasingly refined tools. Our work sheds new light on the role of oil prices in shaping the world economy by investigating the metabolic paths of value across trade between 1960 and 2010, by means of Markov Chain analysis. We show that the interdependence of countries' economies are strictly (anti)correlated to the price of oil. We observed a remarkably high correlation of 0.85, unmatched by any former study addressing the correlation between oil price and major economic indicators.

  12. The Speed of Gasoline Price Response in Markets With and Without Edgeworth Cycles

    E-Print Network [OSTI]

    Lewis, Matt; Noel, Michael

    2009-01-01

    Retail Gasoline Price Dynamics and Local Market Power,”of Local Market Power? Evidence from the Retail Gasoline

  13. Price analysis in electronic marketing of Texas feeder cattle 

    E-Print Network [OSTI]

    Mahoney, Kathleen Ann

    1981-01-01

    ANALYSIS IN ELECTRONIC MARKETING OF TEXAS FEEDER CATTLE A Thesis by KATHLEEN ANN MAHONEY Approved as to style and content by: Chairman of Co ttee) ead of De rtment (Me r) ( r) December 1981 1. 11 Price Analysis in Electronic Marketing of Texas... Feeder Cattle (December 1981) Kathleen Mahoney, B. S. , Western Illinois University The feeder cattle marketing segment is characterized by many small, independent producers. Over time the industry has moved away from large central markets. It can...

  14. Convex Hull Pricing in Electricity Markets: Formulation, Analysis ...

    E-Print Network [OSTI]

    Dane Schiro

    2015-05-01

    May 1, 2015 ... Since a majority of electricity market problems include transmission constraints and ... intervals, a meshed network with transmission constraints, losses, ...... Each current ISO pricing method is flexible in terms of mathematical ...

  15. Financial market imperfections and their asset pricing implications

    E-Print Network [OSTI]

    Rayanakorn, Surapap

    2012-01-01

    This thesis consists of two studies on financial market imperfections. The first study (Chapters 2 and 3) investigates illiquidity, which is a reflection of different imperfections, and its pricing implications in the ...

  16. Natural Gas Prices Forecast Comparison--AEO vs. Natural Gas Markets

    E-Print Network [OSTI]

    Wong-Parodi, Gabrielle; Lekov, Alex; Dale, Larry

    2005-01-01

    per year until 2020, while oil demand is expected to groweconomic growth and world oil prices, and four other casesand higher and lower world oil prices. Assumptions for

  17. On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2003-01-01

    homogeneous product in the retail market, and P would facein wholesale and retail markets Equilibrium prices in thecompetitive investment and retail markets would attain the

  18. The dividend pricing model: New evidence from the Korean housing market

    E-Print Network [OSTI]

    Hwang, Min; Quigley, John M.; Son, Jae-Young

    2006-01-01

    Efficiency and Euphoria in the Housing Market,” Journal ofand Excess Returns in the Housing Market," Journal of theMarket Fundamentals and Housing Price Volatility," Real

  19. Nonlinear Pricing in Energy and Environmental Markets

    E-Print Network [OSTI]

    Ito, Koichiro

    2011-01-01

    Do Consumers Respond? Residential Demand Elasticity UnderPrice elasticity of residential demand for water: A meta-Evidence from Residential Electricity Demand. ” The Review

  20. Production and pricing patterns in the international crude oil market

    SciTech Connect (OSTI)

    Fischer, S.C.

    1985-01-01

    This study focuses on measuring the patterns of production and pricing of the major oil-exporting countries over the past decade. It conducts a series of empirical investigations, relying largely on quarterly data, into the determinants of the distribution of oil liftings in the OPEC areas, including the significance of relative crude oil price incentives, the stability of oil prices and market shares, the components of the residual demand for OPEC oil with emphasis on fluctuations in speculative demand for oil inventories, the impact of effective capacity utilization and speculative demand on major price escalations, and the sensitivity of Saudi Arabian price preferences to evolving net demand reaction to higher oil prices and to the share it is able to retain of the OPEC market. The background for this analysis is provided by a review of the historical evolution of oil and energy consumption, production and development patterns during the postwar era, and the reversal of theoretical frameworks for analyzing the international oil market are described, and the rationale for the noncompetitive view of oil prices and production in major exporting countries is detailed. Finally, the transformation of the structure of crude oil marketing over the past decade is analyzed, emphasizing growing competitive trends in the industry mixed with residual oligopolistic tendencies.

  1. BSDES IN UTILITY MAXIMIZATION WITH BMO MARKET PRICE OF RISK

    E-Print Network [OSTI]

    Frei, Christoph

    BSDES IN UTILITY MAXIMIZATION WITH BMO MARKET PRICE OF RISK By Christoph Frei, Markus Mocha This article studies quadratic semimartingale BSDEs arising in power utility max- imization when the market as important properties of the utility maximization BSDE. 1. Introduction. In this article we study quadratic

  2. Pricing and Firm Conduct in California's Deregulated Electricity Market

    E-Print Network [OSTI]

    California at Berkeley. University of

    and fall 2000. The incumbent utilities were required to purchase power at high wholesale prices and to sell, the organized market broke down, and the state government was required to step in to purchase power. Market of the Program on Workable Energy Regulation (POWER). POWER is a program of the University of California Energy

  3. Derivation of Locational Marginal Prices for Restructured Wholesale Power Markets

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    the performance of these markets. In this paper, different AC and DC optimal power flow (OPF) models are presented Operator (MISO). Keywords: Locational marginal pricing, wholesale power market, AC optimal power flow, DC optimal power flow, U.S. Midwest Independent System Operator (MISO). #12;3 1 INTRODUCTION In an April 2003

  4. Structural Estimation of Price Adjustment Costs in the European Car Market

    E-Print Network [OSTI]

    Noton, Carlos

    2009-01-01

    Sys- tem: the European Car Market”. C.E.P.R. DiscussionPrice Dispersion in the European Car Market”. The Review ofPrice: Evidence from the European Car Market”. Journal of

  5. FIRST PRICE AND SECOND PRICE AUCTION MODELLING FOR ENERGY CONTRACTS IN LATIN AMERICAN ELECTRICITY MARKETS

    E-Print Network [OSTI]

    Catholic University of Chile (Universidad Católica de Chile)

    FIRST PRICE AND SECOND PRICE AUCTION MODELLING FOR ENERGY CONTRACTS IN LATIN AMERICAN ELECTRICITY and capacity markets have been investigated for this purpose. Latin American mar- kets are exploring energy and couple the existing outlook of primary energy resources and the investment interest by the private sector

  6. Predictability of price movements in deregulated electricity markets

    E-Print Network [OSTI]

    Uritskaya, Olga Y

    2015-01-01

    In this paper we investigate predictability of electricity prices in the Canadian provinces of Alberta and Ontario, as well as in the US Mid-C market. Using scale-dependent detrended fluctuation analysis, spectral analysis, and the probability distribution analysis we show that the studied markets exhibit strongly anti-persistent properties suggesting that their dynamics can be predicted based on historic price records across the range of time scales from one hour to one month. For both Canadian markets, the price movements reveal three types of correlated behavior which can be used for forecasting. The discovered scenarios remain the same on different time scales up to one month as well as for on- and off- peak electricity data. These scenarios represent sharp increases of prices and are not present in the Mid-C market due to its lower volatility. We argue that extreme price movements in this market should follow the same tendency as the more volatile Canadian markets. The estimated values of the Pareto indi...

  7. Market concentration, strategic suppliers, and price dispersion 

    E-Print Network [OSTI]

    Wade, Chad R.

    2009-05-15

    problem that suppliers face when supplying multiple markets. I use the experimental method to examine the effect of an increase in the number of suppliers in a market, ceteris paribus, has on the allocation decisions of market participants. I also use...

  8. Price changes in the gasoline market: Are Midwestern gasoline prices downward sticky?

    SciTech Connect (OSTI)

    NONE

    1999-03-01

    This report examines a recurring question about gasoline markets: why, especially in times of high price volatility, do retail gasoline prices seem to rise quickly but fall back more slowly? Do gasoline prices actually rise faster than they fall, or does this just appear to be the case because people tend to pay more attention to prices when they`re rising? This question is more complex than it might appear to be initially, and it has been addressed by numerous analysts in government, academia and industry. The question is very important, because perceived problems with retail gasoline pricing have been used in arguments for government regulation of prices. The phenomenon of prices at different market levels tending to move differently relative to each other depending on direction is known as price asymmetry. This report summarizes the previous work on gasoline price asymmetry and provides a method for testing for asymmetry in a wide variety of situations. The major finding of this paper is that there is some amount of asymmetry and pattern asymmetry, especially at the retail level, in the Midwestern states that are the focus of the analysis. Nevertheless, both the amount asymmetry and pattern asymmetry are relatively small. In addition, much of the pattern asymmetry detected in this and previous studies could be a statistical artifact caused by the time lags between price changes at different points in the gasoline distribution system. In other words, retail gasoline prices do sometimes rise faster than they fall, but this is largely a lagged market response to an upward shock in the underlying wholesale gasoline or crude oil prices, followed by a return toward the previous baseline. After consistent time lags are factored out, most apparent asymmetry disappears.

  9. The Strategy 1.Get historic "market" prices of each type of

    E-Print Network [OSTI]

    Dignum, Frank

    RGMAgent The Strategy #12;Main Idea 1.Get historic "market" prices of each type of goods 2.Assume that our agent will at the end win the goods at approximately market-price level (Average market price) Planner Best Plan Constraints Prices My Tickets Current Plan Update plannerUpdate planner Perform Bidding

  10. Green Pricing Program Marketing Expenditures: Finding the Right Balance

    SciTech Connect (OSTI)

    Friedman, B.; Miller, M.

    2009-09-01

    In practice, it is difficult to determine the optimal amount to spend on marketing and administering a green pricing program. Budgets for marketing and administration of green pricing programs are a function of several factors: the region of the country; the size of the utility service area; the customer base and media markets encompassed within that service area; the point or stage in the lifespan of the program; and certainly, not least, the utility's commitment to and goals for the program. All of these factors vary significantly among programs. This report presents data on programs that have funded both marketing and program administration. The National Renewable Energy Laboratory (NREL) gathers the data annually from utility green pricing program managers. Programs reporting data to NREL spent a median of 18.8% of program revenues on marketing their programs in 2008 and 16.6% in 2007. The smallest utilities (those with less than 25,000 in their eligible customer base) spent 49% of revenues on marketing, significantly more than the overall median. This report addresses the role of renewable energy credit (REC) marketers and start-up costs--and the role of marketing, generally, in achieving program objectives, including expansion of renewable energy.

  11. Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Market

    E-Print Network [OSTI]

    Lewis, Matt

    2004-01-01

    and R. Gilbert (1997) “Do Gasoline Prices Respond Asymmet-George. (2004) “Retail Gasoline Price Dynamics and LocalAsymmetries in Local Gasoline Markets” Energy Economics

  12. Pricing in the Market for Anticancer Drugs

    E-Print Network [OSTI]

    Howard, David H.

    In 2011, Bristol-Myers Squibb set the price of its newly approved melanoma drug ipilimumab— brand name Yervoy—at $120,000 for a course of therapy. The drug was associated with an incremental increase in life expectancy of ...

  13. Experiences with energy prices in a deregulated market

    SciTech Connect (OSTI)

    Rebellon, P.

    1999-11-01

    The energy market was deregulated in Colombia back in 1994. Since then, an increasing share of energy has been traded at prices dictated essentially by market considerations, not always coherent with sound technical and commercial practices. This paper is based on the author`s experiences with the negotiation of a number of contracts for energy purchase between 1994 and 1997. It starts with a brief presentation of the Colombian power system, the key players and the structure of energy prices before the market was deregulated. An overview of the conditions that led to power shortages in 1992 is included. The document continues with the description of the operation of the Colombian deregulated energy market, as well as the available contracts and energy transactions. Then, the evolution of the energy bid prices submitted by different generating companies during the period 1994--1997 is developed in detail. The final part of the paper discusses the effects of the energy prices in the operation of the system; the financial impact for IPPs; the economic signals given to the market; and the overall performance of the national power system.

  14. Digital asset pricing in the textbook market

    E-Print Network [OSTI]

    Molina, Katherine (Katherine V.)

    2011-01-01

    The U.S. college textbook market is in the midst of a seismic shift: publishers are creating new products, students are demanding more sophisticated digital content and instructors are just beginning to experiment with ...

  15. Price distortions in the commodity futures markets

    E-Print Network [OSTI]

    Helfrich, Devin B

    2012-01-01

    Speculation is not monolithic; it comes in many forms. A certain level of speculation is required for commodity futures markets to function. On the other hand, certain types of trading activities by speculators may damage ...

  16. Prices

    Gasoline and Diesel Fuel Update (EIA)

    Information AdministrationPetroleum Marketing Annual 1998 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) -...

  17. Prices

    Gasoline and Diesel Fuel Update (EIA)

    Information AdministrationPetroleum Marketing Annual 2001 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) -...

  18. Prices

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Information AdministrationPetroleum Marketing Annual 1999 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) -...

  19. Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Information AdministrationPetroleum Marketing Annual 2002 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) -...

  20. Self-organization of price fluctuation distribution in evolving markets

    E-Print Network [OSTI]

    Pan, R K; Pan, Raj Kumar; Sinha, Sitabhra

    2006-01-01

    Financial markets can be seen as complex systems in non-equilibrium steady state, one of whose most important properties is the distribution of price fluctuations. Recently, there have been assertions that this distribution is qualitatively different in emerging markets as compared to developed markets. Here we analyse both high-frequency tick-by-tick as well as daily closing price data to show that the price fluctuations in the Indian stock market, one of the largest emerging markets, have a distribution that is identical to that observed for developed markets (e.g., NYSE). In particular, the cumulative distribution has a long tail described by a power law with an exponent $\\alpha \\approx 3$. Also, we study the historical evolution of this distribution over the period of existence of the National Stock Exchange (NSE) of India, which coincided with the rapid transformation of the Indian economy due to liberalization, and show that this power law tail has been present almost throughout. We conclude that the ``...

  1. ANALYSIS OF FUTURE PRICES AND MARKETS FOR HIGH TEMPERATURE SUPERCONDUCTORS

    E-Print Network [OSTI]

    1 ANALYSIS OF FUTURE PRICES AND MARKETS FOR HIGH TEMPERATURE SUPERCONDUCTORS BY JOSEPH MULHOLLAND temperature superconductors (HTS) may impact the national electrical system over the next 25 years dollars. However, the savings from superconductivity are offset somewhat by the high cost of manufacturing

  2. The Speed of Gasoline Price Response in Markets With and Without Edgeworth Cycles

    E-Print Network [OSTI]

    Lewis, Matt; Noel, Michael

    2009-01-01

    An Examination of the Retail Gasoline Market,” July 2005.OH. , “Temporary Wholesale Gasoline Price Spikes have Long-from the Toronto Retail Gasoline Market,” Journal of

  3. Crude oil prices: Are our oil markets too tight?

    SciTech Connect (OSTI)

    Simmons, M.R. [Simmons and Co. International, Houston, TX (United States)

    1997-02-01

    The answer to the question posed in the title is that tightness in the market will surely prevail through 1997. And as discussed herein, with worldwide demand expected to continue to grow, there will be a strong call on extra oil supply. Meeting those demands, however, will not be straightforward--as many observers wrongly believe--considering the industry`s practice of maintaining crude stocks at ``Just in time`` inventory levels. Further, impact will be felt from the growing rig shortage, particularly for deepwater units, and down-stream capacity limits. While these factors indicate 1997 should be another good year for the service industry, it is difficult to get any kind of consensus view from the oil price market. With most observers` information dominated by the rarely optimistic futures price of crude, as reflected by the NYMEX, the important fact is that oil prices have remained stable for three years and increased steadily through 1996.

  4. Efficient access pricing and endogenous market structure

    E-Print Network [OSTI]

    Nesterov, Yurii

    in the (downstream) retail market. Unlike the traditional approach, we consider a scenario where the decision (electricity), pipelines (gas), tracks and stations (rail transportation) and local delivery network (postal of these industries, for examples for long distance calls, electricity generation, gas extraction, rail and freight

  5. Cost, Conflict and Climate: U.S. Challenges in the World Oil Market

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    at the world price of oil and prices of gasoline and otherincremental pro?ts when oil prices rise come from both U.S.the recent increases in oil prices and attempts to clarify

  6. Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with

    E-Print Network [OSTI]

    Bhatia, Sangeeta

    Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with Ex@tum.de Abstract--In this paper, we propose a new real-time retail pricing model characterized by ex and robustness properties than pure exant´e pricing. Index Terms--Real-Time Pricing, Market Stability, Economic

  7. Participatory Sensing in Commerce: Using Mobile Camera Phones to Track Market Price Dispersion

    E-Print Network [OSTI]

    Bulusu, Nirupama

    Participatory Sensing in Commerce: Using Mobile Camera Phones to Track Market Price Dispersion In economics, price dispersion refers to the price difference of a homogeneous good across different vendors. According to [1] "The empirical evidence suggests that price dispersion in both online and offline markets

  8. Price Dispersion in the Housing Market: The Role of Bargaining and Search Costs

    E-Print Network [OSTI]

    Boyer, Edmond

    Price Dispersion in the Housing Market: The Role of Bargaining and Search Costs Gaetano Lisi bargaining powers and search costs the selling price will be different. Recently, from a theoretical point a basic fact of housing markets: price dispersion. The variance in house prices is basically due to both

  9. IEEE TRANSACTIONS ON POWER SYSTEMS 1 Economic Impact of Electricity Market Price

    E-Print Network [OSTI]

    Cañizares, Claudio A.

    IEEE TRANSACTIONS ON POWER SYSTEMS 1 Economic Impact of Electricity Market Price Forecasting Errors to forecast electricity market prices and improve forecast accuracy. However, no studies have been reported, the application of electricity market price forecasts to short-term operation scheduling of two typical

  10. Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets Jian Yao1, Bert Willems2 compare two alternative mechanisms for cap- ping prices in two-settlement electricity markets. Alternatively, regulators in many restructured electricity markets have imposed price or offer caps in the spot

  11. ZONAL PRICING AND DEMAND-SIDE BIDDING IN THE NORWEGIAN ELECTRICITY MARKET

    E-Print Network [OSTI]

    California at Berkeley. University of

    .3 Retail Markets 9 2.4 Generating Plants 10 2.5 Storage, Generation, Price and Trade Patterns 14 3. SupplyPWP-063 ZONAL PRICING AND DEMAND-SIDE BIDDING IN THE NORWEGIAN ELECTRICITY MARKET Tor Arnt Johnsen.ucei.berkeley.edu/ucei #12;ZONAL PRICING AND DEMAND-SIDE BIDDING IN THE NORWEGIAN ELECTRICITY MARKET Tor Arnt Johnsen, Shashi

  12. Quantitative Model of Price Diffusion and Market Friction Based on Trading as a Mechanistic Random Process

    E-Print Network [OSTI]

    Quantitative Model of Price Diffusion and Market Friction Based on Trading as a Mechanistic Random 2002; published 13 March 2003) We model trading and price formation in a market under the assumption for the most basic properties of markets, such as the diffusion rate of prices (which is the standard measure

  13. Pine sawlog markets remained slow and prices were flat to slightly lower. Dry

    E-Print Network [OSTI]

    Pine sawlog markets remained slow and prices were flat to slightly lower. Dry weather brought price prices averaged $28.36 per ton, 5 percent lower than the last period. This was 36% higher than the price a year ago. The average pine sawlog price was $26.51 per ton for Northeast Texas and $30.23 per ton

  14. Dynamic Bandwidth Pricing: Provision Cost, Market Size, Effective Bandwidths and Price Games

    E-Print Network [OSTI]

    Weber, Richard

    contracts. We investigate the resulting reaction curves, search for the existence of an equilibrium point the provider of dynamic contracts to enter the market. Key Words: network economics, contracts, pricing and customers have tra- ditionally been of static nature. Both parties agree on the terms of a long- term

  15. Price Discovery in the Natural Gas Markets of the United States and Canada 

    E-Print Network [OSTI]

    Olsen, Kyle

    2011-02-22

    Canadian markets in a North American natural gas market study. Causal flows modeling using directed acyclic graphs in conjunction with time series analysis are used to explain the relationships among the markets. Daily gas price data from 1994 to 2009...

  16. Investment Efficiency in Competitive Electricity Markets With and Without Time-Varying Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2002-01-01

    homogeneous product in the retail market, and would face noin wholesale and retail markets Equilibrium prices in thec) = r. In the ?at-rate retail market, however, there is now

  17. The Spanish gasoline market: From ceiling regulation to open market pricing

    SciTech Connect (OSTI)

    Contin, I.; Correlje, A.; Huerta, E.

    1999-07-01

    This paper examines the evolution of the Spanish gasoline market from the abolition of the state oil monopoly (January 1993) to complete liberalization (October 1998). With the restructuring of the Spanish oil sector during the 1980s and early 1990s, a highly concentrated oligopoly emerged in the automotive fuels market. A system of price ceilings replaced the state administered prices in July 1990. Since then, new domestic and foreign operators have entered the market, particularly along the coast, near import terminals. Prices went up and then declined. These developments can be explained by an interplay of factors such as: the gradual decline in co-operation among the Spanish firms; the loss of market share of the largest of these, Repsol; the entry of independent operators and supermarkets; and the impact of the ceiling price system. By mid-1998 this system was abolished as the government considered it an impediment to further market liberalization. However, some crucial barriers to the entry of new suppliers remain.

  18. World Biodiesel Markets The Outlook to 2010

    E-Print Network [OSTI]

    of oils for biodiesel production and oil meals as animal feed ingredients The study also considers, including the regulatory and trade framework, feedstock supply and price developments, biodiesel production-depth profiles on Europe, the Americas and Asia/Pacific Feedstocks Biodiesel production processes Production

  19. The role of content regulation on pricing and market power in regional retail and wholesale gasoline markets

    E-Print Network [OSTI]

    Muehlegger, Erich J.

    2002-01-01

    Since 1999, regional retail and wholesale gasoline markets in the United States have experienced significant price volatility, both intertemporally and across geographic markets. This paper focuses on one potential explanation ...

  20. Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with

    E-Print Network [OSTI]

    Hirche, Sandra

    Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with Ex loop system. Under this pricing mechanism, electricity is priced at the exant´e price (calculated based, dahleh, mitter}@mit.edu Siemens Corporate Technology, Munich, Germany dragan

  1. A SURVEY OF COMMODITY MARKETS AND STRUCTURAL MODELS FOR ELECTRICITY PRICES

    E-Print Network [OSTI]

    Carmona, Rene

    A SURVEY OF COMMODITY MARKETS AND STRUCTURAL MODELS FOR ELECTRICITY PRICES RENE CARMONA AND MICHAEL and the methods which have been proposed to handle them in spot and forward price models. We devote special focus on the important role of other energy prices and fundamental factors in setting the power price

  2. Price-Maker Economic Bidding in Two-Settlement Pool-Based Markets: The Case of Time-Shiftable Loads

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    are found for the price and energy bids within a relatively short amount of computational time. A detailed bidding, price bids, energy bids, day-ahead market, real-time market, time-shiftable loads, demand to day-ahead market y Energy bid to real-time market p Price bid submitted to the day-ahead market

  3. Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Market

    E-Print Network [OSTI]

    Lewis, Matt

    2003-01-01

    Adjustment of U.K. Retail Gasoline Prices to Cost Changes. ”C. and R. Gilbert (1997) “Do Gasoline Prices Respond Asym-Asymmetries in Local Gasoline Markets” Energy Economics

  4. A statistical analysis of the natural gas futures market : the interplay of sentiment, volatility and prices

    E-Print Network [OSTI]

    Fazzio, Thomas J. (Thomas Joseph)

    2010-01-01

    This paper attempts to understand the price dynamics of the North American natural gas market through a statistical survey that includes an analysis of the variables influencing the price and volatility of this energy ...

  5. 2007 Wholesale Power Rate Case Final Proposal : Market Price Forecast Study.

    SciTech Connect (OSTI)

    United States. Bonneville Power Administration.

    2006-07-01

    This study presents BPA's market price forecasts for the Final Proposal, which are based on AURORA modeling. AURORA calculates the variable cost of the marginal resource in a competitively priced energy market. In competitive market pricing, the marginal cost of production is equivalent to the market-clearing price. Market-clearing prices are important factors for informing BPA's power rates. AURORA was used as the primary tool for (a) estimating the forward price for the IOU REP Settlement benefits calculation for fiscal years (FY) 2008 and 2009, (b) estimating the uncertainty surrounding DSI payments and IOU REP Settlements benefits, (c) informing the secondary revenue forecast and (d) providing a price input used for the risk analysis. For information about the calculation of the secondary revenues, uncertainty regarding the IOU REP Settlement benefits and DSI payment uncertainty, and the risk run, see Risk Analysis Study WP-07-FS-BPA-04.

  6. Energy and Financial Markets Overview: Crude Oil Price Formation

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets 9,WhyConsumption6 1 AprilMMaples 2011 EIA

  7. Energy and Financial Markets Overview: Crude Oil Price Formation

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets 9,WhyConsumption6 1 AprilMMaples 2011

  8. Relationship Between Wind Generation and Balancing Energy Market Prices in ERCOT: 2007-2009

    SciTech Connect (OSTI)

    Nicholson, E.; Rogers, J.; Porter, K.

    2010-11-01

    This paper attempts to measure the average marginal effects of wind generation on the balancing-energy market price in ERCOT with the help of econometric analysis.

  9. Japan's Solar Photovoltaic (PV) Market: An Analysis of Residential System Prices (Presentation)

    SciTech Connect (OSTI)

    James, T.

    2014-03-01

    This presentation summarizes market and policy factors influencing residential solar photovoltaic system prices in Japan, and compares these factors to related developments in the United States.

  10. The social costs to the US of monopolization of the world oil market, 1972--1991

    SciTech Connect (OSTI)

    Greene, D.L.; Leiby, P.N.

    1993-03-01

    The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the US over the period 1972--1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the US and other consuming nations could, through collective (social) action affect the cartel`s ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972--1991 period to a hypothetical ``more competitive`` world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader`s judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing US oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US oil consumers to foreign oil producers and, by increasing theeconomic scarcity of oil, reduces the economy`s potential to produce. The actions of the OPEC cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy`s inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972--1991 period are put at $4.1 trillion in 1990$($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US`s primary oil supply contingency program is small ($10 B) by comparison.

  11. The social costs to the US of monopolization of the world oil market, 1972--1991

    SciTech Connect (OSTI)

    Greene, D.L.; Leiby, P.N.

    1993-03-01

    The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the US over the period 1972--1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the US and other consuming nations could, through collective (social) action affect the cartel's ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972--1991 period to a hypothetical more competitive'' world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader's judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing US oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US oil consumers to foreign oil producers and, by increasing theeconomic scarcity of oil, reduces the economy's potential to produce. The actions of the OPEC cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy's inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972--1991 period are put at $4.1 trillion in 1990$($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US's primary oil supply contingency program is small ($10 B) by comparison.

  12. Price discrimination and limits to arbitrage: An analysis of global LNG markets

    E-Print Network [OSTI]

    Ritz, Robert A.

    2014-07-31

    Gas prices around the world vary widely despite being connected by international trade of liquefied natural gas (LNG). Some industry observers argue that major exporters have acted irrationally by not arbitraging prices. This is also difficult...

  13. The Speed of Information Revelation and Eventual Price Quality in Markets with Insiders: Comparing Two Theories

    E-Print Network [OSTI]

    Ledyard, John O.

    price quality and the proportion of informed traders in an economy. In particular, we vary the number that is not revealed to the market by the end of trading. Moreover, our markets are run in a continuous double auction

  14. Price discovery in the wholesale markets for maize and beans in Uganda 

    E-Print Network [OSTI]

    Kuteesa, Annette

    2006-08-16

    Market information services established in 1999 were aimed at the promotion of market efficiency through provision of information across the nation. While the responsible bodies have improved the knowledge of prices, ...

  15. Fact #569: May 4, 2009 Gasoline Prices Around the World

    Broader source: Energy.gov [DOE]

    A survey of worldwide gasoline prices for February and March, 2009, shows that European countries had the highest prices for gasoline with the Netherlands topping the list at $6.25 per gallon. The...

  16. Docket No. PA02-2-000 Price Manipulation in Western MarketsV-1 V. The Influence of Electricity Spot Prices on Electricity

    E-Print Network [OSTI]

    Laughlin, Robert B.

    Chapter V Docket No. PA02-2-000 Price Manipulation in Western MarketsV-1 V. The Influence of Electricity Spot Prices on Electricity Forward Prices Summary of Results The vital link between the spot price and forward price for a commodity is the ability to store the commodity. In essence, someone can meet future

  17. Marketing involves the design, pricing, promotion and distribution of goods and services for consumers.

    E-Print Network [OSTI]

    5/2013 MARKETING Marketing involves the design, pricing, promotion and distribution of goods marketing's critical role in analyzing consumer needs and the importance of securing information designed and services for consumers. Marketing encompasses consumer behavior, retail business site selection, store

  18. OIL PRICE IMPACT ON FINANCIAL MARKETS: CO-SPECTRAL ANALYSIS FOR EXPORTING VERSUS IMPORTING COUNTRIES

    E-Print Network [OSTI]

    Boyer, Edmond

    OIL PRICE IMPACT ON FINANCIAL MARKETS: CO-SPECTRAL ANALYSIS FOR EXPORTING VERSUS IMPORTING://www.economie.polytechnique.edu/ mailto:chantal.poujouly@polytechnique.edu hal-00822070,version1-14May2013 #12;1 Oil price impact Khaled Guesmi3 Abstract The aim of this paper is to study the degree of interdependence between oil price

  19. ISP Uplink Pricing in a Competitive Market Qian Wang Dah Ming Chiu

    E-Print Network [OSTI]

    Lui, John C.S.

    ISP Uplink Pricing in a Competitive Market Qian Wang Dah Ming Chiu Department of Information manage their network resources. We explore the idea of uplink pricing as a way to provide differential pricing to P2P and regular users. In particular, we formulate a simple economic model to analyze under

  20. Pine sawlog markets remained slow. Pulp-wood and hardwood sawlog prices declined

    E-Print Network [OSTI]

    logging conditions and downward pressure from rising energy costs. Diesel prices soared 22 percent over by the end of April, mainly driven by higher energy and food prices. Middle East turmoil, rising demand fromPine sawlog markets remained slow. Pulp- wood and hardwood sawlog prices declined due to favorable

  1. A Probability Theory Based Price Determination Framework for Utility Companies in an Oligopolistic Energy Market

    E-Print Network [OSTI]

    Pedram, Massoud

    non-cooperative utility companies that offer time-of-use dependent energy prices to energy consumers to determine the energy price for utility companies in an oligopolistic energy market. At the beginning of each to minimize the expected energy cost. The energy pricing competition among utility companies forms an n

  2. An overview of global gold market and gold price forecasting Shahriar Shafiee a,n

    E-Print Network [OSTI]

    Boisvert, Jeff

    on monthly historical data of nominal gold price. & 2010 Elsevier Ltd. All rights reserved. Introduction classification: E31 O13 Q32 Keywords: Historical gold market Forecasting mineral prices Long-term trend reverting and the price of gold is relatively higher than its historical trend. For mining companies to mitigate risk

  3. ESTIMATING THE VOLATILITY OF SPOT PRICES IN RESTRUCTURED ELECTRICITY MARKETS AND THE IMPLICATIONS FOR OPTION VALUES

    E-Print Network [OSTI]

    Draft 1e ESTIMATING THE VOLATILITY OF SPOT PRICES IN RESTRUCTURED ELECTRICITY MARKETS depends critically on the specification and estimation of the stochastic process that describes the price path. Accurate valuation of claims based on competitive electricity prices has proved problematic

  4. Switching Cost, Market Effects and the Pricing Model of e-Commerce , GUO Minyi b

    E-Print Network [OSTI]

    Guo, Minyi

    ;2 phenomena. For instance, switching costs have linked to prices, entry decisions, new product diffusion1 Switching Cost, Market Effects and the Pricing Model of e-Commerce LI Ke a , GUO Minyi b and LI to investigate the role of switching cost, trading efficiency and fixed learning cost in a competitive market

  5. Coordinated Price-Maker Operation of Large Energy Storage Units in Nodal Energy Markets

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    1 Coordinated Price-Maker Operation of Large Energy Storage Units in Nodal Energy Markets Hamed to coordinate the operation of large, price-maker, and geographically dispersed energy storage / battery systems in a nodal transmission-constrained energy market. The energy storage units are assumed to be investor

  6. Price Discovery in Dynamic Power Markets with Low-Voltage Distribution-Network Participants

    E-Print Network [OSTI]

    Caramanis, Michael

    Price Discovery in Dynamic Power Markets with Low-Voltage Distribution-Network Participants Elli. To this end, we define a distribution market that can discover spatiotemporal real and reactive power prices dynamically to optimize cost and utility of distributed generation assets, consumers, transformer and other

  7. Optimal Bidding Strategy in Electricity Markets Under Uncertain Energy and Reserve Prices

    E-Print Network [OSTI]

    Optimal Bidding Strategy in Electricity Markets Under Uncertain Energy and Reserve Prices Power in Electricity Markets Under Uncertain Energy and Reserve Prices Rajesh Rajaraman Christensen Associates Fernando this project For information about this project contact: Fernando Alvarado Professor Electrical and Computer

  8. Competition and price discrimination in the market for mailing lists

    E-Print Network [OSTI]

    Borzekowski, Ron; Thomadsen, Raphael; Taragin, Charles

    2009-01-01

    Katz, M. L. (1984). Price discrimination and monopolistic395–416. Shepard, A. (1991). Price discrimination and retailJ. (1952). The theory of price. New York: Macmillan. Stole,

  9. World Oil Prices and Production Trends in AEO2008 (released in AEO2008)

    Reports and Publications (EIA)

    2008-01-01

    Annual Energy Outlook 2008 (AEO) defines the world oil price as the price of light, low-sulfur crude oil delivered in Cushing, Oklahoma. Since 2003, both "above ground" and "below ground" factors have contributed to a sustained rise in nominal world oil prices, from $31 per barrel in 2003 to $69 per barrel in 2007. The AEO2008 reference case outlook for world oil prices is higher than in the AEO2007 reference case. The main reasons for the adoption of a higher reference case price outlook include continued significant expansion of world demand for liquids, particularly in non-OECD (Organization for Economic Cooperation and Development) countries, which include China and India; the rising costs of conventional non-OPEC (Organization of the Petroleum Exporting Countries) supply and unconventional liquids production; limited growth in non-OPEC supplies despite higher oil prices; and the inability or unwillingness of OPEC member countries to increase conventional crude oil production to levels that would be required for maintaining price stability. The Energy Information Administration will continue to monitor world oil price trends and may need to make further adjustments in future AEOs.

  10. Price-responsive demand management for a smart grid world

    SciTech Connect (OSTI)

    Chao, Hung-po

    2010-01-15

    Price-responsive demand is essential for the success of a smart grid. However, existing demand-response programs run the risk of causing inefficient price formation. This problem can be solved if each retail customer could establish a contract-based baseline through demand subscription before joining a demand-response program. (author)

  11. Linear Clearing Prices in Non-Convex European Day-Ahead Electricity Markets

    E-Print Network [OSTI]

    Martin, Alexander; Pokutta, Sebastian

    2012-01-01

    The European power grid can be divided into several market areas where the price of electricity is determined in a day-ahead auction. Market participants can provide continuous hourly bid curves and combinatorial bids with associated quantities given the prices. The goal of our auction is to maximize the economic surplus of all participants subject to transmission constraints and the existence of linear prices. In general strict linear prices do not exist in non-convex markets. Therefore we enforce the existence of linear prices where no one incurs a loss and only combinatorial bids might see a not realized gain. The resulting optimization problem is an MPEC that can not be solved efficiently by a standard solver. We present an exact algorithm and a fast heuristic for this type of problem. Both algorithms decompose the MPEC into a master MIP and price subproblems (LPs). The modeling technique and the algorithms are applicable to all MIP based combinatorial auctions.

  12. The response of world energy and oil demand to income growth and changes in oil prices

    SciTech Connect (OSTI)

    Dargay, J. [Oxford Univ. (United Kingdom). Transport Studies Unit; Gately, D. [New York Univ., NY (United States). Economics Dept.

    1995-11-01

    This paper reviews the path of world oil demand over the past three decades, and the effects of both the oil price increases of the 1970s and the oil price decreases of the 1980s. Compared with demand in the industrialized countries, demand in the Less Developed Countries (LDC) has been more responsive to income growth, less responsive to price increases, and more responsive to price decreases. The LDC has also exhibited much greater heterogeneity in income growth and is effect on demand. The authors expect a smaller demand response to future price increases than to those of the 1970s. The demand response to future income growth will be not substantially smaller than in the past. Finally, given the prospect of growing dependence on OPEC oil, in the event of a major disruption the lessened price-responsiveness of demand could cause dramatic price increases and serious macroeconomic effects.

  13. Price-elastic demand in deregulated electricity markets

    E-Print Network [OSTI]

    Siddiqui, Afzal S.

    2003-01-01

    in Competitive Electricity Markets," Ph. D. thesis, IEORrms trading in the electricity markets and their degree ofThe Trouble With Electricity Markets and Califor- nia's

  14. Detecting Turning Points of Trading Price and Return Volatility for Market Surveillance Agents

    E-Print Network [OSTI]

    Cao, Longbing

    Trading agent concept is very useful for trading strategy design and market mechanism design for trading strategy design and market mechanism design [2]. Besides that, we are also particularly interestedDetecting Turning Points of Trading Price and Return Volatility for Market Surveillance Agents

  15. Pricing mechanism for real-time balancing in regional electricity markets

    E-Print Network [OSTI]

    de Weerdt, Mathijs

    for precisely controlling the real-time balance in electricity markets, where retail brokers aggregate of their retail customer loads and sources. We enumerate the desirable properties of a market-based balancingPricing mechanism for real-time balancing in regional electricity markets Mathijs de Weerdt

  16. Quantum spatial-periodic harmonic model for daily price-limited stock markets

    E-Print Network [OSTI]

    Meng, Xiangyi; Xu, Jingjing; Guo, Hong

    2015-01-01

    We investigate the behavior of stocks in daily price-limited stock markets by purposing a quantum spatial-periodic harmonic model. The stock price is presumed to oscillate and damp in a quantum spatial-periodic harmonic oscillator potential well. Complicated non-linear relations including inter-band positive correlation and intra-band negative correlation between the volatility and the trading volume of stocks are derived by considering the energy band structure of the model. The validity of price limitation is then examined and abnormal phenomena of a price-limited stock market (Shanghai Stock Exchange) of China are studied by applying our quantum model.

  17. Workshop on Renewable Energy Certificate (REC) Markets and Challenges Panel #1: Discussion Panel on REC Markets, Prices, Trading, and Liquidity

    E-Print Network [OSTI]

    supply and demand balance? What is the outlook for new renewable energy supplies? How do you viewWorkshop on Renewable Energy Certificate (REC) Markets and Challenges Panel #1: Discussion Panel on REC Markets, Prices, Trading, and Liquidity Moderator, Karlynn Cory, National Renewable Energy

  18. Credit Market Distortions, Asset Prices and Monetary Policy

    E-Print Network [OSTI]

    Pfajfar, D; Santoro, E

    . In their sticky price framework a shock to asset prices increases aggregate demand, hence driving up the price level. Bernanke and Gertler (1999, 2001) conclude that there is no need for a direct response to asset prices, as a central bank that responds to general... -push shock, which raises a non-trivial trade-o¤ between in?ation and output gap stabiliza- tion (Clarida, Gali and Gertler, 1999, Result 1 ). Given prices Pjt for the jth good, households? demand for good j and the aggregate price index Pt read as follows...

  19. What else did the price crash do. World oil's new-think

    SciTech Connect (OSTI)

    Not Available

    1986-06-18

    The pricing of crude oil in relation to its refined product value should probably be viewed not as the cause of the international price crash touched off in late 1985, but as the consequence. Negotiating tables appear more cozy, with smaller distances between what buyers and sellers recognize as market-oriented prices. To an important degree, OPEC now officially prices by the netback system, and many other producers will likely follow soon. In California, an OPEC light crude and two domestics reveal new-think. This issue also includes the following: (1) ED refining netback data for the US Gulf and West Coasts, Rotterdam, and Singapore for June 1986; (2) ED fuel price/tax series for countries of the Eastern Hemisphere for May 1986 (unless otherwise indicated); and (3) principal industrial fuel prices for countries of the Eastern Hemisphere for March 1986.

  20. Economic Impacts of Changes in United States Rice Price Variability on Market Efficiency, Marketing Margin and Producer Viability. 

    E-Print Network [OSTI]

    Grant, W.R.; Richardson, J.W.; Brorsen, B.W.; Rister, M.E

    1984-01-01

    Station , Texas (Blank P~le fa 0rigiIlat BuDetiDJ "/ ' k ? Econolllic Illlpacts of Changes in United States Rice Price Variability on Market Efficiency, Marketing Margin, and Producer Viability W. R. GRANT, agricultural economist National... recorded. The sharp rise in prices triggered a suspension of domestic marketing quotas for P R I C E DOL/CWT 32.5 - 30.0 - 27.5 25.0 - 22.5 - 20.0 - 17.5 - 15.0 - 12.5 - 10.0 - 7.5 - Texas Mill Thailand Mill , , , , , , the 1974...

  1. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    SciTech Connect (OSTI)

    Kim, Joyce Jihyun; Kiliccote, Sila

    2012-06-01

    In New York State, the default electricity pricing for large customers is Mandatory Hourly Pricing (MHP), which is charged based on zonal day-ahead market price for energy. With MHP, retail customers can adjust their building load to an economically optimal level according to hourly electricity prices. Yet, many customers seek alternative pricing options such as fixed rates through retail access for their electricity supply. Open Automated Demand Response (OpenADR) is an XML (eXtensible Markup Language) based information exchange model that communicates price and reliability information. It allows customers to evaluate hourly prices and provide demand response in an automated fashion to minimize electricity costs. This document shows how OpenADR can support MHP and facilitate price responsive demand for large commercial customers in New York City.

  2. Price Changes in the Gasoline Market - Are Midwestern Gasoline Prices Downward Sticky?

    Reports and Publications (EIA)

    1999-01-01

    The report concentrates on regional gasoline prices in the Midwest from October 1992 through June 1998.

  3. Market Research Report - Global Open Source Software Market Size...

    Open Energy Info (EERE)

    we deeply analyzed the world's main region market conditions that including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  4. Using Environmental Emissions Permit Prices to Raise Electricity Prices: Evidence from the California Electricity Market

    E-Print Network [OSTI]

    Kolstad, Jonathan; Wolak, Frank

    2003-01-01

    Restructured Wholesale Electricity Market, American Economic2001) “California’s Electricity Market,” April, availableIn California's Wholesale Electricity Market During Summer

  5. Modifications to incorporate competitive electricity prices in the annual energy outlook 1998 - electricity market module

    SciTech Connect (OSTI)

    1998-02-01

    The purpose of this report is to describe modifications to the Electricity Market Module (EMM) for the Annual Energy Outlook 1998. It describes revisions necessary to derive competitive electricity prices and the corresponding reserve margins.

  6. Time Series Methods for ForecastingElectricityMarket Pricing Zoran Obradovic Kevin Tomsovic

    E-Print Network [OSTI]

    Obradovic, Zoran

    of traditional commodities, such as,oil or agricultural products. Clearly, assessing the effectivenessTime Series Methods for ForecastingElectricityMarket Pricing Zoran Obradovic Kevin Tomsovic PO Box

  7. Essays on price dynamics, discovery, and dynamic threshold effects among energy spot markets in North America 

    E-Print Network [OSTI]

    Park, Haesun

    2005-11-01

    Given the role electricity and natural gas sectors play in the North American economy, an understanding of how markets for these commodities interact is important. This dissertation independently characterizes the price dynamics of major electricity...

  8. The Dividend Pricing Model: New Evidence from the Korean Housing Market.

    E-Print Network [OSTI]

    Hwang, Min; Quigley, John M.; Son, Jae Young

    2006-01-01

    present value relation for housing prices: should I leave myto owner-occupied housing: an asset market approach. Q Jconditions and quality of housing. Soc Indic Res White H (

  9. Deconstructing Solar Photovoltaic Pricing: The Role of Market Structure, Technology and Policy

    Broader source: Energy.gov [DOE]

    Solar photovoltaic (PV) system prices in the United States are considerably different both across geographic locations and within a given location. Variances in price may arise due to state and federal policies, differences in market structure, and other factors that influence demand and costs. This paper examines the relative importance of such factors on the stability of solar PV system prices in the United States using a detailed dataset of roughly 100,000 recent residential and small commercial installations. The paper finds that PV system prices differ based on characteristics of the systems. More interestingly, evidence suggests that search costs and imperfect competition affect solar PV pricing. Installer density substantially lowers prices, while regions with relatively generous financial incentives for solar PV are associated with higher prices.

  10. An Analysis of Price Volatility in Different Spot Markets for Electricity in the U.S.A.

    E-Print Network [OSTI]

    An Analysis of Price Volatility in Different Spot Markets for Electricity in the U.S.A. by Tim University e-mail: tdm2@cornell.edu Abstract Earlier research has shown that the behavior of spot prices. This model captures the observed price spikes that occur in these markets, particularly during the summer

  11. Price Estimation of PersianCAT Market Equilibrium Sina Honari

    E-Print Network [OSTI]

    McBurney, Peter

    khosr@encs.concordia.ca Abstract Market design is becoming more and more demanding, especially in terms competition has provided a platform to promote new market designs and encourage research about multiple design inside a market; and 2) the investigation of multiple markets. In the first approach, Niu et al

  12. Pricing of Fluctuations in Electricity Markets John N. Tsitsiklis and Yunjian Xu

    E-Print Network [OSTI]

    Tsitsiklis, John

    in Electricity Markets 2 to the deployment of peaking plants with higher ramping rates but higher marginal costPricing of Fluctuations in Electricity Markets John N. Tsitsiklis and Yunjian Xu Laboratory or Information and Decision Systems, MIT, Cambridge, MA, 02139, {jnt@mit.edu, yunjian@mit.edu} In an electric

  13. Prices of Options as Opinion Dynamics of the Market Players with Limited Social Influence

    E-Print Network [OSTI]

    Oster, Elad

    2015-01-01

    The dynamics of market prices is described as the evolution of opinions in the trading community regarding future market behavior. The price then is a function of the voting process of the market players in favor to raise or reduce the value of a stock. The model presented in this paper is suited for pricing of options and was verified against real market data. The model allows deriving the parameters of market players from available real market data, especially maximum possible correlation (herding) and anti-correlation between the players' opinions. The deviations of market prices from those predicted by the Black-Scholes model, such as smile and skew implied volatilities, are interpreted as the current values and limits of social influence of the market players, respectively. To the best of our knowledge, this is the first work that discriminates skew and smile phenomena. Our approach unifies and develops a further connection between trading, voters' model, and statistical physics analogies of opinion dyna...

  14. Effects of Price-Responsive Residential Demand on Retail and Wholesale Power Market Operations

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    1 Effects of Price-Responsive Residential Demand on Retail and Wholesale Power Market Operations/C) on integrated retail and wholesale power market operations. The physical operations of the A/C sys- tem, and distribution of electric power was mo- nopolistically controlled by vertically integrated utilities with retail

  15. Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double-Auction Pricing

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    electricity market operating in the short run under systematically varied concentration and capacity1 Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double market, restructuring, repeated double auction, market power, efficiency, concentration, capacity

  16. Want to Put an End to Capacity Markets? Think Real-Time Pricing

    SciTech Connect (OSTI)

    Reeder, Mark

    2006-07-15

    The amount of generation capacity that must be installed to meet resource adequacy requirements often causes the energy market to be suppressed to the point that it fails to produce sufficient revenues to attract new entry. A significant expansion in the use of real-time pricing can, over time, cause the energy market to become a more bountiful source of revenues for generators, allowing the elimination of the capacity market. (author)

  17. Essays on oil price shocks and financial markets 

    E-Print Network [OSTI]

    Wang, Jiayue

    2012-06-26

    This thesis is composed of three chapters, which can be read independently. The first chapter investigates how oil price volatility affects the investment decisions for a panel of Japanese firms. The model is estimated ...

  18. Capital Asset Pricing Model and Arbitrage Pricing Theory in the Italian Stock Market: an Empirical Study 

    E-Print Network [OSTI]

    Cagnetti, Arduino

    2002-01-01

    The Italian stock market (ISM) has interesting characteristics. Over 40 per cent of the shares, in a sample of 30 shares, together with the Mibtel market index, are normally distributed. This suggests that the returns ...

  19. Model documentation: Electricity market module, electricity finance and pricing submodule

    SciTech Connect (OSTI)

    Not Available

    1994-04-07

    The purpose of this report is to define the objectives of the model, describe its basic approach, and provide detail on how it works. The EFP is a regulatory accounting model that projects electricity prices. The model first solves for revenue requirements by building up a rate base, calculating a return on rate base, and adding the allowed expenses. Average revenues (prices) are calculated based on assumptions regarding regulator lag and customer cost allocation methods. The model then solves for the internal cash flow and analyzes the need for external financing to meet necessary capital expenditures. Finally, the EFP builds up the financial statements. The EFP is used in conjunction with the National Energy Modeling System (NEMS). Inputs to the EFP include the forecast generating capacity expansion plans, operating costs, regulator environment, and financial data. The outputs include forecasts of income statements, balance sheets, revenue requirements, and electricity prices.

  20. Big questions cloud Iraq's future role in world oil market

    SciTech Connect (OSTI)

    Tippee, B.

    1992-03-09

    This paper reports that Iraq raises questions for the world oil market beyond those frequently asked about when and under what circumstances it will resume exports. Two wars since 1981 have obscured encouraging results from a 20 year exploration program that were only beginning to come to light when Iraq invaded Kuwait in August 1990. Those results indicate the country might someday be able to produce much more than the 3.2 million b/d it was flowing before a United Nations embargo blocked exports. If exploratory potential is anywhere near what officials asserted in the late 1980s, and if Iraq eventually turns hospitable to international capital, the country could become a world class opportunity for oil companies as well as an exporter with productive capacity approaching that of Saudi Arabia. But political conditions can change quickly. Under a new, secular regime, Iraq might welcome non-Iraqi oil companies and capital as essential to economic recovery. It's a prospect that warrants a new industry look at what the country has revealed about its geology and exploration history.

  1. Analysis on various pricing scenarios in a deregulated electricity market 

    E-Print Network [OSTI]

    Afanador Delgado, Catalina

    2006-10-30

    to February 28, 2006, purchasing electricity on the tiered price would have cost $13,810,560. The forward contract, that is, purchasing electricity on a fixed rate, was the next cheapest with an energy cost of $14,266,870 from March 1, 2005 to February 28...

  2. Pricing Schemes for Metropolitan Traffic Data Markets Negin Golrezaei1

    E-Print Network [OSTI]

    Shahabi, Cyrus

    Marshall School of Business, University of Southern California, Los Angeles, CA 90089 {golrezae, nazerzad of the pricing schemes applicable to data marketplaces in the context of transportation traffic data. Traffic congestion is a growing problem in many metropolitan areas. It not only wastes our time and energy

  3. Open Transmission and Spot Markets for Power: Models of Power and Transmission Pricing on the Western Network

    E-Print Network [OSTI]

    White, Douglas R.

    of an efficient and stable wholesale power market. If the retail market were to achieve a comparable efficiencyMBS 97-07 Open Transmission and Spot Markets for Power: Models of Power and Transmission Pricing markets for electric power by requiring utilities to open their transmission systems to wholesale power

  4. Assessing the Degree of Spot Market Integration For U.S. Natural Gas: Evidence from Daily Price Data

    E-Print Network [OSTI]

    Assessing the Degree of Spot Market Integration For U.S. Natural Gas: Evidence from Daily Price Economics Abstract: This paper assesses the degree of market integration in the U.S. natural gas market: Zhongmin.wang@BusEco.monash.edu.au #12;Assessing the Degree of Spot Market Integration For U.S. Natural Gas

  5. World Oil Prices and Production Trends in AEO2010 (released in AEO2010)

    Reports and Publications (EIA)

    2010-01-01

    In Annual Energy Outlook 2010, the price of light, low-sulfur (or "sweet") crude oil delivered at Cushing, Oklahoma, is tracked to represent movements in world oil prices. The Energy Information Administration makes projections of future supply and demand for "total liquids,"" which includes conventional petroleum liquids -- such as conventional crude oil, natural gas plant liquids, and refinery gain -- in addition to unconventional liquids, which include biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

  6. A Quantitative Analysis of Pricing Behavior In California's Wholesale Electricity Market During Summer 2000

    E-Print Network [OSTI]

    Joskow, Paul; Kahn, Edward

    2004-06-16

    in Northern California, gas-fired steam and peaking turbines, and cogenerators and other generation sources that are ?Qualifying Facilities? (QFs) under the Public Utility Regulatory Policy Act of 1978 (PURPA). About half of in-state generating capacity... and Lynch (2000), California Independent System Operator Department of Market Analysis (2000), California Power Exchange Corporation Compliance Unit (2000) among others. 3 FERC (1998) gives a detailed account of price spikes in Midwestern markets...

  7. Oil Prices, Stock Markets and Portfolio Investment: Evidence from Sector Analysis in Europe over the Last Decade

    E-Print Network [OSTI]

    Paris-Sud XI, Université de

    Oil Prices, Stock Markets and Portfolio Investment: Evidence from Sector Analysis in Europe over This article extends the understanding of oil­stock market relationships over the last turbulent decade. Unlike returns to oil price changes differ greatly depending on the activity sector. In the out

  8. A study of the balance sheet approach applied to the world sugar market 

    E-Print Network [OSTI]

    Garcia-Pazos, Jorge Luis

    1976-01-01

    production. A constant upward trend In consumption is evident, and projections are therefore more reliable. Forecast balance sheet tables were bui'It for 1975 to 1980. Under iv the assumption that other important factors, ln addition to trend, would... tion Anal sis and Forecast. 96 Harvested Area Trend Analysis Yield Trend Analysis. World Production Responses to World Prices. World Sugar Consumption Analysis. 104 104 110 111 Vl. World Su ar Forecast Balance Sheet. 116 Projections...

  9. The evolving price of household LED lamps: Recent trends and historical comparisons for the US market

    SciTech Connect (OSTI)

    Gerke, Brian F.; Ngo, Allison T.; Alstone, Andrea L.; Fisseha, Kibret S.

    2014-10-14

    In recent years, household LED light bulbs (LED A lamps) have undergone a dramatic price decline. Since late 2011, we have been collecting data, on a weekly basis, for retail offerings of LED A lamps on the Internet. The resulting data set allows us to track the recent price decline in detail. LED A lamp prices declined roughly exponentially with time in 2011-2014, with decline rates of 28percent to 44percent per year depending on lumen output, and with higher-lumen lamps exhibiting more rapid price declines. By combining the Internet price data with publicly available lamp shipments indices for the US market, it is also possible to correlate LED A lamp prices against cumulative production, yielding an experience curve for LED A lamps. In 2012-2013, LED A lamp prices declined by 20-25percent for each doubling in cumulative shipments. Similar analysis of historical data for other lighting technologies reveals that LED prices have fallen significantly more rapidly with cumulative production than did their technological predecessors, which exhibited a historical decline of 14-15percent per doubling of production.

  10. Fact #742: August 27, 2012 Oil Price and Economic Growth

    Office of Energy Efficiency and Renewable Energy (EERE)

    Major oil price shocks have disrupted world energy markets five times in the past 30 years (1973-74, 1979-80, 1990-91, 1999-2000, and 2008). Most of the oil price shocks were followed by an...

  11. Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double-Auction Pricing

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    to household, industry, or commercial users in a retail market. Short-run production efficiency in a wholesal1 Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double electricity market operating in the short run under systematically varied concentration and capacity

  12. Electricity Markets: Should the Rest of the World Adopt the UK Reforms?

    E-Print Network [OSTI]

    California at Berkeley. University of

    PWP-069 Electricity Markets: Should the Rest of the World Adopt the UK Reforms? Catherine D;1 Electricity Markets: Should the Rest of the World Adopt the UK Reforms?1 By Catherine D. Wolfram2 Britain was one of the first countries to liberalize its electricity industry when it restructured and privatized

  13. A study of beef cattle marketing in Venezuela and the marketing margins between the farm and retail levels of prices 

    E-Print Network [OSTI]

    Acosta, Sady Ines Borjas-Paez

    1975-01-01

    partial fulf i 1 lment of the recu'. rement i or rhe degree of MASTEF, OF SCIENCE December 1975 Major Subject: Agricultural Economics A STUDY OF B EF' CATTLE M. 'RKEl'lNG :N VENEZUELA AND THE MARKETING MAPGINS BETWEEN THE FVARM AND RETAIL LEVELS Ot... for the period 1960-1972 were studied from the farm through 'retail levels, the variations in price spread were large. Lack of knowledge concerning share of marketing margins has brought inadequate govern- ment policies. The structural demand equation...

  14. Collective behavior of stock price movements in an emerging market Raj Kumar Pan* and Sitabhra Sinha

    E-Print Network [OSTI]

    Sinha, Sitabhra

    Sinha The Institute of Mathematical Sciences, C. I. T. Campus, Taramani, Chennai 600 113, India Received of stock price fluctuations in the National Stock Exchange NSE of India. We find that this emerging market activity is also influenced significantly by the arrival of external informa- tion. Statistical properties

  15. Using market-based dispatching with environmental price signals to reduce emissions

    E-Print Network [OSTI]

    Using market-based dispatching with environmental price signals to reduce emissions and water use to: discover new interactions among natural and human climate system components; objectively assess future; and improve methods to model, monitor and verify greenhouse gas emissions and climatic impacts

  16. Reforming Household Energy Markets: Some Welfare Effects in the United Catherine Waddams Price

    E-Print Network [OSTI]

    Feigon, Brooke

    and elsewhere are discussed, as prices rise to reflect shortages in wholesale markets and carbon reduction for the various projects has been provided by the Economic and Social Research Council under awards RO22250147. Introduction Privatisation and reregulation have transformed the various parts of the British1 energy supply

  17. Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets

    E-Print Network [OSTI]

    of California Energy Institute 4135 Etcheverry Hall 2547 Channing Way University of California at Berkeley-- We compare two alternative mechanisms for cap- ping prices in two-settlement electricity markets explore the implications of the two alternative mechanisms in a two settlement Cournot equilibrium

  18. Two-Settlement Electric Power Markets with Dynamic-Price Contracts

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Two-Settlement Electric Power Markets with Dynamic-Price Contracts 27 July 2011 IEEE PES GM: Personnel from PNNL/DOE, XM, RTE, MEC, & MISO IRW Project:IRW Project: Integrated Retail/Wholesale PowerIntegrated Retail/Wholesale Power System Operation with SmartSystem Operation with Smart--Grid Functionality

  19. Natural Gas Marketer Prices and Sales To Residential and Commercial Customers: 2002-2005

    Reports and Publications (EIA)

    2007-01-01

    This report compares residential and commercial prices collected from natural gas marketers and local distribution companies in Maryland, New York, Ohio and Pennsylvania from 2002-2005 and gives the history and status of natural gas choice programs in those states.

  20. Competition in an evolving stochastic market 

    E-Print Network [OSTI]

    Mitchell, Lawrence

    2009-01-01

    "In an efficient market all identical goods must have only one price." So states the aptly named law of one price. In the real world, however, one may easily verify that identical products are often sold for different ...

  1. The Effects of Prediction Market Design and Price Elasticity on Trading Performance of Users: An Experimental Analysis

    E-Print Network [OSTI]

    Blohm, Ivo; Füller, Johann; Köroglu, Orhan; Leimeister, Jan Marco; Krcmar, Helmut

    2012-01-01

    We employ a 2x3 factorial experiment to study two central factors in the design of prediction markets (PMs) for idea evaluation: the overall design of the PM, and the elasticity of market prices set by a market maker. The results show that 'multi-market designs' on which each contract is traded on a separate PM lead to significantly higher trading performance than 'single-markets' that handle all contracts one on PM. Price elasticity has no direct effect on trading performance, but a significant interaction effect with market design implies that the performance difference between the market designs is highest in settings of moderate price elasticity. We contribute to the emerging research stream of PM design through an unprecedented experiment which compares current market designs.

  2. Natural Gas Prices Forecast Comparison--AEO vs. Natural Gas Markets

    E-Print Network [OSTI]

    Wong-Parodi, Gabrielle; Lekov, Alex; Dale, Larry

    2005-01-01

    Natural Gas Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Natural Gas Prices . . . . . . . . . . . . . . . . . . . . . . . . . .versus AEO and Henry Hub Natural Gas Prices . . . . . .

  3. Market reaction to bad news: The case of bankruptcy filings 

    E-Print Network [OSTI]

    Coelho, Luis

    2008-01-01

    Finance scholars disagree on how real world financial markets work. On the one hand, efficient market hypothesis (EMH) advocates claim that arbitrage ensures that market prices do not systematically deviate from their ...

  4. 10/02/2007 07:40 PMStock market news and prices Page 1 of 3http://markets.chron.com/chron?ChannelID=3206&GUID=3074055&Page=MediaViewer

    E-Print Network [OSTI]

    Glaser, Rainer

    10/02/2007 07:40 PMStock market news and prices Page 1 of 3http & Public Notices #12;10/02/2007 07:40 PMStock market news and prices Page 2 of 3http

  5. Utility Marketing Strategies and Pricing Trends (An Overview) 

    E-Print Network [OSTI]

    Reynolds, S.

    1989-01-01

    's economic health depends I chair this tutorial having firsthand upon the continued success of its customers. experience of the value to a utility of fostering trusting relationships with the industrial To work, a utility's marketing strategy and customers... and provide a sound fiscal it can as a utility to meet those needs. footing for the utility, and yet still be attractive to industry and encourage the economic This tutorial panel consists of national development of the region. However, lower rates experts...

  6. Research Study - Global Enterprise VoIP Equipment Market Forecasts...

    Open Energy Info (EERE)

    we deeply analyzed the world's main region market conditions that including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  7. Global GPS Phones Market Size, Segmentation, Demand Forecast...

    Open Energy Info (EERE)

    we deeply analyzed the world's main region market conditions that including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  8. Global Energy Efficient IT Equipment Industry 2015 Market Research...

    Open Energy Info (EERE)

    on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  9. Global Shuttleless Loom Industry 2015 Market Research Report...

    Open Energy Info (EERE)

    on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  10. Global Dicyandiamide Industry 2015 Market Research Report | OpenEI...

    Open Energy Info (EERE)

    on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  11. Global High-purity Pentoxide Industry 2015 Market Research Report...

    Open Energy Info (EERE)

    on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  12. Global Mainframe As A Cloud Machine Market Size, Share, Growth...

    Open Energy Info (EERE)

    we deeply analyzed the world's main region market conditions that including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  13. Global POF Shrink Film Industry 2015 Market Research Report ...

    Open Energy Info (EERE)

    on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  14. Availability, prices and affordability of the World Health Organization's essential medicines for children in Guatemala

    E-Print Network [OSTI]

    Anson, Angela; Ramay, Brooke; de Esparza, Antonio; Bero, Lisa

    2012-01-01

    as: Anson et al. : Availability, prices and affordability ofRESEARCH Open Access Availability, prices and affordabilitywas to measure the availability, prices, and affordability

  15. The efficiency of the U.S. cotton futures market (1986-2006): normal backwardation, co-integration, and asset pricing 

    E-Print Network [OSTI]

    Chavez, Marissa Joyce

    2009-06-02

    The efficiency of commodity futures markets is a widely debated topic in academia. The cotton futures market is no exception. The existence of trends in the futures market is characterized as a price bias, which is a ...

  16. The impact of market structure on price determination : a simulation approach using multi-agent reinforcement learning in continuous state and action space

    E-Print Network [OSTI]

    Shu, Buliao

    2014-01-01

    This thesis proposes a simulation tool to study the question of how market structure and market players' behavior affect price movements. The adaptive market simulation system consists of multiple agents and a centralized ...

  17. International market integration for natural gas? : a cointegration analysis of priced in Europe, North America and Japan

    E-Print Network [OSTI]

    L'Hegaret, Guillaume

    2004-01-01

    We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990?s and 2002. Our hypothesis is that there was a certain split of prices between Europe and North America. The ...

  18. Essays on Return and Volatility on World Stock Markets

    E-Print Network [OSTI]

    Liu, Jia

    2013-08-31

    sizes and etc. Those questions are addressed in this dissertation research. In Chapter 2, co-movements across worldwide stock markets are investigated. A dynamic factor model is designed to decompose stock return volatility into three orthogonal factors...

  19. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight M.; Stanton, Richard; Wallace, Nancy E.

    2010-01-01

    Agency. IEA, 2009, Energy prices and taxes, Working paper,prices, the shape of the energy price curves, and weatherto high and volatile energy prices. Most economists would

  20. Who Are the Major Players Supplying the World Oil Market?

    Reports and Publications (EIA)

    2013-01-01

    Energy in Brief article on the world supply of oil through ownership of national oil companies and, for some governments, their membership in the Organization of the Petroleum Exporting Countries (OPEC).

  1. Cheese Prices 

    E-Print Network [OSTI]

    Schwart Jr., Robert B.; Anderson, David P.; Knutson, Ronald D.

    2003-08-25

    Cheese prices are derived from the USDA Agricultural Marketing Service Market News, the National Agricultural Statistics Service, and the Chicago Mercantile Exchange. This publication explains the process of cheese pricing. It includes information...

  2. Electronic copy available at: http://ssrn.com/abstract=2046853 Can Agent-Based Models Forecast Spot Prices in Electricity Markets? Evidence from the New

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Spot Prices in Electricity Markets? Evidence from the New Zealand Electricity Market David Young1 , Stephen Poletti2 , Oliver Browne2 24th January 2012 Abstract Modelling price formation in electricity markets is a notoriously difficult process, due to physical constraints on electricity generation and flow

  3. Western cattle prices vary across video markets and value-adding programs

    E-Print Network [OSTI]

    Blank, Steven C.; Boriss, Hayley; Forero, Larry C.; Nader, Glenn A.

    2006-01-01

    results show average price differences between the regionthe highest average prices. † These values are statisticallyfactors affecting cow auction price differentials. Southern

  4. Customer response to day-ahead wholesale market electricity prices: Case study of RTP program experience in New York

    SciTech Connect (OSTI)

    Goldman, C.; Hopper, N.; Sezgen, O.; Moezzi, M.; Bharvirkar, R.; Neenan, B.; Boisvert, R.; Cappers, P.; Pratt, D.

    2004-07-01

    There is growing interest in policies, programs and tariffs that encourage customer loads to provide demand response (DR) to help discipline wholesale electricity markets. Proposals at the retail level range from eliminating fixed rate tariffs as the default service for some or all customer groups to reinstituting utility-sponsored load management programs with market-based inducements to curtail. Alternative rate designs include time-of-use (TOU), day-ahead real-time pricing (RTP), critical peak pricing, and even pricing usage at real-time market balancing prices. Some Independent System Operators (ISOs) have implemented their own DR programs whereby load curtailment capabilities are treated as a system resource and are paid an equivalent value. The resulting load reductions from these tariffs and programs provide a variety of benefits, including limiting the ability of suppliers to increase spot and long-term market-clearing prices above competitive levels (Neenan et al., 2002; Boren stein, 2002; Ruff, 2002). Unfortunately, there is little information in the public domain to characterize and quantify how customers actually respond to these alternative dynamic pricing schemes. A few empirical studies of large customer RTP response have shown modest results for most customers, with a few very price-responsive customers providing most of the aggregate response (Herriges et al., 1993; Schwarz et al., 2002). However, these studies examined response to voluntary, two-part RTP programs implemented by utilities in states without retail competition.1 Furthermore, the researchers had limited information on customer characteristics so they were unable to identify the drivers to price response. In the absence of a compelling characterization of why customers join RTP programs and how they respond to prices, many initiatives to modernize retail electricity rates seem to be stymied.

  5. Global Macrogol 6000 Market Size and Growth up to 2015 : Radiant...

    Open Energy Info (EERE)

    we deeply analyzed the world's main region market conditions that including the product price, profit, capacity, production, capacity utilization, supply, demand and industry...

  6. Producers, consumers, and multinationals : problems in analyzing a non-competitive market

    E-Print Network [OSTI]

    Adelman, Morris Albert

    1977-01-01

    A paper written two years ago gave a general analysis of the current world oil market, indicating why the price had nothing to do

  7. U.S. Residential Photovoltaic (PV) System Prices, Q4 2013 Benchmarks: Cash Purchase, Fair Market Value, and Prepaid Lease Transaction Prices

    SciTech Connect (OSTI)

    Davidson, C.; James, T. L.; Margolis, R.; Fu, R.; Feldman, D.

    2014-10-01

    The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has dropped precipitously in recent years, led by substantial reductions in global PV module prices. This report provides a Q4 2013 update for residential PV systems, based on an objective methodology that closely approximates the book value of a PV system. Several cases are benchmarked to represent common variation in business models, labor rates, and module choice. We estimate a weighted-average cash purchase price of $3.29/W for modeled standard-efficiency, polycrystalline-silicon residential PV systems installed in the United States. This is a 46% decline from the 2013-dollar-adjusted price reported in the Q4 2010 benchmark report. In addition, this report frames the cash purchase price in the context of key price metrics relevant to the continually evolving landscape of third-party-owned PV systems by benchmarking the minimum sustainable lease price and the fair market value of residential PV systems.

  8. Putting downward pressure on natural gas prices: The impact of renewable energy and energy efficiency

    E-Print Network [OSTI]

    Wiser, Ryan; Bolinger, Mark; St. Clair, Matthew

    2004-01-01

    Hogan, W. 1989. Wo rld Oil Price Projections: A Sensitivitypursuant to the Harvard-Japan World Oil Market Study, Energyrichene, N. 2002. “World Crude Oil and Natural Gas: A Demand

  9. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight M.; Stanton, Richard; Wallace, Nancy E.

    2010-01-01

    Agency. IEA, 2009, Energy prices and taxes, Working paper,to high and volatile energy prices. Most economists wouldIndeed, if and when U.S. energy prices do rise, the economic

  10. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight; Stanton, Richard; Wallace, Nancy

    2012-01-01

    operating expenses per square foot nor is the Energy Starenergy prices will rise are associated with higher expenses per square foot.price per square foot and it is regressed on energy price

  11. On the stability of wholesale electricity markets under real-time pricing

    E-Print Network [OSTI]

    Roozbehani, Mardavij

    The paper proposes a mathematical model for the dynamic evolution of supply, demand, and clearing prices under a class of real-time pricing mechanisms characterized by passing on the real-time wholesale prices to the end ...

  12. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight; Stanton, Richard; Wallace, Nancy

    2012-01-01

    Agency. IEA, 2009, Energy prices and taxes, Working paper,to high and volatile energy prices. Most economists wouldIndeed, if and when U.S. energy prices do rise, the economic

  13. Comparing Price Forecast Accuracy of Natural Gas Models and Futures Markets

    E-Print Network [OSTI]

    Wong-Parodi, Gabrielle; Dale, Larry; Lekov, Alex

    2005-01-01

    index.html. Appendix A.1 Natural Gas Price Data for FuturesError STEO Error A.1 Natural Gas Price Data for Futuresof forecasts for natural gas prices as reported by the

  14. Price regulation for waste hauling franchises in California: an examination of how regulators regulate pricing and the effects of competition on regulated markets

    E-Print Network [OSTI]

    Seltzer, Steven A.

    2011-01-01

    of Haulers on Price Ratios.. Table 14: Projected PriceCompared to Actual Price Ratios…………… Table 15: Analysis= ? + ß 1 LNHAUL + u TABLE 12 Price Differentials and the

  15. Price regulation for waste hauling franchises in California: an examination of how regulators regulate pricing and the effects of competition on regulated markets

    E-Print Network [OSTI]

    Seltzer, Steven A.

    2011-01-01

    Thomadakis, Stavros. “Price Regulation Under Uncertainty in698. Bös, Dieter. Pricing and Price Regulation. Elsevier.Optimal Structure of Public Prices. ” The American Economic

  16. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    electricity markets by creating a link between wholesale and retail markets (electricity markets by creating a link between wholesale and retail markets (electricity supply (KEMA 2012). While such trend stimulates the growth of a competitive retail market,

  17. Petroleum Marketing Annual, 1987

    SciTech Connect (OSTI)

    Not Available

    1988-10-31

    In world crude oil markets, 1987 was a year of limited recovery and relative stability after the dramatic price slide of early 1986. Both foreign and domestic crude thereafter, ending the year somewhat higher than a year ago. In contrast, product wholesale markets remained relatively stable throughout the year, while retail prices sustained a fairly steady increase. As has been the case for over a decade, major price movements in international oil markets generally reflected responses to actual or perceived changes in the policies of the Organization of Petroleum Exporting Countries (OPEC) and/or its members. The year began with prices on an upward trend, in reaction to the December 1986 OPEC meeting in which the members resolved to return to an official pricing structure (a departure from the market-based pricing of 1986), and to reduce output quotas. Prices continued to rise until August, when evidence of continued OPEC overproduction appeared to outweigh market optimism, triggering a gradual slide that lasted the remainder of the year. Even with the downturn in the fourth quarter, crude oil markets in 1987, as measured by refiner acquisition costs, finished the year above year-end 1986 levels, and considerably above the lows reached in mid-1986. OPEC's struggle to maintain stable prices and production levels in 1987 reflected the organization's difficulties in reaching and enforcing agreements among its politically and economically diverse membership. 11 figs., 49 tabs.

  18. Milk Pricing 

    E-Print Network [OSTI]

    Anderson, David P.; Haigh, Michael; Stockton, Matthew; Schwart Jr., Robert B.

    2001-09-10

    This publication discusses the federal orders that govern the marketing of milk. The production location and form of the milk product affect the way it is priced. The different classes of milk and their prices are explained in detail....

  19. When is a Pay-as Bid Preferable to Uniform Price in Electricity Markets. Shmuel Oren

    E-Print Network [OSTI]

    Oren, Shmuel S.

    is undesirable since it may also suppress demand response when possible. Nevertheless reduced price volatility

  20. Investment Efficiency in Competitive Electricity Markets With and Without Time-Varying Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2002-01-01

    and Demand Response in Electricity Markets, October 2002.Kleit. “Metering in Electricity Markets: Should It Be En-in Competitive Electricity Markets With and Without Time-

  1. On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2003-01-01

    Andrew Kleit, “Metering in Electricity Markets: When is Moreand De- mand Response in Electricity Markets, October 2002.of Competitive Electricity Markets With Time-Invariant

  2. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    and Demand Response in Electricity Markets." University ofDemand Response in Electricity Markets and Recommendationsof Wholesale Electricity Markets for NYC in Summer

  3. Spot pricing of electricity and ancillary services in a competitive California market.

    E-Print Network [OSTI]

    Siddiqui, Afzal S.; Marnay, Chris; Khavkin, Mark

    2000-01-01

    Designing Competitive Electricity Markets , edited by H.P.Deregulated Wholesale Electricity Market," POWER Workingin competitive electricity markets, the verti- cally

  4. The Distributional and Environmental Effects of Time-Varying Prices in Competitive Electricity Markets

    E-Print Network [OSTI]

    Holland, Stephen P.; MANSUR, ERIN T

    2005-01-01

    Wholesale Electricity Market,” American Economic Review,of Competitive Electricity Markets With Time-Invariantand Demand Response in Electricity Markets, October 2002.

  5. Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Market

    E-Print Network [OSTI]

    Lewis, Matt

    2004-01-01

    Competition in Retail Gasoline Markets: Empirical EvidenceAn Examination of the Retail Gasoline Market Matt Lewis*An Examination of the Retail Gasoline Market Matthew Lewis ?

  6. The Speed of Gasoline Price Response in Markets With and Without Edgeworth Cycles

    E-Print Network [OSTI]

    Lewis, Matt; Noel, Michael

    2009-01-01

    An Examination of the Retail Gasoline Market,” July 2005.the Toronto Retail Gasoline Market,” Journal of IndustrialPower? Evidence from the Retail Gasoline Market,” Journal of

  7. Home World Business Markets Market Data Tech Life & Style Opinion News & Trends Reinvent Career Strategies The Juggle Office Life Business Schools Education Who's

    E-Print Network [OSTI]

    Omar, Mohammad H.

    More Home World Business Markets Market Data Tech Life & Style Opinion News & Trends Reinvent, employment outlook, physical demands and stress. Les Krantz, author of "Jobs Rated Almanac," compiled Jobs Keylogger Software Franchise Consultants Need Own an Energy Conservatio More in Careers M Revving

  8. Natural Gas Prices Forecast Comparison--AEO vs. Natural Gas Markets

    SciTech Connect (OSTI)

    Wong-Parodi, Gabrielle; Lekov, Alex; Dale, Larry

    2005-02-09

    This paper evaluates the accuracy of two methods to forecast natural gas prices: using the Energy Information Administration's ''Annual Energy Outlook'' forecasted price (AEO) and the ''Henry Hub'' compared to U.S. Wellhead futures price. A statistical analysis is performed to determine the relative accuracy of the two measures in the recent past. A statistical analysis suggests that the Henry Hub futures price provides a more accurate average forecast of natural gas prices than the AEO. For example, the Henry Hub futures price underestimated the natural gas price by 35 cents per thousand cubic feet (11.5 percent) between 1996 and 2003 and the AEO underestimated by 71 cents per thousand cubic feet (23.4 percent). Upon closer inspection, a liner regression analysis reveals that two distinct time periods exist, the period between 1996 to 1999 and the period between 2000 to 2003. For the time period between 1996 to 1999, AEO showed a weak negative correlation (R-square = 0.19) between forecast price by actual U.S. Wellhead natural gas price versus the Henry Hub with a weak positive correlation (R-square = 0.20) between forecasted price and U.S. Wellhead natural gas price. During the time period between 2000 to 2003, AEO shows a moderate positive correlation (R-square = 0.37) between forecasted natural gas price and U.S. Wellhead natural gas price versus the Henry Hub that show a moderate positive correlation (R-square = 0.36) between forecast price and U.S. Wellhead natural gas price. These results suggest that agencies forecasting natural gas prices should consider incorporating the Henry Hub natural gas futures price into their forecasting models along with the AEO forecast. Our analysis is very preliminary and is based on a very small data set. Naturally the results of the analysis may change, as more data is made available.

  9. Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world

    SciTech Connect (OSTI)

    Heffner, Grayson C.

    2002-09-01

    The restructuring of regional and national electricity markets in the U.S. and around the world has been accompanied by numerous problems, including generation capacity shortages, transmission congestion, wholesale price volatility, and reduced system reliability. These problems have created new opportunities for technologies and business approaches that allow load serving entities and other aggregators to control and manage the load patterns of wholesale and retail end-users they serve. Demand Response Programs, once called Load Management, have re-emerged as an important element in the fine-tuning of newly restructured electricity markets. During the summers of 1999 and 2001 they played a vital role in stabilizing wholesale markets and providing a hedge against generation shortfalls throughout the U.S.A. Demand Response Programs include ''traditional'' capacity reservation and interruptible/curtailable rates programs as well as voluntary demand bidding programs offered by either Load Serving Entities (LSEs) or regional Independent System Operators (ISOs). The Lawrence Berkeley National Lab (LBNL) has been monitoring the development of new types of Demand Response Programs both in the U.S. and around the world. This paper provides a survey and overview of the technologies and program designs that make up these emerging and important new programs.

  10. Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: AlternativeMonthly","10/2015"Monthly","10/2015" ,"Release7Cubicthroughthe PriceThousand CubicThousandCubic53.6 53.3 49.368.7

  11. Video market data for calves and yearlings confirms price discounts for Western cattle

    E-Print Network [OSTI]

    Blank, Steven; Forero, Larry C.; Nader, Glenn A.

    2009-01-01

    that nonprecondi- tioned cattle are being discounted. Forbased on prices for cattle weaned 30 days or longer. †American BSE events on U.S. cattle prices. Rev Ag Econ 30(

  12. Information Shocks, Liquidity Shocks, Jumps, and Price Discovery: Evidence from the U.S. Treasury Market

    E-Print Network [OSTI]

    Jiang, George J.

    In this paper, we identify jumps in U.S. Treasury-bond (T-bond) prices and investigate what causes such unexpected large price changes. In particular, we examine the relative importance of macroeconomic news announcements ...

  13. Appendix II-A Docket No. PA02-2-000 II-A-1 Price Manipulation in Western Markets

    E-Print Network [OSTI]

    Laughlin, Robert B.

    -A: Supporting Tables for Analysis of Reliant Natural Gas Transactions Table II-A1. EOL Western Gas Spot TradesAppendix II-A Docket No. PA02-2-000 II-A-1 Price Manipulation in Western Markets Appendix IICal Topock EPNG 11/22/00 Southern California Gas Company 600,000 28 SoCal Topock EPNG 6/11/01 Reliant Energy

  14. Cost, Conflict and Climate: U.S. Challenges in the World Oil Market

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    increases in the price of crude oil during the last half ofdollar-denominated price of crude oil increased about 50%.month contract) price per gallon of crude oil and gasoline

  15. Time series analysis of the lead-lag relationship of freight futures and spot market prices

    E-Print Network [OSTI]

    Gavriilidis, Nikolaos

    2008-01-01

    This thesis analyzes the relationship between the physical and paper shipping markets. The main objective is to find if one market leads the other by a specific time period so that market players can take advantage from ...

  16. Mathematics, Pricing, Market Risk Management and Trading Strategies for Financial Derivatives (2/3)

    ScienceCinema (OSTI)

    None

    2011-10-06

    Market Trading and Risk Management of Vanilla FX Options - Measures of Market Risk - Implied Volatility - FX Risk Reversals, FX Strangles - Valuation and Risk Calculations - Risk Management - Market Trading Strategies

  17. World Oil Prices and Production Trends in AEO2009 (released in AEO2009)

    Reports and Publications (EIA)

    2009-01-01

    The oil prices reported in Annual Energy Outlook 2009 (AEO) represent the price of light, low-sulfur crude oil in 2007 dollars. Projections of future supply and demand are made for "liquids," a term used to refer to those liquids that after processing and refining can be used interchangeably with petroleum products. In AEO2009, liquids include conventional petroleum liquids -- such as conventional crude oil and natural gas plant liquids -- in addition to unconventional liquids, such as biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

  18. Final Report on Price Manipulation in the Western Markets at Chapter VI, pages 55-56 (Docket No. PA02-2-000 March 2003) (Staff Final Report). The Commission

    E-Print Network [OSTI]

    Laughlin, Robert B.

    1 Final Report on Price Manipulation in the Western Markets at Chapter VI, pages 55-56 (Docket No Docket No. PA02-2-011 Manipulation of Electric and Natural Gas Prices BP Energy Company Docket No. EL03-60-000 and the Final Report on Price Manipulation in Western Markets in Docket No. PA02-2-000 .1 BACKGROUND 2

  19. Stock market volatility and price discovery : three essays on the effect of macroeconomic information

    E-Print Network [OSTI]

    Rangel, Jose Gonzalo

    2006-01-01

    discovery process. Naturally, market microstructure modelsdiscovery process. Using a struc- tural microstructure framework, the proposed model

  20. Optimising Market Share and Profit Margin: SMDP-based Tariff Pricing under the Smart Grid

    E-Print Network [OSTI]

    Chli, Maria

    market dynamisms.1 Power TAC simulates an open and competitive electricity wholesale and retail market market, an energy retailer aims to simultaneously increase the number of contracted customers and its the competition, AstonTAC was the only retailer agent performing well across all retail market settings. I

  1. A quantitative model of trading and price formation in nancial markets Marcus G. Daniels, 1 J. Doyne Farmer, 1 L aszl o Gillemot, 1 Giulia Iori, 2 and Eric Smith 1

    E-Print Network [OSTI]

    A quantitative model of trading and price formation in #12;nancial markets Marcus G. Daniels, 1 J y (Dated: January 29, 2002) We use standard physics techniques to model trading and price formation of prices, which is the standard measure of #12;nancial risk, and the spread and price impact functions

  2. The effect of falling market concentration on prices, generator behaviour and productive efficiency in the England and Wales electricity market

    E-Print Network [OSTI]

    Sweeting, Andrew

    2001-01-01

    A universal prediction of the various oligopoly models used to predict and explain behaviour in the England and Wales (E&W) electricity wholesale market is that divestiture of plants by the two large incumbent generators ...

  3. The impact of information signals on market prices when agents have non-linear trading rules

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    system of market dynamics because of the non-proportional character of non-linearity. Thus, taking theory of efficient markets assumes identical investors having rational expectations of future stock

  4. Testing for market integration crude oil, coal, and natural gas

    SciTech Connect (OSTI)

    Bachmeier, L.J.; Griffin, J.M.

    2006-07-01

    Prompted by the contemporaneous spike in coal, oil, and natural gas prices, this paper evaluates the degree of market integration both within and between crude oil, coal, and natural gas markets. Our approach yields parameters that can be readily tested against a priori conjectures. Using daily price data for five very different crude oils, we conclude that the world oil market is a single, highly integrated economic market. On the other hand, coal prices at five trading locations across the United States are cointegrated, but the degree of market integration is much weaker, particularly between Western and Eastern coals. Finally, we show that crude oil, coal, and natural gas markets are only very weakly integrated. Our results indicate that there is not a primary energy market. Despite current price peaks, it is not useful to think of a primary energy market, except in a very long run context.

  5. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight M.; Stanton, Richard; Wallace, Nancy E.

    2010-01-01

    expenses per square foot nor is the Energy Star Certi?energy prices will rise are associated with higher expenses per square foot.Energy Star is not statistically associated with transactions values per square foot.

  6. Welfare, Market Power, and Price Effects of Product Diversity: Canned Juices

    E-Print Network [OSTI]

    Perloff, Jeffrey M.

    markups, and prices in the canned juice industry. According to many food and beverage manufacturing functional forms of demand and costs. Surprisingly, there have been relatively few empirical studies

  7. Natural Gas Pricing Reform in China: Getting Closer to a Market System?

    E-Print Network [OSTI]

    Paltsev, S.

    2015-08-31

    Recent policy in China targets an increase in the contribution of natural gas to the nation’s energy supply. Historically, China’s natural gas prices have been highly regulated with a goal to protect consumers. The old ...

  8. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight; Stanton, Richard; Wallace, Nancy

    2012-01-01

    package. For a given trading date, a power hub, and a typeabove). For a given trading date, a power hub, and a type ofterm-structure of power prices for a given trading date for

  9. Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.

    E-Print Network [OSTI]

    Jaffee, Dwight M.; Stanton, Richard; Wallace, Nancy E.

    2010-01-01

    package. For a given trading date, a power hub, and a typeabove). For a given trading date, a power hub, and a type ofstructure of power prices for a given trading date. Since

  10. Consumer Demand under Price Uncertainty: Empirical Evidence from the Market for Cigarettes

    E-Print Network [OSTI]

    Coppejans, Mark; Gilleskie, Donna; Sieg, Holger; Strumpf, Koleman

    2007-08-01

    We develop a demand model for goods that are subject to habit formation. We show that consumption plans of forward-looking individuals depend on preferences, current period prices, and individual beliefs about the evolution ...

  11. Three Essays on Price Dynamics and Causations among Energy Markets and Macroeconomic Information 

    E-Print Network [OSTI]

    Hong, Sung Wook 1977-

    2012-09-20

    the findings. First, we examine the contemporaneous interdependencies and information flows among crude oil, natural gas, and electricity prices in the United States (US) through the multivariate generalized autoregressive conditional heteroscedasticity...

  12. How many people actually see the price signal? Quantifying market failures in the end use of energy

    E-Print Network [OSTI]

    Meier, Alan; Eide, Anita

    2007-01-01

    investment, behaviour, energy price, consumers Abstract “suggest that raising energy prices—such as in the form ofconsumers actually “see” energy prices and are therefore

  13. Cattle Feedlot Placement, Feeding, and Marketing Strategies Under Alternative Price Relationships. 

    E-Print Network [OSTI]

    Clary, Gregory M.; Dietrich, Raymond A.

    1979-01-01

    , The Texas A&M University System [Blank Page in Original Bulletin] Contents 4 HIGHLIGHTS 5 INTRODUCTION 5 The Problem 6 Source of Data 6 CHARACTERISTICS OF CATTLE FED BY SELECTED FEEDLOTS 7 COSTS AND PRICES FOR CATTLE FED BY SELECTED FEEDLOTS 7... optimal strategies for use in future trading by cattle-feeding management under 5 variable price relationships for feeder cattle, major feed grains, and slaughter cattle. Source of Data The primary source of data for this study was lot close...

  14. Impact of Storage on the Efficiency and Prices in Real-Time Electricity Markets

    E-Print Network [OSTI]

    Proutiere, Alexandre

    behavior of the various actors lead to a socially acceptable situation? Electricity markets are highly complex dynamical systems. They incorporate renewable energy sources, such as wind and solar

  15. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    Advanced Metering, and Demand Response in Electricity2006. Benefits of Demand Response in Electricity Markets and2010. Open Automated Demand Response Technologies for

  16. Spot pricing of electricity and ancillary services in a competitive California market.

    E-Print Network [OSTI]

    Siddiqui, Afzal S.; Marnay, Chris; Khavkin, Mark

    2000-01-01

    o Liew, and M. Khavkin 1999, Ancillary Services Markets inVolatility in the California Ancillary Services Mar- kets:of Electricity and Ancillary Services in a Competitive

  17. Redeeming the Truth: Robert Morden and the Marketing of Authority in Early World Atlases

    E-Print Network [OSTI]

    York, Laura Suzanne

    2013-01-01

    and book trades. Book Marketing and Book Piracy WhateverCissie. “The Production and Marketing of Populuxe Goods inCartography: Making and Marketing Maps in Eighteenth-Century

  18. Implementation Shortfall One Objective, Many Algorithms VWAP (Volume Weighted Average Price) has ruled the algorithmic trading world

    E-Print Network [OSTI]

    Kearns, Michael

    in the fact that it does not require such cost predictions. VWAP vs. Arrival Price So how does arrival priceImplementation Shortfall ­ One Objective, Many Algorithms VWAP (Volume Weighted Average Price) has year toward using decision price, or implementation shortfall, algorithms. ITG®'s Hitesh Mittal

  19. Assessment of Summer 1997 motor gasoline price increase

    SciTech Connect (OSTI)

    1998-05-01

    Gasoline markets in 1996 and 1997 provided several spectacular examples of petroleum market dynamics. The first occurred in spring 1996, when tight markets, following a long winter of high demand, resulted in rising crude oil prices just when gasoline prices exhibit their normal spring rise ahead of the summer driving season. Rising crude oil prices again pushed gasoline prices up at the end of 1996, but a warm winter and growing supplies weakened world crude oil markets, pushing down crude oil and gasoline prices during spring 1997. The 1996 and 1997 spring markets provided good examples of how crude oil prices can move gasoline prices both up and down, regardless of the state of the gasoline market in the United States. Both of these spring events were covered in prior Energy Information Administration (EIA) reports. As the summer of 1997 was coming to a close, consumers experienced yet another surge in gasoline prices. Unlike the previous increase in spring 1996, crude oil was not a factor. The late summer 1997 price increase was brought about by the supply/demand fundamentals in the gasoline markets, rather than the crude oil markets. The nature of the summer 1997 gasoline price increase raised questions regarding production and imports. Given very strong demand in July and August, the seemingly limited supply response required examination. In addition, the price increase that occurred on the West Coast during late summer exhibited behavior different than the increase east of the Rocky Mountains. Thus, the Petroleum Administration for Defense District (PADD) 5 region needed additional analysis (Appendix A). This report is a study of this late summer gasoline market and some of the important issues surrounding that event.

  20. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 24 NO. 3 May/June 2006 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  1. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 24 NO. 4 July/August 2006 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  2. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 3 May/June 2005 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  3. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 5 September/October 2005 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  4. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 25 NO. 4 July/August 2007 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  5. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 6 November/December 2005 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  6. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 5 September/October 2004 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  7. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 24 NO. 1 January/February 2006 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  8. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 2 March/April 2004 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  9. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 4 July/August 2005 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  10. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 25 NO. 3 May/June 2007 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  11. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 24 NO. 6 November/December 2006 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  12. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 24 NO. 2 March/April 2006 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  13. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 4 July/August 2004 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  14. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 21 NO. 5 September/October 2003 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  15. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 1 January/February 2004 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  16. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 1 January/February 2005 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  17. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 25 NO. 1 January/February 2007 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  18. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 25 NO. 2 March/April 2007 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  19. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 21 NO. 6 November/December 2003 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  20. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 6 November/December 2004 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  1. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 3 May/June 2004 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  2. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 24 NO. 5 September/October 2006 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price

  3. TEXAS TIMBER PRICE TRENDS

    E-Print Network [OSTI]

    TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 2 March/April 2005 #12;TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting average prices paid for standing timber, commonly called the "stumpage price," for the two months

  4. 15.818 Pricing, Spring 2005

    E-Print Network [OSTI]

    Tucker, Catherine

    This course, primarily discussion based, provides a framework for understanding pricing strategies and tactics. Topics covered include pricing in competitive markets, estimating demand, price discrimination, the role of ...

  5. The use of agent-based financial market models to test the effectiveness of regulatory policies*

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    of crude oil varied on average by about 1.7 percent every day between 1986 and 2000 (see Shiller 2000, the course of the Japanese stock market between 1985 and 1995, the world-wide collapse of the stock markets.5 percent every day between 1974 and 1998. Commodity and stock prices can be even more volatile. The price

  6. Developing a Marketing Plan 

    E-Print Network [OSTI]

    Bevers, Stan; Waller, Mark L.; Amosson, Stephen H.; McCorkle, Dean

    2009-03-02

    Developing a good marketing plan will help you identify and quantify costs, set price goals, determine potential price outlook, examine production and price risk, and develop a strategy for marketing your crop. This publication describes...

  7. Separation and Volatility of Locational Marginal Prices in Restructured Wholesale Power Markets

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    ­ in U.S. energy regions in the midwest (MISO), New England (ISO-NE), New York (NYISO), the mid Test Bed I. INTRODUCTION THE wholesale power market design proposed by the U.S. Federal Energy, it is critical for market operators in these regions to understand how LMPs respond under alternative structural

  8. 3 MICROSIMULATING AUTOMOBILE MARKETS: 4 EVOLUTION OF VEHICLE HOLDINGS AND VEHICLE-PRICING DYNAMICS

    E-Print Network [OSTI]

    Kockelman, Kara M.

    . All available vehicles 35 compete directly, with demand, supply and price signals endogenous and reasonable response to multiple inputs, as well as potential 40 implementation issues. 41 42 INTRODUCTION 43 aggregate or disaggregate level using microsimulation. Several researchers have attempted to do55 this (e

  9. Analysis of Future Prices and Markets for High Temperature Superconductors ENERGY SAVINGS IN HTS DEVICES

    E-Print Network [OSTI]

    Category HTS tape required (km)* Energy Saved, % of total energy entering device Cryogenic capital cost) and prices, the capital cost is roughly $60 per watt removed from the cold end. Hopefully, that capital cost of each device. The incremental capital cost is the cost over and above that of cryogenics and HTS wire

  10. Comparing Price Forecast Accuracy of Natural Gas Models and Futures Markets

    E-Print Network [OSTI]

    Wong-Parodi, Gabrielle; Dale, Larry; Lekov, Alex

    2005-01-01

    Update on Petroleum, Natural Gas, Heating Oil and Gasoline.of the Market for Natural Gas Futures. Energy Journal 16 (Modeling Forum. 2003. Natural Gas, Fuel Diversity and North

  11. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    and Demand Response in Electricity Markets." University ofRates and Tariffs /Schedule for Electricity Service, P.S.C.no. 10- Electricity/Rules 24 (Riders)/Leaf No. 177-327."

  12. Will Connecticut Thrive in an Uncertain World: Exchange Volatility, Shifting Labor Markets,

    E-Print Network [OSTI]

    Alpay, S. Pamir

    , And Collapsing Oil Prices The Connecticut Economic Outlook: February 2015 Peter E. Gunther, Senior Research of the monetary union itself--a stunning fall in not just oil prices, but most commodities, and nearly and memory, as well as medical treatments to extend life, all providing consumers with manifold choices

  13. Linkages between the markets for crude oil and the markets for refined products

    SciTech Connect (OSTI)

    Didziulis, V.S.

    1990-01-01

    To understand the crude oil price determination process it is necessary to extend the analysis beyond the markets for petroleum. Crude oil prices are determined in two closely related markets: the markets for crude oil and the markets for refined products. An econometric-linear programming model was developed to capture the linkages between the markets for crude oil and refined products. In the LP refiners maximize profits given crude oil supplies, refining capacities, and prices of refined products. The objective function is profit maximization net of crude oil prices. The shadow price on crude oil gives the netback price. Refined product prices are obtained from the econometric models. The model covers the free world divided in five regions. The model is used to analyze the impacts on the markets of policies that affect crude oil supplies, the demands for refined products, and the refining industry. For each scenario analyzed the demand for crude oil is derived from the equilibrium conditions in the markets for products. The demand curve is confronted with a supply curve which maximizes revenues providing an equilibrium solution for both crude oil and product markets. The model also captures crude oil price differentials by quality. The results show that the demands for crude oil are different across regions due to the structure of the refining industries and the characteristics of the demands for refined products. Changes in the demands for products have a larger impact on the markets than changes in the refining industry. Since markets for refined products and crude oil are interrelated they can't be analyzed individually if an accurate and complete assessment of a policy is to be made. Changes in only one product market in one region affect the other product markets and the prices of crude oil.

  14. Market Pricing of Di erentiated Internet Services N. Semret, R. R.-F. Liao, A. T. Campbell and A. A. Lazar

    E-Print Network [OSTI]

    Columbia University

    Market Pricing of Di erentiated Internet Services N. Semret, R. R.-F. Liao, A. T. Campbell and A. A investigate the system dynamics by simu- lating a scenario with three inter-connected networks, and two types, ser- vices, and population, the case is compelling. With suitably designed rules, auctions can achieve

  15. A network analysis of the global energy market: an insight on the entanglement between crude oil and the world economy

    E-Print Network [OSTI]

    Ruzzenenti, Franco; Papandreou, Andreas

    2015-01-01

    One major hurdle in the road toward a low carbon economy is the present entanglement of developed economies with oil. This tight relationship is mirrored in the correlation between most of economic indicators with oil price. This paper addresses the role of oil compared to the other three main energy commodities -coal, gas and electricity, in shaping the international trading network (ITW or WTW, world trade web) in the light of network theory. It initially surveys briefly the literature on the correlation between oil prices with economic growth and compares the concepts of time correlation with the concept of spatial correlation brought about by network theory. It outlines the conceptual framework underpinning the network measures adopted in the analysis and results are presented. Three measures are taken into account: the ratio of mutual exchanges in the network (reciprocity); the role of distances in determining trades (spatial filling); and the spatial correlation of energy commodities with the whole trad...

  16. Finite utility on financial markets with asymmetric information and structure properties of the price

    E-Print Network [OSTI]

    Imkeller, Peter

    Finite utility on financial markets with asymmetric information and structure properties utility. We show that whenever an agent's expected utility is finite, S is a semimartingale with a Doob­Meyer de­ composition featuring a martingale part and an information drift. The expected utility gain

  17. Finite utility on financial markets with asymmetric information and structure properties of the price

    E-Print Network [OSTI]

    Imkeller, Peter

    Finite utility on financial markets with asymmetric information and structure properties utility. We show that whenever an agent's expected utility is finite, S is a semimartingale with a Doob-Meyer de- composition featuring a martingale part and an information drift. The expected utility gain

  18. ASSET PRICING AND THE CREDIT MARKET Francis A. Longstaff Jiang Wang

    E-Print Network [OSTI]

    Gabrieli, John

    in order to take on levered positions in the stock and thus bear more risk. Optimal risk sharing results in turn influences expected stock returns, stock return volatility, the term structure of interest rates, and trading activity in the stock market. We further explore the immediate empirical implication

  19. Optimal Spot Market Inventory Strategies in the Presence of Cost and Price Risk

    E-Print Network [OSTI]

    Guo, Xin

    it is cheapest..." Thus, consider a utility that purchases electricity on the spot market in anticipation, consider a firm that owns electric power storage technology. Initially, firms considered such technology as a way to improve the efficiency of electricity generation technology, but as observed in [30

  20. Demand key factor in worldwide crude prices and drilling

    SciTech Connect (OSTI)

    Beck, R.J.

    1995-01-30

    The global demand surge that rescued world crude oil prices in 1994 will continue through 1995 and at least sustain, if not increase, worldwide drilling activity. Although average world crude oil prices at the end of 1994 were somewhat higher than a year earlier, the average price for all of last year was down from that of 1993. Production capacity remained sufficient to meet the growing need for crude, and the potential for return of Iraqi exports, embargoed by the United Nations since August 1990, lingered over the market. For several years the average world export crude oil price fluctuated seasonally within the range of $16--20/bbl. This band appears to have dropped to $13--17/bbl. The paper discusses economic growth rates; worldwide demand; worldwide supply; worldwide supply outlook; prices; and international drilling activity.

  1. Fact #579: July 13, 2009 Oil Price and Economic Growth, 1970-2008

    Broader source: Energy.gov [DOE]

    Major oil price shocks have disrupted world energy markets five times in the past 30 years – 1973-74, 1979-80, 1990-1991, 1999-2000 and again in 2008. Most of the oil price shocks were followed by...

  2. Mesoscopic Community Structure of Financial Markets Revealed by Price and Sign Fluctuations

    E-Print Network [OSTI]

    Almog, Assaf; MacMahon, Mel; Garlaschelli, Diego

    2015-01-01

    The mesoscopic organization of complex systems, from financial markets to the brain, is an intermediate between the microscopic dynamics of individual units (stocks or neurons, in the mentioned cases), and the macroscopic dynamics of the system as a whole. The organization is determined by "communities" of units whose dynamics, represented by time series of activity, is more strongly correlated internally than with the rest of the system. Recent studies have shown that the binary projections of various financial and neural time series exhibit nontrivial dynamical features that resemble those of the original data. This implies that a significant piece of information is encoded into the binary projection (i.e. the sign) of such increments. Here, we explore whether the binary signatures of multiple time series can replicate the same complex community organization of the financial market, as the original weighted time series. We adopt a method that has been specifically designed to detect communities from cross-c...

  3. On the Allocative Efficiency of Competitive Prices in Economies with Incomplete Markets

    E-Print Network [OSTI]

    Sabarwal, Tarun

    2003-09-01

    -Malinvaud Efficiency 1I thank Bob Anderson and Max Stinchcombe for helpful conversations. 1 Introduction The Pareto efficiency of competitive equilibria in Arrow-Debreu economies is one of the strongest welfare results in economics about the allocative efficiency of a... system can indicate scarcity of com- modities via relative value, it helps equate marginal rates of substitution across consumers, and it results in a Pareto efficient allocation of commodities. If the system of markets is incomplete, (in other words...

  4. Flight to Quality? An Investigation of Changing Price Spreads in Commercial Real Estate Markets

    E-Print Network [OSTI]

    Fuerst, Franz; McAllister, Patrick; Sivitanides, Petros

    2015-01-01

    were positively correlated. However, supporting the flight- to-quality hypothesis they also found evidence that, in some “extreme” situations, this relationship turned negative. Hartmann, Straetmans and de Vries (2004), found that flight of capital... . (1989) The Motivation for Institutional Real Estate Sales and Implications for Asset Class Returns, AREUEA Journal, 17, 1, 70- 82 Hartmann, P. S. Straetmans and C. G. De Vries. 2004. Asset Market Linkages in Crisis Periods. The Review of Economics...

  5. Accounting for fuel price risk: Using forward natural gas prices instead of gas price forecasts to compare renewable to natural gas-fired generation

    E-Print Network [OSTI]

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2003-01-01

    2003 Papapetrou, E. 2001. "Oil Price Shocks, Stock Market,2003. Sadorsky, P. 1999. "Oil Price Shocks and Stock MarketS. Awerbuch. 2002 (draft). Oil Price Volatility and Economic

  6. Price regulation for waste hauling franchises in California: an examination of how regulators regulate pricing and the effects of competition on regulated markets

    E-Print Network [OSTI]

    Seltzer, Steven A.

    2011-01-01

    Thomadakis, Stavros. “Price Regulation Under Uncertainty inin the Theory of Regulation. ” Handbook of IndustrialMark and David Sappington. “Regulation, Competition and

  7. Customer reponse to day-ahead wholesale market electricity prices: Case study of RTP program experience in New York

    E-Print Network [OSTI]

    2004-01-01

    in Competitive Electricity Markets” Lawrence BerkeleyDemand Response in Electricity Markets , Hewlitt Foundationin Competitive Electricity Markets , A. Faruqui and K.

  8. Testing for cointegration between the New York and London futures markets for coffee 

    E-Print Network [OSTI]

    Patel, Mona Dinesh

    1997-01-01

    Arbitrage between the New York and London futures markets is an active event. The price spread between the New York and London futures markets, is affected by factors concerning the supply and demand of each commodity and the world coffee market...

  9. The Minimum Price Contract 

    E-Print Network [OSTI]

    Waller, Mark L.; Amosson, Stephen H.; Welch, Mark; Dhuyvetter, Kevin C.

    2008-10-17

    A minimum price contract is one of many tools a marketer may use to better manage price and production risk while trying to achieve financial goals and objectives. This publication discusses the advantages and disadvantages involved...

  10. International transmission of oil price effects and the derivation of optimal oil prices

    SciTech Connect (OSTI)

    Marquez, J.R.

    1983-01-01

    The purpose of this dissertation is to study the international transmission of oil-price effects and the derivation of optimal oil prices not as two separate problems but rather as one problem by recognizing that changes in oil prices affect real income of oil importers and thus feed back to the demand for oil faced by OPEC. To study the international transmission of oil price changes, the author develops a three-region world model where real income, prices, and international trade are endogenously determined. With this model he derives the comparative statics of oil price changes. He also analyzes the feedback effect of oil price changes, allowing for counterinflationary policies in oil-importing countries. A modified version of the theoretical model is econometrically estimated with data for 1960-1979. The quantitative dimension of oil price changes using dynamic multipliers is studied. Also studied are the impacts of restrictive fiscal policy in DC's, greater absorption by OPEC, and increased financial transfers to LDC's on real income, in the international oil market, on inflation, and on international trade of manufacturers and raw materials. It was found that not recognizing the feedback effects of oil price increases introduces a significant upward bias in the total price elasticity and in the optimal oil price path, neither of which is consistent with OPEC's best interest.

  11. Higher Prices from Entry: Pricing of Brand-Name Drugs

    E-Print Network [OSTI]

    Perloff, Jeffrey M.

    Higher Prices from Entry: Pricing of Brand-Name Drugs Jeffrey M. Perloffa Valerie Y. Suslowb,* Paul product, the prices of existing and new products may be higher than the incumbent's original price due to a better match between consumers and products. In other words, the average price in the market can rise

  12. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Petroleum Marketing Annual 2001 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II (Continued) PAD District...

  13. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Petroleum Marketing Annual 2000 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II (Continued) PAD District...

  14. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Petroleum Marketing Annual 1999 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II (Continued) PAD District...

  15. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Petroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II (Continued) PAD District...

  16. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Petroleum Marketing Annual 2002 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II (Continued) PAD District...

  17. Nonlinear Pricing in Markets with Interdependent Demand Author(s): Shmuel S. Oren, Stephen A. Smith and Robert B. Wilson

    E-Print Network [OSTI]

    Oren, Shmuel S.

    such as electric power are priced with increasing unit prices (e.g., lifeline rates), but such pricing. This paper has been with the authors for 3 revisions. t Department of Engineering-Economic Systems, Stanford which significantly improved the quality of this paper. We also thank Subrata Sen and Donald Morrison

  18. Understanding Trends in Wind Turbine Prices Over the Past Decade

    E-Print Network [OSTI]

    Bolinger, Mark

    2012-01-01

    time series of fossil fuel prices come from the Energyprices. Though fossil fuel prices may have been somewhatfossil fuels analyzed are traded in a global market (although price

  19. Abstract--This paper introduces the fundamental concept of locational marginal price (LMP) in the electricity markets, and

    E-Print Network [OSTI]

    Fu, Yong

    ) in the electricity markets, and presents some special observations on LMP. Under market environment, LMP based- and long-term efficiency in wholesale electricity markets. In some restructured markets, including the PJM to ISO by the energy buyers. Thus, depending on different market designs, four different calculation

  20. The impacts of improving Brazil's transportation infrastructure on the world soybean market 

    E-Print Network [OSTI]

    Costa, Rafael de Farias

    2009-05-15

    , Argentina, Rest of South America (Bolivia, Paraguay, and Uruguay), Canada, and India. The importing countries are composed of China, European Union, Southeast Asia, Mexico, and the Rest of the World. Results suggest these proposed transportation improvements...

  1. 528 IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 18, NO. 2, MAY 2003 Experience with PJM Market Operation, System

    E-Print Network [OSTI]

    McCalley, James D.

    coordinates a pooled generating capacity of more than 67 000 MW and operates a wholesale electricity market Terms--Electricity market, locational marginal pricing. I. INTRODUCTION PJM OPERATES the world's largest competitive wholesale electricity market and one of North America's largest power grids. PJM currently

  2. Postgraduate Scholarship Pricing temperature derivatives and modelling

    E-Print Network [OSTI]

    Banaji,. Murad

    the volumetric risk of the energy units sold, rather than the price risk of each unit. Weather derivativesPostgraduate Scholarship Pricing temperature derivatives and modelling the market price of risk: Pricing temperature derivatives and modelling the market price of risk. Main Supervisor: A. Alexandridis

  3. Price controls and international petroleum product prices

    SciTech Connect (OSTI)

    Deacon, R.T.; Mead, W.J.; Agarwal, V.B.

    1980-02-01

    The effects of Federal refined-product price controls upon the price of motor gasoline in the United States through 1977 are examined. A comparison of domestic and foreign gasoline prices is made, based on the prices of products actually moving in international trade. There is also an effort to ascribe US/foreign market price differentials to identifiable cost factors. Primary emphasis is on price comparisons at the wholesale level, although some retail comparisons are presented. The study also examines the extent to which product price controls are binding, and attempts to estimate what the price of motor gasoline would have been in the absence of controls. The time period under consideration is from 1969 through 1977, with primary focus on price relationships in 1970-1971 (just before US controls) and 1976-1977. The foreign-domestic comparisons are made with respect to four major US cities, namely, Boston, New York, New Orleans, and Los Angeles. 20 figures, 14 tables.

  4. Market integration in the international coal industry: A cointegration approach

    SciTech Connect (OSTI)

    Warell, L. [University of Lulea, Lulea (Sweden). Dept. of Business Administration & Social Science

    2006-07-01

    The purpose of this paper is to test the hypothesis of the existence of a single economic market for the international coal industry, separated for coking and steam coal, and to investigate market integration over time. This has been conducted by applying cointegration and error-correction models on quarterly price series data in Europe and Japan over the time period 1980-2000. Both the coking and the steam coal markets show evidence of global market integration, as demonstrated by the stable long-run cointegrating relationship between the respective price series in different world regions. This supports the hypothesis of a globally integrated market. However, when analyzing market integration over time it is not possible to confirm cointegration in the 1990s for steam coal. Thus, compared to the coking coal market, the steam coal market looks somewhat less global in scope.

  5. Factors Influencing Oil Prices: A Survey of the Current State of Knowledge in the Context of the 2007-08 Oil Price Volatility Interactions in the U.S. Crude Oil Market

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets 9,WhyConsumption6 Weekly

  6. CANNED FISH RETAIL PRICES

    E-Print Network [OSTI]

    CANNED FISH RETAIL PRICES UNITED STATES DEPARTMENT OF THE INTERIOR FISH AND WILDLIFE SERVICE BUREAU PRICES APRIL 1959 Prepared in the Bureau of Commercial Fisheries Branch of Market Development FISHERY with the Bureau of Labor Statistics to obtain a v e rage retail prices for selected canned fish items. The retail

  7. Oil Market Simulation model user's manual. [Oil market

    SciTech Connect (OSTI)

    Not Available

    1992-07-01

    The Oil Market Simulation (OMS) model is a LOTUS 1-2-3 spreadsheet that simulates the world oil market. OMS is an annual model that projects the world oil market through the year 2010 from a data base that begins in 1979. The geographic coverage includes all market economies, with net imports from the centrally planned economies taken as an assumption. The model estimates the effects of price changes on oil supply and demand and computes an oil price path over nine that allows supply and demand to remain in balance within the market economies area as a whole. The input assumptions of OMS are highlighted (in color) on the spreadsheet and include the following: The capacity of the OPEC countries to produce petroleum liquids (crude oil, natural gas liquids, condensates, refinery gains); a reference case projection of regional oil supply and demand at some arbitrary reference path of oil prices over time. The reference case provided with this diskette is that used for EIA's latest base case in the International Energy Outlook 1992 DOE/EIA-0484(92). The demonstration requires an IBM PC (or compatible), preferably with a color monitor. The demonstration diskette is self-contained, with all the files needed to run the demonstration. It does not, however, have the DOS system files, so this diskette cannot be used to start (boot) the computer.

  8. Forecasting the Hourly Ontario Energy Price by Multivariate Adaptive Regression Splines

    E-Print Network [OSTI]

    Cañizares, Claudio A.

    for forecasting the Spanish electricity market prices. On the other hand, ARIMA, dynamic regression and transfer been used to forecast the Spanish market prices [7], [9], Californian market prices [9], Leipzig power have been used for forecasting the Spanish and Californian market prices [11] and the PJM market prices

  9. Commerical Price - Marketers

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet)DecadeYear Jan Feb Mar Apr May Jun Jul Aug Sep3,118,592 3,102,59399

  10. Colombia-The World Bank Partnership for Market Readiness (PMR) | Open

    Open Energy Info (EERE)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on QA:QA J-E-1 SECTION J APPENDIX ECoopButtePower Ventures Jump to: navigation,Energy Information World Bank

  11. Testing The Effects Of Price Responsive Demand On Uniform Price And Soft-Cap Electricity Auctions

    E-Print Network [OSTI]

    Testing The Effects Of Price Responsive Demand On Uniform Price And Soft-Cap Electricity Auctions R describes a framework for testing the efficacy of a price-responsive load on a uniform price last accepted offer and a soft-cap market. Experimental evidence to date based on uniform price market testing has

  12. Farm Land Market Situation in the Southwestern States, 1946-54. 

    E-Print Network [OSTI]

    Southern, John H. (John Hoyle)

    1955-01-01

    emphasizing the major developments in the land market since World War 11. Informa- tion and interpretation are presented which will be of use to farmers, ranchmen, bankers, credit agencies, county agents and any others concerned with the buying, selling..., Agricultural Research Service, U. S. Department of Agriculture ' THIS REPORT PRESFNTS AND INTERPRETS LAND is based upon currently observed land prices. market information in the Southwestern States- "Price" refers to the specific per acre selling . Arkansas...

  13. WIND ENERGY AND NEGATIVE PRICING

    E-Print Network [OSTI]

    McCalley, James D.

    at negative prices #12;Wind power and negative prices · Wind power production is related to electricity power integration · Negative prices are "market distortions" that need to be addressed · "PTC aggravatesWIND ENERGY AND NEGATIVE PRICING Is Production Tax Credit to Blame? Yu Wang Iowa State University

  14. Cogeneration Development and Market Potential in China

    E-Print Network [OSTI]

    Yang, F.

    2010-01-01

    market rates. Therefore price Energy Index Total Cogeneration Capacity Total Cogeneration Electricity

  15. NEMS International Energy Module, model documentation report: World Oil Market, Petroleum Products Supply and Oxygenates Supply components

    SciTech Connect (OSTI)

    Not Available

    1994-04-04

    The Energy Information Administration (EIA) is developing the National Energy Modeling System (NEMS) to enhance its energy forecasting capabilities and to provide the Department of Energy with a comprehensive framework for analyzing alternative energy` futures. NEMS is designed with a multi-level modular structure that represents specific energy supply activities, conversion processes, and demand sectors as a series of self-contained units which are linked by an integrating mechanism. The NEMS International Energy Module (IEM) computes world oil prices and the resulting patterns of international trade in crude oil and refined products. This report is a reference document for energy analysts, model users, and the public that is intended to meet EIA`s legal obligation to provide adequate documentation for all statistical and forecast reports (Public Law 93-275, section 57(b)(1). Its purpose is to describe the structure of the IEM. Actual operation of the model is not discussed here. The report contains four sections summarizing the overall structure of the IEM and its interface with other NEMS modules, mathematical specifications of behavioral relationships, and data sources and estimation methods. Following a general description of the function and rationale of its key components, system and equation level information sufficient to permit independent evaluation of the model`s technical details is presented.

  16. Housing market report Capital city market report

    E-Print Network [OSTI]

    Peters, Richard

    Housing market report Capital city market report Prepared February 2014 Dr Andrew Wilson, Senior mortgage interest rates, the current, once in a decade energy of the Sydney housing market is set house price growth since 2009 with the median house price increasing by 9.8 percent. All capital cities

  17. Rethinking Real Time Electricity Pricing

    E-Print Network [OSTI]

    Allcott, Hunt

    Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the .rst program to expose residential consumers to hourly ...

  18. Asset Prices and Exchange Rates

    E-Print Network [OSTI]

    Pavlova, Anna

    2004-11-30

    This paper develops a simple two-country, two-good model, in which the real exchange rate, stock and bond prices are jointly determined. The model predicts that stock market prices are correlated ...

  19. Hawaii energy strategy project 2: Fossil energy review. Task 1: World and regional fossil energy dynamics

    SciTech Connect (OSTI)

    Breazeale, K.; Isaak, D.T.; Yamaguchi, N.; Fridley, D.; Johnson, C.; Long, S.

    1993-12-01

    This report in the Hawaii Energy Strategy Project examines world and regional fossil energy dynamics. The topics of the report include fossil energy characteristics, the world oil industry including reserves, production, consumption, exporters, importers, refining, products and their uses, history and trends in the global oil market and the Asia-Pacific market; world gas industry including reserves, production, consumption, exporters, importers, processing, gas-based products, international gas market and the emerging Asia-Pacific gas market; the world coal industry including reserves, classification and quality, utilization, transportation, pricing, world coal market, Asia-Pacific coal outlook, trends in Europe and the Americas; and environmental trends affecting fossil fuels. 132 figs., 46 tabs.

  20. ELEC0018-1 Energy markets -Assignement: Impact of a nuclear power phase-out on the electricity price.

    E-Print Network [OSTI]

    Ernst, Damien

    ELEC0018-1 Energy markets - Assignement: Impact of a nuclear power phase-out on the electricity of the energy markets in order to get a reasoned conclusion about the impact that a nuclear power phase care should be given to the following aspects: · Put the nuclear power sector into perspective

  1. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    on simulated electricity spot prices in Germany, using theelectricity generation on spot market prices in Germany.

  2. Do oil markets work; is OPEC dead

    SciTech Connect (OSTI)

    Gately, D. (New York Univ., NY (USA). Dept. of Economics)

    1989-01-01

    In this paper the authors review what has happened in world oil markets since the 1970s and examine the prospects for OPEC and world oil prices. The paper summarizes the data for the last two decades: by fuel, by product, and by region. It focuses on OPEC and its members, examining the differences in behavior between its members and non-OPEC producers. The authors find that OPEC is clearly still relevant, if no longer very powerful. Its members have collectively reduced output dramatically, in an unsuccessful attempt to defend the price increases. They examine the important institutional changes of the last two decades, in comparison with the industry's stability for much of the century. They suggest an interpretation of OPEC's current situation. The paper summarizes the outlook for OPEC and the world oil market over the next two decades.

  3. Experimental Markets for Product Concepts

    E-Print Network [OSTI]

    Chan, Nicholas T.

    2001-07-01

    Market prices are well known to efficiently collect and aggregate diverse information regarding the value of commodities and assets. The role of markets has been particularly suitable to pricing financial securities. This ...

  4. NEW FINDINGS IN THE MARKET MICROSTRUCTURE OF OVER-THE-COUNTER MARKETS

    E-Print Network [OSTI]

    Sadeh, Norman M.

    of retail sizes. I attribute the heterogeneous rounding observations to the dealers' market power-exempt) bond market. However, the implications on price formation, price discovery and dealer's market power. In the first chapter "Price Clustering and Dealer's Market Power", I find that prices, yields and markups

  5. Conduct and Impact vs. State of the Market Triggers for Automatic Market Mitigation Shmuel S. Oren

    E-Print Network [OSTI]

    Oren, Shmuel S.

    the price signals for efficient investment and demand response." The immediate consequence of market

  6. Final report to the National Science Foundation for the period July 1, 1978 to June 30, 1980 of project on cartel behavior and exhaustible resource supply : a case study of the world oil market.

    E-Print Network [OSTI]

    M.I.T. World Oil Project.

    1981-01-01

    The M.I.T. World Oil Project has been developing improved methods and data for analysis of the future course of the world oil market. Any forecast of this market depends on analysis of the likely demand for oil imports by ...

  7. Market Power in California's Gasoline Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Lewis, Matthew

    2004-01-01

    Price Study Kayser, Hilke A. , 2000. Gasoline Demand andCar Choice: Estimating Gasoline Demand Using HouseholdIN GASOLINE MARKETS.

  8. Comparison of AEO 2008 Natural Gas Price Forecast to NYMEX Futures Prices

    E-Print Network [OSTI]

    Bolinger, Mark

    2008-01-01

    market-based forward price projections argues for furtherAEO 2008 and NYMEX price projections. Nominal ¢/kWh (at 7000that exceed the AEO price projection) described above. If

  9. IEEE JOURNAL ON SELECTED AREAS IN COMMUNICATIONS, VOL. 18, NO. 12, DECEMBER 2000 2499 Pricing, Provisioning and Peering: Dynamic Markets

    E-Print Network [OSTI]

    Columbia University

    , and end-buyers, respectively, in a two-tier wholeseller/retailer market, which is best interpreted@invisiblehand.net). R. R.-F. Liao, A. T. Campbell, and A. A. Lazar are with the Department of Electrical Engineering

  10. Demand and Price Volatility: Rational Habits in International Gasoline Demand

    E-Print Network [OSTI]

    Scott, K. Rebecca

    2011-01-01

    capita terms. When crude oil prices are used, these are thedriven by the world crude oil price rather than by exchange-how consumers think about oil prices and price expectations,

  11. Crude Oil Prices

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    19.11 18.73 18.63 17.97 18.75 18.10 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

  12. Crude Oil Prices

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    20.86 20.67 20.47 20.24 20.32 19.57 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

  13. Natural Gas Marketed Production

    U.S. Energy Information Administration (EIA) Indexed Site

    Wellhead Price Marketed Production Period: Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Show Data By:...

  14. The bears come out for summer: A world awash in oil

    SciTech Connect (OSTI)

    Not Available

    1993-07-30

    In this issue, Energy Detente examines near term oil price and supply prospects. World oil prices have plunged over the last eight weeks to their lowest levels since 1991. This can be attributed to low world oil demand and bearish speculation on world oil markets that the on-again off-again oil export negotiations between Iraq and the United Nations may result in limited amounts of Iraqi crude being added to already swollen oil supplies. To recessionary economics in consuming countries, trends to raise taxes and reduce fuel price subsidies in many countries, and rising costs of environmental protection, producers also scrutinize a concerned Organization of Petroleum Exporting Countries (OPEC). OPEC's reactive potentials are heightened in a period of such market uncertainities.

  15. Forecasting Prices andForecasting Prices and Congestion forCongestion for

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Goal: Design nodal price and grid congestion forecasting tools for market operators and market Traders To facilitate scenario-conditioned planning Price forecasting for Market Participants (MPs) To manage short for portfolio management by power market participants Conclusion #12;Project OverviewProject Overview Project

  16. Fairness and dynamic pricing: comments

    SciTech Connect (OSTI)

    Hogan, William W.

    2010-07-15

    In ''The Ethics of Dynamic Pricing,'' Ahmad Faruqui lays out a case for improved efficiency in using dynamic prices for retail electricity tariffs and addresses various issues about the distributional effects of alternative pricing mechanisms. The principal contrast is between flat or nearly constant energy prices and time-varying prices that reflect more closely the marginal costs of energy and capacity. The related issues of fairness criteria, contracts, risk allocation, cost allocation, means testing, real-time pricing, and ethical policies of electricity market design also must be considered. (author)

  17. The international fuels report. Supply/price trends and forecasts, 1988

    SciTech Connect (OSTI)

    Swain, C.

    1988-01-01

    This survey of the principal developments in major world energy markets reviews key issues in supply and demand, presents expert opinions on likely developments in the coming year, analyzes pricing prospects, examines world energy requirements, and discusses the outlook for energy consumers and suppliers. Particular emphasis is placed on OECD countries and principal energy suppliers. Tables and graphs of principal energy indicators using the latest available information are included throughout. Providing current data on OPEC price policy and the level of production in the main areas of fossil versus alternative energy sources, this book is a practical planning tool.

  18. An Engineering Approach to Monitoring Market Power in Restructured Markets for Electricity

    E-Print Network [OSTI]

    An Engineering Approach to Monitoring Market Power in Restructured Markets for Electricity C Abstract The high average prices and high volatility of prices in many restructured markets for electricity by resolving the dispatch using the optimal nodal prices as offers with no constraints on capacity. Market

  19. Learning Curve: A Simulation-based Approach to Dynamic Pricing

    E-Print Network [OSTI]

    Greenwald, Amy

    , a market simulator designed for analyzing agent pricing strategies in markets under finite time horizons algorithms using a market simulator that is capable of simulating many different market scenarios, the market environment, and the seller's supply at the moment of the transaction. As dynamic pricing becomes

  20. Natural Gas Demand Markets in the Northeast

    Broader source: Energy.gov (indexed) [DOE]

    their supply portfolio at a lower cost. This represents a 25% drop in the spot market price of natural gas at Henry Hub in the Gulf but a 39% decrease in spot market prices for...

  1. Essays on Pricing Behaviors of Energy Commodities 

    E-Print Network [OSTI]

    Qin, Xiaoyan

    2012-07-16

    This dissertation investigates the pricing behaviors of two major energy commodities, U.S. natural gas and crude oil, using times series models. It examines the relationships between U.S. natural gas price variations and changes in market...

  2. Essays on trades and security prices

    E-Print Network [OSTI]

    Obizhaeva, Anna

    2007-01-01

    This thesis consists of three chapters that investigate the complex relation between security prices and trades of market participants. In the first chapter, I study the evolution of stock prices after trades with different ...

  3. Export markets gain strength

    SciTech Connect (OSTI)

    Fiscor, S.

    2008-02-15

    The prices for internally traded coal in the USA have reached record levels and the future market fundamentals look very good. This is mainly due to Asian demand. The article discusses recent markets for US coal and summarizes findings of a recent study by Hill & Associates entitled 'International coal trade - supply, demand and prices to 2025'. 1 ref., 2 tabs.

  4. Petroleum marketing monthly, July 1988

    SciTech Connect (OSTI)

    Not Available

    1988-09-30

    International crude oil spot markets staged a modest recovery in mid-July, although continued high levels of production, particularly within the Organization of Petroleum Exporting Countries (OPEC), made long term market strength appear unlikely. Crude oil output was held down slightly by temporary situations, including the explosion of the Piper Alpha platform in the North Sea and damage to a Colombian export pipeline. However, production in excess of OPEC quotas by several of its member countries pointed to a continuing surplus of crude oil on world markets in the immediate future. In the United States, the composite refiner acquisition cost of crude oil fell $1.08 per barrel, or 6.9 percent, to an average of $14.63 per barrel for July. Because of the continual slide in crude oil prices throughout June, the late-July price turnaround was not sufficient to result in an increase in the average price for the month. Total refiner sales statistics for the major petroleum products showed a 2.6 percent decrease from June. 12 figs., 53 tabs.

  5. World oil model development. Progress report No. 1

    SciTech Connect (OSTI)

    Gately, D.

    1981-01-01

    A newly developed model of the world oil market is described in this report. This model has the following features: (1) energy is disaggregated into oil and non-oil; (2) the world is disaggregated as follows: the US, the rest of the OECD, OPEC, and the rest of WOCA; and (3) an energy-economy feedback is included. This satisfies some of the tasks in the Contract's Statement of Work. The model is described in Section II. Illustrative results are presented in Section III, for a single price-path: actual OPEC prices from 1973 to 1981, then constant real price thru 1990. These results are also compared with actual historical data for 1973 to 1980.

  6. POWER '99 Conference 1 Stochastic Models of Electricity Spot Price

    E-Print Network [OSTI]

    California at Berkeley. University of

    risks in wholesale and retail markets. · Asset valuation, project selection and financing. ­ Divestiture markets. POWER '99 Conference 4 Application (1): Derivative Pricing Examples: Call Option & Spark Spread electricity spot price spot price Power Marketer Transmission cost? COB: PCOB max( , )S K ST PV loss T COB

  7. Essays on Dynamics of Cattle Prices in Three Developing Countries of Mali, Kenya, and Tanzania 

    E-Print Network [OSTI]

    Bizimana, Jean-Claude

    2012-07-16

    countries of Mali, Kenya, and Tanzania. One way of assessing the efficiency of market and the impacts of liberalization policies is to test for market integration and price transmission. We also analyzed price leadership among the markets in each...

  8. What's happening in Midwest ISO market?

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    attributable to significantly decreased natural gas, oil and coal prices. (fuel costs represent the vast of Presentation Introduction Energy prices in 2006 Day-Ahead Market Performance Real-Time Market Performance;Introduction 2006 is the first full year of market operations in Midwest ISO. Electricity prices in MISO

  9. FACTORS AND FLOWS: INFORMATION AND CREDIT MARKETS,

    E-Print Network [OSTI]

    Sadeh, Norman M.

    the contribution of the credit default swap (CDS) market to price discovery relative to both the option market revealed in the CDS market into prices of equity iii #12;options within a few days, and vice versa. We volatile names. The third chapter studies the effect of macroeconomic announcements on returns, price

  10. Predicting market power in wholesale electricity markets

    E-Print Network [OSTI]

    Newbery, David

    of retailers to secure their supplies ahead of time when the spot market or power exchange is only a relatively thin residual market. 2.1 The Residual Supply Index Given the apparent potential to raise prices above the competitive level, electricity wholesale... wholesale markets operate either as pools or power exchanges, in which genera- tors submit o¤ers to supply varying amounts at successively higher prices, and the demand side speci?es the level of demand it would take at successively lower prices.6...

  11. Demand and Price Uncertainty: Rational Habits in International Gasoline Demand

    E-Print Network [OSTI]

    Scott, K. Rebecca

    2013-01-01

    shock), it is the world crude oil price that must change insuggesting that the crude oil price might be somewhatper capita terms. When crude oil prices are used, these are

  12. Demand and Price Volatility: Rational Habits in International Gasoline Demand

    E-Print Network [OSTI]

    Scott, K. Rebecca

    2011-01-01

    shock), it is the world crude oil price that must change inin the instruments based on crude oil prices. Unfortunately,per capita terms. When crude oil prices are used, these are

  13. Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world

    E-Print Network [OSTI]

    Heffner, Grayson C.

    2002-01-01

    FOR COMPETITIVE ELECTRICITY MARKETS – REVIEW OF DEMANDFOR COMPETITIVE ELECTRICITY MARKETS – REVIEW OF DEMANDof regional and national electricity markets in the U.S. and

  14. Explanation of the Random Lengths Framing Lumber Composite Price

    E-Print Network [OSTI]

    Explanation of the Random Lengths Framing Lumber Composite Price May 10, 2006 The Random Lengths Framing Lumber Composite is a broad measure of price behavior in the U.S. framing lumber market prices, 33% comes from Western U.S. prices, and 34% comes from Canadian prices. The Composite does

  15. Insights from a Simple Hotelling Model of the World Oil Market C.-Y. Cynthia Lina1

    E-Print Network [OSTI]

    Lin, C.-Y. Cynthia

    data used in this study were acquired with the help of Brian Greene and with funds from the Littauer Kennedy School Pre-Doctoral Fellowship in energy policy. All errors are my own. #12;1 1 INTRODUCTION. In a 1980-1981 study by Stanford University's Energy Modeling Forum of ten prominent models of the world oil

  16. Multipollutant markets

    E-Print Network [OSTI]

    Montero, Juan-Pablo

    2001-01-01

    I study the optimal design of marketable permit systems to regulate various pollutants (e.g. air pollution in urban areas) when the regulator lives in a real world of imperfect information and incomplete enforcement. I ...

  17. Sept/Oct 2010 ListProc Newsletter 2009 Honey Crop Prices: Queens and Almonds

    E-Print Network [OSTI]

    Ishida, Yuko

    Proc Newsletter 2009 Honey Crop Prices: Queens and Almonds Yellowjacket Bait CSBA Convention Bee World Revived

  18. Global gas processing will strengthen to meet expanding markets

    SciTech Connect (OSTI)

    Haun, R.R.; Otto, K.W.; Whitley, S.C.; Gist, R.L.

    1996-07-01

    The worldwide LPG industry continues to expand faster than the petroleum industry -- 4%/year for LPG vs. 2%/year for petroleum in 1995 and less than 1%/year in the early 1990s. This rapid expansion of LPG markets is occurring in virtually every region of the world, including such developing countries as China. The Far East is the focus of much of the LPG industry`s attention, but many opportunities exist in other regions such as the Indian subcontinent, Southeast Asia, and Latin America. The investment climate is improving in all phases of downstream LPG marketing, including terminaling, storage, and wholesale and retail distribution. The world LPG supply/demand balance has been relatively tight since the Gulf War and should remain so. Base demand (the portion of demand that is not highly price-sensitive) is expanding more rapidly than supplies. As a result, the proportion of total LPG supplies available for price-sensitive petrochemical feedstock markets is declining, at least in the short term. The paper discusses importers, price patterns, world LPG demand, world LPG supply, US NGL supply, US gas processing, ethane and propane supply, butane, isobutane, and natural gasoline supply, and US NGL demand.

  19. Appliance Efficiency Standards and Price Discrimination

    SciTech Connect (OSTI)

    Spurlock, Cecily Anna

    2013-05-08

    I explore the effects of two simultaneous changes in minimum energy efficiency and ENERGY STAR standards for clothes washers. Adapting the Mussa and Rosen (1978) and Ronnen (1991) second-degree price discrimination model, I demonstrate that clothes washer prices and menus adjusted to the new standards in patterns consistent with a market in which firms had been price discriminating. In particular, I show evidence of discontinuous price drops at the time the standards were imposed, driven largely by mid-low efficiency segments of the market. The price discrimination model predicts this result. On the other hand, in a perfectly competition market, prices should increase for these market segments. Additionally, new models proliferated in the highest efficiency market segment following the standard changes. Finally, I show that firms appeared to use different adaptation strategies at the two instances of the standards changing.

  20. The effects of oil prices and other economic indicators on housing prices in Calgary, Canada

    E-Print Network [OSTI]

    Padilla, Mercedes A. (Mercedes Angeles)

    2005-01-01

    This thesis aims to answer: (1) to what extent can oil prices and other economic indicators predict the changes in housing prices and rent in the Calgary single family housing market and (2) to determine what the lag time ...

  1. Assessment of Prices of Natural Gas Futures Contracts As A Predictor of Realized Spot Prices, An

    Reports and Publications (EIA)

    2005-01-01

    This article compares realized Henry Hub spot market prices for natural gas during the three most recent winters with futures prices as they evolve from April through the following February, when trading for the March contract ends.

  2. Oil Market Simulation model user`s manual

    SciTech Connect (OSTI)

    Not Available

    1992-07-01

    The Oil Market Simulation (OMS) model is a LOTUS 1-2-3 spreadsheet that simulates the world oil market. OMS is an annual model that projects the world oil market through the year 2010 from a data base that begins in 1979. The geographic coverage includes all market economies, with net imports from the centrally planned economies taken as an assumption. The model estimates the effects of price changes on oil supply and demand and computes an oil price path over nine that allows supply and demand to remain in balance within the market economies area as a whole. The input assumptions of OMS are highlighted (in color) on the spreadsheet and include the following: The capacity of the OPEC countries to produce petroleum liquids (crude oil, natural gas liquids, condensates, refinery gains); a reference case projection of regional oil supply and demand at some arbitrary reference path of oil prices over time. The reference case provided with this diskette is that used for EIA`s latest base case in the International Energy Outlook 1992 DOE/EIA-0484(92). The demonstration requires an IBM PC (or compatible), preferably with a color monitor. The demonstration diskette is self-contained, with all the files needed to run the demonstration. It does not, however, have the DOS system files, so this diskette cannot be used to start (boot) the computer.

  3. Negative margins and OPEC prices: how buyers and sellers are coping

    SciTech Connect (OSTI)

    Not Available

    1984-11-28

    Apparent refining margins are so poor that many US refiners have accelerated their destocking, waiting for market uncertainty to be resolved. Margins based on official OPEC prices continue to be virtually all negative, including very light oils from the Middle East; by now, up to half the world's oil trade may reflect spot marketing, compared to less than 10% a few years ago. In today's buyer's market for crude oil, several sellers are resorting to multi-faceted discounts amounting to as much as US $4.50 or more under official OPEC prices. But meanwhile, US oil importers have learned how not to rely so much on a traditional run of crude oil: they are running reduced crude, resid, cat feed, condensate; and they are blending components for lighter products by importing and swapping whenever even pennies per barrel can be saved. This issue presents: (1) refining netback data, US Gulf and West Coasts, late November 1984 (official/contract vs spot crude prices; (2) asphalt export prices to the US from Canada, N. Antilles, and Venezuela; and (3) the fuel price/tax series and industrial fuel prices as of October 1984 for countries of the Western Hemisphere.

  4. An Empirical Investigation of Price Impact: An Agent-based Modelling Approach

    E-Print Network [OSTI]

    Fernandez, Thomas

    . The first study examines the intraday behaviours of price impact and market liquidity. The data is drawn stocks from the UK markets are analysed. The intraday patterns on price volatility, bid-ask spread for understanding how financial markets function as price impact is one of the mechanisms determining price

  5. Volatility and commodity price dynamics

    E-Print Network [OSTI]

    Pindyck, Robert S.

    2001-01-01

    Commodity prices tend to be volatile, and volatility itself varies over time. changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total ...

  6. World Biofuels Study

    SciTech Connect (OSTI)

    Alfstad,T.

    2008-10-01

    This report forms part of a project entitled 'World Biofuels Study'. The objective is to study world biofuel markets and to examine the possible contribution that biofuel imports could make to help meet the Renewable Fuel Standard (RFS) of the Energy Independence and Security Act of 2007 (EISA). The study was sponsored by the Biomass Program of the Assistant Secretary for Energy Efficiency and Renewable Energy (EERE), U.S. Department of Energy. It is a collaborative effort among the Office of Policy and International Affairs (PI), Department of Energy and Oak Ridge National Laboratory (ORNL), National Renewable Energy Laboratory (NREL) and Brookhaven National Laboratory (BNL). The project consisted of three main components: (1) Assessment of the resource potential for biofuel feedstocks such as sugarcane, grains, soybean, palm oil and lignocellulosic crops and development of supply curves (ORNL). (2) Assessment of the cost and performance of biofuel production technologies (NREL). (3) Scenario-based analysis of world biofuel markets using the ETP global energy model with data developed in the first parts of the study (BNL). This report covers the modeling and analysis part of the project conducted by BNL in cooperation with PI. The Energy Technology Perspectives (ETP) energy system model was used as the analytical tool for this study. ETP is a 15 region global model designed using the MARKAL framework. MARKAL-based models are partial equilibrium models that incorporate a description of the physical energy system and provide a bottom-up approach to study the entire energy system. ETP was updated for this study with biomass resource data and biofuel production technology cost and performance data developed by ORNL and NREL under Tasks 1 and 2 of this project. Many countries around the world are embarking on ambitious biofuel policies through renewable fuel standards and economic incentives. As a result, the global biofuel demand is expected to grow very rapidly over the next two decades, provided policymakers stay the course with their policy goals. This project relied on a scenario-based analysis to study global biofuel markets. Scenarios were designed to evaluate the impact of different policy proposals and market conditions. World biofuel supply for selected scenarios is shown in Figure 1. The reference case total biofuel production increases from 12 billion gallons of ethanol equivalent in 2005 to 54 billion gallons in 2020 and 83 billion gallons in 2030. The scenarios analyzed show volumes ranging from 46 to 64 billion gallons in 2020, and from about 72 to about 100 billion gallons in 2030. The highest production worldwide occurs in the scenario with high feedstock availability combined with high oil prices and more rapid improvements in cellulosic biofuel conversion technologies. The lowest global production is found in the scenario with low feedstock availability, low oil prices and slower technology progress.

  7. Market review - Market values summary/October market review/current market data

    SciTech Connect (OSTI)

    1995-11-01

    This article is the October 1995 uranium market summary. In this reporting period, there were four transactions in the natural uranium market, no activity in the spot UF6 market, no activity in the spot conversion market, and only a single activity in the enrichment services market. Spot uranium volume dropped sharply, and active uranium supply rose. The rise in demand, however, more than offset this increase. Unrestricted exchange prices rose slightly, as did the unrestricted UF6 value. All other prices remained steady.

  8. 2011 Wind Technologies Market Report

    E-Print Network [OSTI]

    Bolinger, Mark

    2013-01-01

    and K. Porter. 2011. Wind Power and Electricity Markets.The Effects of Integrating Wind Power on Transmission System41 6. Wind Power Price

  9. Oil market simulation model user's manual

    SciTech Connect (OSTI)

    Not Available

    1988-05-01

    The Oil Market Simulation (OMS) Model is a LOTUS 1-2-3 Spreadsheet that simulates the world oil market. OMS is an annual model with a data base that begins in 1979 and computes projections through the year 2000. The geographic coverage includes all market economies, with net imports from the centrally planned economies taken as an assumption. The model estimate the effects of price changes on oil supply and demand and computes an oil price path over time that allows supply and demand to remain in balance within the market economics area as a whole. The input assumptions of OMS are highlighted (in color) on the spreadsheet and include the following: 1. The capacity of the OPEC countries to produce petroleum liquids (crude oil, natural gas liquids, condensates, refinery gains); 2. A reference case projection of regional oil supply and demand at some arbitrary reference path of oil prices over time. The reference case provided with this diskette is that used or EIA's latest base case in the International Energy Outlook, 1987 DOE/EIA-0484(87). 2 figs., 2 tabs.

  10. Understanding for Grain Marketing

    E-Print Network [OSTI]

    O'Laughlin, Jay

    Understanding for Grain Marketing Commodity Futures and Options CIS1089 The Authors: L.D. MakusContracts A futures contract is a standard- ized contract that is traded on a futures market exchange. The contract. This bulletin presents some marketing tools to help producers recognize the sources of price risk

  11. An analysis of US propane markets, winter 1996-1997

    SciTech Connect (OSTI)

    1997-06-01

    In late summer 1996, in response to relatively low inventory levels and tight world oil markets, prices for crude oil, natural gas, and products derived from both began to increase rapidly ahead of the winter heating season. Various government and private sector forecasts indicated the potential for supply shortfalls and sharp price increases, especially in the event of unusually severe winter weather. Following a rapid runup in gasoline prices in the spring of 1996, public concerns were mounting about a possibly similar situation in heating fuels, with potentially more serious consequences. In response to these concerns, the Energy Information Administration (EIA) participated in numerous briefings and meetings with Executive Branch officials, Congressional committee members and staff, State Energy Offices, and consumers. EIA instituted a coordinated series of actions to closely monitor the situation and inform the public. This study constitutes one of those actions: an examination of propane supply, demand, and price developments and trends.

  12. The bridge across is better known as Marketing. The process of turning your ideas into products, finding the right price for the product, getting it

    E-Print Network [OSTI]

    Calgary, University of

    to survive. Industries where marketers excel include: Banks, insurance companies Oil and Gas exploration and Communication Professionals. To learn more, visit www.calgarycma.com Student Club Alliances in Marketing (AIM

  13. Security Design and Information Aggregation in Markets

    E-Print Network [OSTI]

    Chen, Yiling

    Security Design and Information Aggregation in Markets Yiling Chen Anthony M. Kwasnica Abstract that information aggregation ability of markets is affected by the security design. Behavior of individual Keywords: Security design; Information aggregation; Information market; Price convergence. 1 Introduction

  14. Noncommercial Trading in the Energy Futures Market

    Reports and Publications (EIA)

    1996-01-01

    How do futures markets affect spot market prices? This is one of the most pervasive questions surrounding futures markets, and it has been analyzed in numerous ways for many commodities.

  15. MODELS FOR ELECTRICITY PRICES Avishka Raghoonundun

    E-Print Network [OSTI]

    Fournier, John J.F.

    MODELS FOR ELECTRICITY PRICES by Avishka Raghoonundun BSc (Hons),University of Mauritius,2007 M markets has led to higher uncertainty in electricity prices. Electricity, as a commodity, differs from-storability restriction, the most con- spicuous one is the presence of large spikes in electricity prices. Another outcome

  16. Multicriteria Spatial Price Networks: Statics and Dynamics

    E-Print Network [OSTI]

    Nagurney, Anna

    Multicriteria Spatial Price Networks: Statics and Dynamics Anna Nagurney Department of Finance: In this paper, we develop a spatial price network equilibrium model in which consumers at the demand markets commodity. We provide the governing equilibrium conditions for the multicriteria spatial price problem

  17. Evolution of Water Marketing in California: Formal vs. Informal Property Rights

    E-Print Network [OSTI]

    Bickett, Damian Blase

    2011-01-01

    144. ———. “What price water marketing? : California’s newRev. 26 (1991): ———. “Water Marketing in Wyoming. ” Ariz. L.2000). Zilberman, D. “Water Marketing in California and the

  18. What's happening in Midwest ISO market?

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    What's happening in Midwest ISO market? Review of 2006 Market report for Midwest ISO Department of Presentation Introduction Energy prices in 2006 Day-Ahead Market Performance Real-Time Market Performance Transmission Congestion Details on Day-Ahead Market Details on Real-Time Market Recommendations #12

  19. 2014 Wind Technologies Market Report

    SciTech Connect (OSTI)

    Wiser, R.; Bolinger, M.

    2015-08-01

    According to the 2014 Wind Technologies Market Report, total installed wind power capacity in the United States grew at a rate of eight percent in 2014, bringing the United States total installed capacity to nearly 66 gigawatts (GW), which ranks second in the world and meets 4.9 percent of U.S. end-use electricity demand in an average year. In total, 4,854 MW of new wind energy capacity were installed in the United States in 2014. The 2014 Wind Technologies Market Report also finds that wind energy prices are at an all-time low and are competitive with wholesale power prices and traditional power sources across many areas of the United States. Additionally, a new trend identified by the 2014 Wind Technologies Market Report shows utility-scale turbines with larger rotors designed for lower wind speeds have been increasingly deployed across the country in 2014. The findings also suggest that the success of the U.S. wind industry has had a ripple effect on the American economy, supporting 73,000 jobs related to development, siting, manufacturing, transportation, and other industries.

  20. Flexible procurement strategies smooth price spikes

    SciTech Connect (OSTI)

    Gaalaas, T. [Pace Global Energy Services LLC (United States)

    2006-12-15

    Pace Global Energy Services has been predicting for some time that the recent peaks in spot coal prices were not sustainable and this has been borne out. The latest available data on coal supply and demand fundamental suggest that spot coal prices may decline even more rapidly than previously forecast. Price volatility over the last five years suggests that a flexible procurement strategy that is well adapted to volatile market conditions may be just as important as knowledge of market fundamentals. 3 figs.

  1. An agent-based approach to modeling electricity spot markets

    E-Print Network [OSTI]

    Visudhiphan, Poonsaeng, 1973-

    2003-01-01

    (cont.) The model could also be used to analyze market factors (such as new market rules) and their effects on market price dynamics and market participants' behaviors, as well as to identify the "best" response action of ...

  2. Impact of Misalignment of Trading Agent Strategy across Multiple Markets

    E-Print Network [OSTI]

    McBurney, Peter

    examine the effect of a market pricing policy designed to attract high-valued traders in a multiple market market's policies. Keywords: market design, trading strategy, market selection strategy, multiple markets market due to analytical complexity. The CAT market design competition [9] is aimed at encouraging more

  3. Regulating Wireless Access Pricing Kwanfong Leung and Jianwei Huang

    E-Print Network [OSTI]

    Huang, Jianwei

    user prices change with network's market shares and bandwidth costs. When such direct control change with the network costs and market shares. · Social optimal access pricing: We showRegulating Wireless Access Pricing Kwanfong Leung and Jianwei Huang Department of Information

  4. Essays in capital markets

    E-Print Network [OSTI]

    Makarov, Igor, 1976-

    2006-01-01

    This thesis consists of three essays in capital markets. The first essay presents a dynamic asset pricing model with heterogeneously informed agents. Unlike previous research, the general case where differential information ...

  5. Reactive Power Support Services in Electricity Markets

    E-Print Network [OSTI]

    Reactive Power Support Services in Electricity Markets Costing and Pricing of Ancillary Services Reactive Power Support Services in Electricity Markets Costing and Pricing of Ancillary Services Project and Pricing of Ancillary Services." The project title reflects the original proposal that was prepared

  6. EERE 2014 Wind Technologies Market Report Finds Wind Power at...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    2014 Wind Technologies Market Report Finds Wind Power at Record Low Prices EERE 2014 Wind Technologies Market Report Finds Wind Power at Record Low Prices August 10, 2015 - 11:00am...

  7. Assessment of Heating Fuels and Electricity Markets During the...

    Office of Environmental Management (EM)

    of cold temperatures and severe winter weather had strong effects on energy market prices, demand and supply. Events, trends, and market stressors highlighted in this report...

  8. Definitions of Marketing Terms 

    E-Print Network [OSTI]

    McCorkle, Dean; Dhuyvetter, Kevin C.

    2008-12-05

    . Futures Market Carry spread ? when the nearby futures month is trading at a lower price than a distant futures contract. Carrying charge ? a futures market condi- tion in which distant futures contracts are trad- ing at successively higher levels than... nearby contracts and above cash price offers. Carry- ing charges often indicate a surplus situation. A ?full carrying charge? refers to a carrying charge high enough to fully cover storage and other associated ownership costs. Certifi ed stocks...

  9. Market review - market values summary/February market review/current market data

    SciTech Connect (OSTI)

    1996-03-01

    This article is the February 1996 uranium market report. As reflected by the rising demand and decreasing supply of uranium, prices for UF6 and U3O8 increased. Separation services and conversion services prices remained constant. Data is presented for the recent trades, blocks or uranium for sale or loan, inquiries to purchase or borrow uranium, SWUs available and inquiries to purchase SWUs, and market values of U3O8 and UF6 expressed in selected currencies.

  10. Dynamic Auction for Efficient Competitive Equilibrium under Price Rigidities

    E-Print Network [OSTI]

    Zhang, Dongmo

    Dynamic Auction for Efficient Competitive Equilibrium under Price Rigidities Junwu Zhu1. In an auction market where the price of each selling item is restricted to an admissible interval (price an economy with price rigidities. Talman and Yang (2008) further refined the con- cept and proposed a dynamic

  11. The Story of Stumpage Stumpage Prices \\iJ~,.~,,...... B~

    E-Print Network [OSTI]

    the market calls for. PULPWOOD: Pulpwood prices depend on the global demand for paper products of amajor pulp and paper mill in New York. FIREWOOD: Demand for firewood in New England depends on the price of fossil fuels,particularly No.2fuel oil. (The price of firewood rises as fuel oil prices in

  12. Sawlog prices declined due to a depressed lum-

    E-Print Network [OSTI]

    Sawlog prices declined due to a depressed lum- ber market and drying weather after the wet summer. Continuing shortage of residual chips for pulpwood mills kept pulpwood prices strong in East Texas this period. Hardwood pulpwood prices in Northeast Texas de- clined though. Average stumpage price for pine

  13. Market o ver view The economy and the housing market in Texas have outperformed the rest of the U.S. in recent years. In

    E-Print Network [OSTI]

    in oil prices is a concern and could have a negative impact on the housing market and overall Texas prices are gen- erally tied to the housing market. Timber prices have improved in Texas over the past two. According to Texas Timber Price Trend (TTPT) data, average annual stumpage prices of all five major timber

  14. Oil and natural gas reserve prices, 1982-2002 : implications for depletion and investment cost

    E-Print Network [OSTI]

    Adelman, Morris Albert

    2003-01-01

    A time series is estimated of in-ground prices - as distinct from wellhead prices ? of US oil and natural gas reserves for the period 1982-2002, using market purchase and sale transaction information. The prices are a ...

  15. Essays on gasoline price spikes, environmental regulation of gasoline content, and incentives for refinery operation

    E-Print Network [OSTI]

    Muehlegger, Erich J

    2005-01-01

    Since 1999, regional retail and wholesale gasoline markets in the United States have experienced significant price volatility, both intertemporally and across geographic markets. In particular, gasoline prices in California, ...

  16. Luxury condos : an analysis of sales price and hotel amenities in Manhattan

    E-Print Network [OSTI]

    Dolan, Amelia Jane

    2011-01-01

    The purpose of this research project is to examine the market pricing behavior of condos with hotel amenities in the Manhattan condo market. To do this, data was compiled from multiple sources to track variations in price ...

  17. Power the world's powers the world's economy.

    E-Print Network [OSTI]

    Power the world's economy BUSINESS #12;powers the world's economy. Put yourself in the driver. · A buyer, merchandiser, planner or manager in a retail operation. · The manager of a restaurant or food materials firm. · A marketer promoting a business, nonprofit organization or public agency. · A small

  18. Class Pricing

    E-Print Network [OSTI]

    Wernerfelt, Birger

    2008-01-15

    A contract with K-class pricing divides a large set of goods or services into K classes and assigns a single price to any element of a class. Class pricing can be efficient when several different versions may be traded and ...

  19. Accounting for fuel price risk: Using forward natural gas prices instead of gas price forecasts to compare renewable to natural gas-fired generation

    E-Print Network [OSTI]

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2003-01-01

    Associates, citing NYMEX natural gas bid-offer spreadAnalysis of the Market for Natural Gas Futures. ” The Energyas a Physical Hedge Against Natural Gas Price Movements. ”

  20. Introduction to Futures Markets 

    E-Print Network [OSTI]

    Mintert, James R.; Welch, Mark

    2009-01-07

    or settlement price. Although the margin require- ments are small relative to the total value of the 4 Using Futures Contracts in a Farm Marketing Program There are a number of ways futures contracts can be used in a farm marketing program. Futures... their risk exposure, grain dealers began selling ?To Arrive? contracts, which specified the future date (usually the month) a speci- fied quantity of grain would be delivered to a particular location at a price identified in the contract. Fixing the price...

  1. Vertical Relationships and Competition in Retail Gasoline Markets: An Empirical Evidence from Contract Changes in Southern California

    E-Print Network [OSTI]

    Hastings, Justine

    2000-01-01

    Behavior and Contracts in Retail Markets" American Economicof this potential for retail market power, many studies ofeffects of changes in retail market composition on prices.

  2. The growing world LP-gas supply

    SciTech Connect (OSTI)

    Hoare, M.C.

    1988-11-01

    The possible range of future (LPG) export availabilities is huge, but actual production levels depend on factors, many of which are beyond our direct control - world demand for crude oil and gas, developments in technology, and the price of both energy in general and LPG specifically. Although these factors limit some of the potential developments, a substantial increase in LPG supply is certain, and this is likely to depress its price relative to other products. Over the last few years, a dramatic expansion has taken place in the industry. From 1980 to 1987, non-Communist world production of LPG increased by close to 35%, to a total of 115 million tonnes. If this is set against the general energy scene, LPG represented 3.7% of crude oil production by weight in 1980, rising to 5.4% in 1987. This growth reflects rise in consciousness around the world of the value of the product. LPG is no longer regarded as a byproduct, which is flared or disposed of at low value, but increasingly as a co-product, and much of the growth in production has been due to the installation of tailored recovery systems. LPG markets historically developed around sources of supply, constrained by the costs of transportation. The major exceptions, of course, were the Middle East, the large exporter, and Japan, the large importer.

  3. Determinants of official OPEC crude prices

    SciTech Connect (OSTI)

    Verleger, P.K. Jr.

    1982-05-01

    The hypothesis of this paper is that crude oil, like any other unfinished commodity, is valued for the products derived from it; the purpose is to offer an empirical explanation for changes in the crude price charged by the members of OPEC. The model results show that the market-clearing prices reported to prevail for petroleum products on the principal petroleum spot market at Rotterdam are the primary determinants of changes in official crude prices. A systematic relationship between offical and spot prices is argued to have prevailed since 1974. An appendix clarifies five types of data required for the model. 13 references, 4 tables.

  4. Learning Curve: Analysis of an Agent Pricing Strategy Under Varying Conditions

    E-Print Network [OSTI]

    Greenwald, Amy

    . This paper addresses these issues by presenting a market simulator designed for analyzing agent pricing the Learning Curve Simulator, is designed for testing agent pricing strategies under varied market conditions], we analyzed the effectiveness of two different pricing strategies within a specific market scenario

  5. Islamic Finance Bulletin Conventional Stock Markets 2

    E-Print Network [OSTI]

    Meju, Max

    in Oman crude prices are re- flected in the Oman stock markets returns as it rose by about 5 percent- lar increased from oil importers, and as #12;StockMarkets Table 2: Evolution of Islamic Stock MarketsIslamic Finance Bulletin April 2012 Conventional Stock Markets 2 Islamic Stock Markets 4 Bond

  6. Agricultural Marketing Policy Paper No. 37 Vincent H. Smith

    E-Print Network [OSTI]

    Lawrence, Rick L.

    increased when the harvest time price exceeds the projected harvest price. 3. Revenue Protection Plan), Income Protection (IP), and Indexed Income Protection (IIP) polices into one policy structure. Price a futures contract, price discovery is based on the futures market contracts for a commodity whose price

  7. Horticultural marketing in Kenya: conduct and performance 

    E-Print Network [OSTI]

    Mutoka, Dickson Teyie

    1981-01-01

    at the wholesale ard Retail Levels. . V. DATA ANALYSIS AND RESULTS. 35 37 39 40 41 43 45 48 Price Movement Between Markets. . . . . Wholesale Margin Analysis. Nairobi to Mombasa Price Behavior. . Retail Price Behavior 48 52 64 69 VI . SUMMARY... that would ensure that growers, retailers and consumers are getting the services of fruits and vegetable trade at their lowest cost. ". . . The market is congested by vehicles, overcrowded by market participants, with higher trade margins than necessary...

  8. Table 21. Domestic Crude Oil First Purchase Prices

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Information AdministrationPetroleum Marketing Annual 1999 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  9. Table 21. Domestic Crude Oil First Purchase Prices

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Information AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  10. The Appraisal Journal, Price Effects of High Voltage Transmission...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    data was sufficient to derive precise market price equations via multiple linear regression analysis for both Portland and Seattle. In addition, due to where the rights of way...

  11. Crude Oil Prices Table 21. Domestic Crude Oil First Purchase...

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Information Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  12. Table 34. Reformulated Motor Gasoline Prices by Grade, Sales...

    U.S. Energy Information Administration (EIA) Indexed Site

    Information AdministrationPetroleum Marketing Annual 1998 Table 34. Reformulated Motor Gasoline Prices by Grade, Sales Type, PAD District, and Selected States (Cents per...

  13. Table 32. Conventional Motor Gasoline Prices by Grade, Sales...

    U.S. Energy Information Administration (EIA) Indexed Site

    Information AdministrationPetroleum Marketing Annual 1998 Table 32. Conventional Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon...

  14. Table 34. Reformulated Motor Gasoline Prices by Grade, Sales...

    Gasoline and Diesel Fuel Update (EIA)

    Information AdministrationPetroleum Marketing Annual 1999 Table 34. Reformulated Motor Gasoline Prices by Grade, Sales Type, PAD District, and Selected States (Cents per...

  15. Residential implementation of critical-peak pricing of electricity

    E-Print Network [OSTI]

    Herter, Karen

    2006-01-01

    to time-of-day electricity pricing: first empirical results.S. The trouble with electricity markets: understandingresidential peak-load electricity rate structures. Journal

  16. Petroleum Products Table 31. Motor Gasoline Prices by Grade...

    Gasoline and Diesel Fuel Update (EIA)

    Information AdministrationPetroleum Marketing Annual 2000 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) -...

  17. Prices by Sales Type, PAD District, and Selected States

    Gasoline and Diesel Fuel Update (EIA)

    AdministrationPetroleum Marketing Annual 1999 Table 39. No. 2 Distillate a Prices by Sales Type, PAD District, and Selected States b (Cents per Gallon Excluding Taxes)...

  18. Prices by Sales Type, PAD District, and Selected States

    U.S. Energy Information Administration (EIA) Indexed Site

    AdministrationPetroleum Marketing Annual 1998 Table 39. No. 2 Distillate a Prices by Sales Type, PAD District, and Selected States b (Cents per Gallon Excluding Taxes)...

  19. Fact #835: August 25, 2014 Average Annual Gasoline Pump Price...

    Broader source: Energy.gov (indexed) [DOE]

    More Documents & Publications Fact 888: August 31, 2015 Historical Gas Prices - Dataset Offshore Wind Market and Economic Analysis Report 2013 Response to several...

  20. Table 32. Conventional Motor Gasoline Prices by Grade, Sales...

    U.S. Energy Information Administration (EIA) Indexed Site

    AdministrationPetroleum Marketing Annual 1998 Table 32. Conventional Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) -...

  1. Table 35. Refiner Motor Gasoline Prices by Grade, Sales Type...

    U.S. Energy Information Administration (EIA) Indexed Site

    of table. 134 Energy Information AdministrationPetroleum Marketing Annual 1999 Table 35. Refiner Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per...

  2. Essays on Price Dynamics

    E-Print Network [OSTI]

    Hong, Gee Hee

    2012-01-01

    Small Regular Price Changes . . . . . . . . . . . . . . .4 The Cyclicality of Effective Prices2.3 Wholesale Price vs. Retail

  3. Accounting for fuel price risk when comparing renewable to gas-fired generation: the role of forward natural gas prices

    E-Print Network [OSTI]

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2004-01-01

    Energy Futures: Recent Evidence for Crude Oil, Natural Gas,Gasoline and Heating Oil. UCSC Economics Working Paper No.Papapetrou, E. (2001). "Oil Price Shocks, Stock Market,

  4. 2012 CERTS Reliability & Markets Peer Review - Agenda

    Office of Environmental Management (EM)

    Phil Overholt 9:30 1: Transmission Investment Assessment under Uncertainty About Fuel Prices, Technology, Renewables Penetration and Market Responses Using a Multi-Stage...

  5. Electrifying the Automotive Market | Argonne National Laboratory

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Electrifying the Automotive Market Argonne is developing battery technology that extends the range for electric vehicles while increasing safety and decreasing price. PDF icon...

  6. February 2012 Interview: Jea Yu How to Trade the Perfect Market Storm

    E-Print Network [OSTI]

    Blömker, Dirk

    of price development near the breakout points. Introduction Market mechanics is a branch of technical to the fact that it establishes a connection between price development and the psychology of the market be interpreted as "feedback" from market participants on price development. As a result, market mechanics

  7. Wind Power Price Trends in the United States

    E-Print Network [OSTI]

    Bolinger, Mark

    2010-01-01

    should eventually help wind power regain the downward priceModern Energy Review] Wind Power Price Trends in the Unitedled the world in adding new wind power capacity in 2008, and

  8. Economics, producer politics will shape oil markets through 1996

    SciTech Connect (OSTI)

    Not Available

    1993-10-25

    Two main forces will shape the oil market during the next 3 years. The pace of worldwide economic growth will determine demand growth. Although energy use efficiency has improved, especially in the industrialized world, demand for energy and oil products remains chiefly a function of economic activity. And producing nation politics will have much to say about supply. A crucial and unpredictable variable is when Iraq, now subject to a United Nations trade embargo, resumes exports at significant rates. Demand growth will exceed production increases outside the Organization of Petroleum Exporting Countries, which means an ever-increasing role for the exporters' group. The paper discusses the demand outlook, economic projections, energy intensity, regional energy mixes, world energy mix, petroleum demand, petroleum product demand, supply questions, non-OPEC production, reserves and output capacity, production gains, industry operations (drilling, stocks, refining), prices, price forecasts, and the role of taxes.

  9. MARKETING AND POLICY BRIEFING PAPER

    E-Print Network [OSTI]

    Radeloff, Volker C.

    recently been focused on retail fluid milk prices, especially in Northeastern markets. Based on alleged. Market power may be exercised in both milk processing and retailing. Some fluid milk processors are able margins on their milk sales. In other markets, retailers compete vigorously with each other, keeping

  10. Changes in exchange rates and oil prices for Saudi Arabia and other OPEC members

    SciTech Connect (OSTI)

    Cooper, R.L.

    1994-12-31

    When the U.S. dollar weakens significantly against currencies of other major trading nations, oil-exporting countries often become concerned about both loss of purchasing power for their imports as well as capital losses on dollar-denominated assets. This paper addresses these issues by (1) examining previous studies, (2) reviewing the historical oil price movements of oil denominated in different G-7 currencies, (3) performing a causality test between changes in exchange rates and the price of oil, (4) using an analytical model to relate changes in exchange rates and the price of oil through the world oil market; and (5) evaluating the gains and losses in terms of purchasing power of Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries for selected historical periods.

  11. Deployment of CCS Technologies across the Load Curve for a Competitive Electricity Market as a Function of CO2 Emissions Permit Prices

    SciTech Connect (OSTI)

    Luckow, Patrick; Wise, Marshall A.; Dooley, James J.

    2011-04-18

    Consistent with other published studies, the modelling presented here reveals that baseload power plants are the first aspects of the electricity sector to decarbonize and are essentially decarbonized once CO2 permit prices exceed a certain threshold ($90/ton CO2 in this study). The decarbonization of baseload electricity is met by significant expansions of nuclear power and renewable energy generation technologies as well as the application of carbon dioxide capture and storage (CCS) technologies applied to both coal and natural gas fired power plants. Relatively little attention has been paid thus far to whether intermediate and peaking units would respond the same way to a climate policy given the very different operational and economic context that these kinds of electricity generation units operate under. In this paper, the authors discuss key aspects of the load segmentation methodology used to imbed a varying electricity demand within the GCAM (a state-of-the-art Integrated Assessment Model) energy and economic modelling framework and present key results on the role CCS technologies could play in decarbonizng subpeak and peak generation (encompassing only the top 10% of the load) and under what conditions. To do this, the authors have modelled two hypothetical climate policies that require 50% and 80% reductions in US emissions from business as usual by the middle of this century. Intermediate electricity generation is virtually decarbonized once carbon prices exceed approximately $150/tonCO2. When CO2 permit prices exceed $160/tonCO2, natural gas power plants with CCS have roughly the same marketshare as conventional gas plants in serving subpeak loads. The penetration of CCS into peak load (upper 6% here) is minimal under the scenarios modeled here suggesting that CO2 emissions from this aspect of the U.S. electricity sector would persist well into the future even with stringent CO2 emission control policies in place.

  12. Abusing Text in the Roman and Contemporary Worlds

    E-Print Network [OSTI]

    Middleton, Francesca

    2015-07-30

    ’ occurring across the Anglophone world (Rich 2007). In the UK, the launch was also met by controversy around the book’s marketing, as the major supermarket chain Asda initially listed Deathly Hallows at half Bloomsbury’s recommended retail price... an unprecedented level of power over the Iliad and Homer as an author. This particular desire for a controlled Homer is thematised in an epigram by the poet Martial, XIV 184: Homer in a fistful of papers Ilium and Ulysses, enemy of King Priam, equally lie...

  13. A new era for oil prices

    E-Print Network [OSTI]

    Mitchell, John V.

    2006-01-01

    Since 2003 the international oil market has been moving away from the previous 20-year equilibrium in which prices fluctuated around $25/bbl (in today's dollars). The single most important reason is that growing demand has ...

  14. Factors Affecting Cotton Producers' Choice of Marketing Outlet 

    E-Print Network [OSTI]

    Pace, Jason 1979-

    2012-08-16

    In recent years, changes in government policies, supply and demand fundamentals and price patterns in the cotton market have led to several shifts in how producers market their cotton. This thesis examined producer cash marketing choices, including...

  15. What drives option prices? Frdric Abergel1

    E-Print Network [OSTI]

    Paris-Sud XI, Université de

    . The study reveals that while the modeling of stochastic volatility gives more robust models, the market does 2 Theoretical framework 4 3 Intraday joint dynamics of option and underlying prices 5 3.1 EppsWhat drives option prices? Frédéric Abergel1 and Riadh Zaatour2 Chair of Quantitative Finance Ecole

  16. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    2008. Capacity payments in imperfect electricity markets:capacity adequacy in the competitive electricity marketelectricity market design with price caps and a separate capacity market,

  17. Optimal Risk-aware Power Procurement for Data Centers in Day-Ahead and Real-Time Electricity Markets

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    : Data Center, Day-ahead Market, Real-time Market, Price Diversity, Power Procurement, Service: (a) The Ameren retail price trends [18]. (b) The PJM wholesale market price trends [19]. prices, [12Optimal Risk-aware Power Procurement for Data Centers in Day-Ahead and Real-Time Electricity

  18. Marketing meeting

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantityBonneville Power Administration would likeUniverseIMPACTThousandReport)PriceHistoricEnergyApril 25,4MarioMark D.MarkMarketDHP

  19. Inefficiencies and Market Power in Financial Arbitrage: A Study of California’s Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Wolfram, Catherine D

    2006-01-01

    in the California Power Exchange Energy Markets. ” Preparedhour. Trading in the Power Exchange (PX) took place the dayahead prices in the Power Exchange were more than 15% below

  20. Inefficiencies and Market Power in Financial Arbitrage: A Study of California's Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Knittel, Christopher R.; Wolfram, Catherine

    2004-01-01

    in the California Power Exchange Energy Markets. ” Preparedhour. Trading in the Power Exchange (PX) took place the dayahead prices in the Power Exchange were more than 15% below

  1. Sunday, August 30, 2009Life Science Network: Chemie.DE Bionity.COM Quimica.ES ChemieKarriere.NET BioKarriere.NET analytica-world.com Current News

    E-Print Network [OSTI]

    Rogers, John A.

    Business Career Cooperation Finances Laws Manufacturing Market People Politics Price Development Products

  2. Market Integration, Efficiency, and Interconnectors: The Irish Single Electricity Market

    E-Print Network [OSTI]

    Nepal, Rabindra; Jamasb, Tooraj

    integration between SEM and other European markets and thereby raising the possibility to benefit from increased electricity trade. As wholesale prices in SEM remain relatively high and volatile; a larger interconnector capacity can promote competition, close...

  3. 47 Natural Gas Market Trends NATURAL GAS MARKET TRENDS

    E-Print Network [OSTI]

    of the chapter addresses the forecast of coal prices to specific coal-fired power plants in the northwest;Natural Gas Market Trends 48 percent was produced within the state. Another 17 percent came from Canada

  4. Empirical Regularities of Asymmetric Pricing in the Gasoline Industry

    E-Print Network [OSTI]

    Niebur, Ernst

    characteristics correlate with the speed of cost to retail price pass-through. The driving and commuting behaviorEmpirical Regularities of Asymmetric Pricing in the Gasoline Industry Marc Remer August 2, 2010 pricing in the retail gasoline industry, and also documents empirical regularities in the market. I find

  5. Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world

    E-Print Network [OSTI]

    Heffner, Grayson C.

    2002-01-01

    MARKETS – REVIEW OF DEMAND RESPONSE PROGRAMS IN THE U.S. ANDMARKETS – REVIEW OF DEMAND RESPONSE PROGRAMS IN THE U.S. ANDend-users they serve. Demand Response Programs, once called

  6. EFFECTS OF CHANGES IN U.S. ETHANOL PRODUCTION FROM CORN GRAIN, CORN STOVER, AND SWITCHGRASS ON WORLD AGRICULTURAL MARKETS AND TRADE 

    E-Print Network [OSTI]

    Campiche, Jody L.

    2010-07-14

    The renewable energy industry continues to expand at a rapid pace. New advances in cellulosic ethanol technologies have the potential to reduce our dependency on foreign oil. The evolution of these new biofuel markets could have significant effects...

  7. Reliability and Competitive Electricity Markets

    E-Print Network [OSTI]

    Joskow, Paul; Tirole, Jean

    2006-03-14

    Deregulation of the electricity sector has resulted in conflict between the economic aims of creating competitive wholesale and retail markets, and an engineering focus on reliability of supply. The paper starts by deriving the optimal prices...

  8. How good are supply function equilibrium models: an empirical analysis of the ERCOT balancing market

    E-Print Network [OSTI]

    Sioshansi, Ramteen; Oren, Shmuel

    2007-01-01

    actual market-clearing price for energy (MCPE) to that which15% of their scheduled energy at any price within the pricefor decremental energy, with a price ?oor of -$1000. 3

  9. Correlation structure and principal components in global crude oil market

    E-Print Network [OSTI]

    Dai, Yue-Hua; Jiang, Zhi-Qiang; Jiang, George J; Zhou, Wei-Xing

    2014-01-01

    This article investigates the correlation structure of the global crude oil market using the daily returns of 71 oil price time series across the world from 1992 to 2012. We identify from the correlation matrix six clusters of time series exhibiting evident geographical traits, which supports Weiner's (1991) regionalization hypothesis of the global oil market. We find that intra-cluster pairs of time series are highly correlated while inter-cluster pairs have relatively low correlations. Principal component analysis shows that most eigenvalues of the correlation matrix locate outside the prediction of the random matrix theory and these deviating eigenvalues and their corresponding eigenvectors contain rich economic information. Specifically, the largest eigenvalue reflects a collective effect of the global market, other four largest eigenvalues possess a partitioning function to distinguish the six clusters, and the smallest eigenvalues highlight the pairs of time series with the largest correlation coefficie...

  10. Applications of Nash Equilibria In Electricity Markets

    E-Print Network [OSTI]

    Lavaei, Javad

    in the stack, while high price offers are promising during peak demand. The electricity price is thereforeApplications of Nash Equilibria In Electricity Markets Term Paper Seminar Electrical Power Networks Energy #12;1. Introduction Liberalized electricity markets challenge their participants in multiple ways

  11. CSEM WP 132 MARKET POWER IN CALIFORNIA'S

    E-Print Network [OSTI]

    California at Berkeley. University of

    RFG) gasoline have again exceeded U.S. average prices by much more than the difference in production costs.........................................................................................................28 #12;1 1. Introduction In March 2004, California gasoline prices once again increased rapidlyCSEM WP 132 MARKET POWER IN CALIFORNIA'S GASOLINE MARKET Severin Borenstein, James Bushnell

  12. An option pricing theory explanation of the invasion of Kuwait

    SciTech Connect (OSTI)

    Muhtaseb, M.R.

    1995-12-31

    The objective of this paper is to explain the invasion of Kuwait by making an analogy between a call option and the Iraq-Kuwait situation before the invasion on August 2, 1990. A number of factors contributed to the issuance of a deep-in-the money European call option to Iraq against Kuwait. The underlying asset is the crude oil reserves under Kuwait. Price of crude oil is determined in world spot markets. The exercise price is equal to the cost of permanently annexing and retaining Kuwait. The volatility is measured by the annualized variance of the weekly rate of return of the spot price of crude oil. Time-to-expiration is equal to the time period between decision date and actual invasion date. Finally, since crude oil prices are quoted in U.S. dollars, the U.S. Treasury bill rate is assumed to be the risk-free rate. In a base-case scenario, Kuwait`s oil reserves amount to 94,500 million barrels valued at $18 a barrell in early February 1990 resulting in a market value of $1,701 billion. Because the cost of the war to Iraq is not known, we assume it is comparable to that of the U.S.-led coalition of $51.0 billion. Time-to-expiration is six months. The treasury bill rate in early 1990 was around 7.5 percent. Annualized standard deviation of weekly rates of return is 0.216. The value of Kuwait`s invasion option is $1,642.25 billion. Depending on the scenario, the value of this special option ranged between $1,450 billion and $3.624 billion. 10 refs., 1 tab.

  13. "Optimal Market Grain Over Space and Time"* Nodir Adilov and Richard E. Schuler

    E-Print Network [OSTI]

    and higher spot market prices, even without risk-aversion. * This work was sponsored by the Power Systems

  14. Using Marketing Muscle to Sell Fat: The Rise of Obesity in the Modern Economy

    E-Print Network [OSTI]

    Zimmerman, Frederick J

    2011-01-01

    marketing mix Product Product innovation Price Value mealdeals, product placement, product innovation, sophisticatedextension, sales. Food product innovation. Food science en-

  15. Climate change policy and its effect on market power in the gas market

    E-Print Network [OSTI]

    Newbery, David

    2006-03-14

    Climate change policy and its effect on market power in the gas market David Newbery Faculty of Economics, Cambridge 10 November 2005 Abstract The European Emissions Trading Scheme (ETS) limits CO2 emissions from covered sectors... the market power of gas suppliers, and also amplifying the impact of gas price increases on the price of electricity. A rough estimate using just British data suggests that this could increase gas market power by 50%. Key words Climate change...

  16. Natural Gas Wellhead Price

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets16 (next20, 2008 Next3,4,04, 20119,7,1

  17. Natural Gas Wellhead Price

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets16 (next20, 2008 Next3,4,04, 20119,7,1

  18. Natural Gas Citygate Price

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets See(STEO),7F e b r61-£661.loading new4.21

  19. Natural Gas Industrial Price

    Gasoline and Diesel Fuel Update (EIA)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (Billion Cubic Feet) Wyoming Dry NaturalPrices1Markets See(STEO),7F e28 3.24 3.23200950 3.69 3.68

  20. 2009 Wind Technologies Market Report

    E-Print Network [OSTI]

    Wiser, Ryan

    2010-01-01

    2010. International Wind Energy Development: World MarketUniversity. American Wind Energy Association (AWEA). 2010a.Washington, DC: American Wind Energy Association. American

  1. Trends in Utility Green Pricing Programs (2005)

    Broader source: Energy.gov [DOE]

    This report presents year-end 2005 data on utility green pricing programs, and examines trends in consumer response and program implementation over time. The data in this report, which were obtained via a questionnaire distributed to utility green pricing program managers, can be used by utilities to benchmark the success of their green power programs. It is important to note that this report covers only a portion of voluntary markets for renewable energy. It does not cover green power sold by independent marketers except for cases in which the marketers work in conjunction with utilities or default electricity suppliers.

  2. Retrospective Evaluation of Appliance Price Trends

    SciTech Connect (OSTI)

    Dale, Larry; Antinori, Camille; McNeil, Michael; McMahon, James E.; Fujita, K. Sydny

    2008-07-20

    Real prices of major appliances (refrigerators, dishwashers, heating and cooling equipment) have been falling since the late 1970s despite increases in appliance efficiency and other quality variables. This paper demonstrates that historic increases in efficiency over time, including those resulting from minimum efficiency standards, incur smaller price increases than were expected by Department of Energy (DOE) forecasts made in conjunction with standards. This effect can be explained by technological innovation, which lowers the cost of efficiency, and by market changes contributing to lower markups and economies of scale in production of higher efficiency units. We reach four principal conclusions about appliance trends and retail price setting: 1. For the past several decades, the retail price of appliances has been steadily falling while efficiency has been increasing. 2. Past retail price predictions made by DOE analyses of efficiency standards, assuming constant prices over time, have tended to overestimate retail prices. 3. The average incremental price to increase appliance efficiency has declined over time. DOE technical support documents have typically overestimated this incremental price and retail prices. 4. Changes in retail markups and economies of scale in production of more efficient appliances may have contributed to declines in prices of efficient appliances.

  3. Forward capacity market CONEfusion

    SciTech Connect (OSTI)

    Wilson, James F.

    2010-11-15

    In ISO New England and PJM it was assumed that sponsors of new capacity projects would offer them into the newly established forward centralized capacity markets at prices based on their levelized net cost of new entry, or ''Net CONE.'' But the FCCMs have not operated in the way their proponents had expected. To clear up the CONEfusion, FCCM designs should be reconsidered to adapt them to the changing circumstances and to be grounded in realistic expectations of market conduct. (author)

  4. Cingular World Basics Pricing Country Name

    E-Print Network [OSTI]

    Fisher, Kathleen

    .49 COMOROS (MAYOTTE IS.) 269 $2.69 KENYA 254 $0.79 REUNION ISLND-FRENCH 262 $1.19 ZIMBABWE 263 $0.59 CONGO

  5. STEO January 2013 - world oil prices

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity ofkandz-cm11 Outreach Home RoomPreservation of Fe(II) byMultidayAlumni > The2/01/12 Page 1NEWSSupportcoal demand

  6. Essays in Competition and Investment in Electricity Market 

    E-Print Network [OSTI]

    Tang, Xin

    2014-11-07

    Many jurisdiction has opened retail electricity markets to competition. In Texas, retailers offer hundreds of electricity plans with different prices. The first paper uses search cost and product differentiation to explain the price dispersion using...

  7. The dynamics of commodity spot and futures markets

    E-Print Network [OSTI]

    Pindyck, Robert S.

    2001-01-01

    I discuss the short-run dynamics of commodity prices, production, and inventories, as well as the sources and effects of market volatility. I explain how prices, rates of production, and inventory levels are interrelated, ...

  8. Nonlinear Analysis and Dynamic Structure in the Energy Market

    E-Print Network [OSTI]

    Aghababa, Hajar

    2012-08-31

    and tests different null hypotheses. It utilizes the daily spot price observations on five major products in the energy market. The results suggest that the time series daily spot prices of the energy products are highly nonlinear in their nature...

  9. Pine and hardwood pulpwood stumpage prices continued an upward trend in March/

    E-Print Network [OSTI]

    Pine and hardwood pulpwood stumpage prices continued an upward trend in March/ April 2010. The strong global pulp market and wet weather conditions in East Texas pushed up the pulpwood stumpage prices to a eight-month high. Lumber and panel prices continued rising. Observers com- mented that the price surge

  10. Biennial Assessment of the Fifth Power Plan Interim Report on Electric Price Forecasts

    E-Print Network [OSTI]

    Biennial Assessment of the Fifth Power Plan Interim Report on Electric Price Forecasts Electricity prices in the Council's Power Plan are forecast using the AURORATM Electricity Market Model of the entire prices at several pricing points in the West, four of which are in the Pacific Northwest. The one most

  11. Understanding International Price Submitted in partial fulfillment of the requirements for

    E-Print Network [OSTI]

    Sadeh, Norman M.

    on their rivals costs and face international trade frictions, they optimally choose to price to market. The model, we use this time period to test the basic prediction of the trade cost model that price dispersion on microeconomic trade costs and prices. We construct trade-weighted averages for price dispersion and trade costs

  12. An hour-ahead prediction model for heavy-tailed spot prices Jae Ho Kim, Warren B. Powell

    E-Print Network [OSTI]

    Powell, Warren B.

    . Daily volatilities of 20-30% are common in electricity markets. For a comparison, stock markets market participants about the pos- sibility of pro...ttng through short-term trading by taking advantage of the large volatilities. Unlike stock prices, it is well-known that electricity prices in deregulated markets

  13. Understanding Crude Oil Prices

    E-Print Network [OSTI]

    Hamilton, James Douglas

    2008-01-01

    2004. “OPEC’s Optimal Crude Oil Price,” Energy Policy 32(2),percent change in real oil price. Figure 3. Price of crude023 Understanding Crude Oil Prices James D. Hamilton June

  14. REVISED NATURAL GAS MARKET ASSESSMENT

    E-Print Network [OSTI]

    CALIFORNIA ENERGY COMMISSION REVISED NATURAL GAS MARKET ASSESSMENT In Support of the 2007's natural gas market. It covers natural gas demand, supply, infrastructure, price, and possible alternative and the related Scenarios Project, and additional updated information. California natural gas demand growth

  15. Vehicle Technologies Market Report

    E-Print Network [OSTI]

    billion in 2010 · The average price of a new car is just under $25,000 · Sixteen percent of household.2% · Nearly 14% of cars sold in 2010 have continuously variable transmissions · Two-thirds of new lightVehicle Technologies Market Report February 2012 2011 #12;Quick Facts Energy and Economics

  16. Dynamic pricing and stabilization of supply and demand in modern electric power grids

    E-Print Network [OSTI]

    Roozbehani, Mardavij

    The paper proposes a mechanism for real-time pricing of electricity in smart power grids, with price stability as the primary concern. In previous publications the authors argued that relaying the real-time wholesale market ...

  17. Can Deployment of Renewable Energy and Energy Efficiency Put Downward Pressure on Natural Gas Prices

    E-Print Network [OSTI]

    Wiser, Ryan; Bolinger, Mark

    2005-01-01

    LNG)] – the wealth redistribution would increase aggregate domestic welfare. 6 Finally, lower natural gas pricesLNG. Such trade may make natural gas a less-national and more-worldwide market, with prices

  18. Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Industry

    E-Print Network [OSTI]

    Lewis, Matt

    2003-01-01

    Adjustment of U.K. Retail Gasoline Prices to Cost Changes. ”C. and R. Gilbert (1997) “Do Gasoline Prices Respond Asym-Asymmetries in Local Gasoline Markets” Energy Economics

  19. Regional Comparisons, Spatial Aggregation, and Asymmetry of Price Pass-Through

    Reports and Publications (EIA)

    2005-01-01

    Spot to retail price pass-through behavior of the U.S. gasoline market was investigated at the national and regional levels, using weekly wholesale and retail motor gasoline prices from January 2000 to the present.

  20. Modeling and simulation of consumer response to dynamic pricing.

    SciTech Connect (OSTI)

    Valenzuela, J.; Thimmapuram, P.; Kim, J (Decision and Information Sciences); (Auburn Univ.)

    2012-08-01

    Assessing the impacts of dynamic-pricing under the smart grid concept is becoming extremely important for deciding its full deployment. In this paper, we develop a model that represents the response of consumers to dynamic pricing. In the model, consumers use forecasted day-ahead prices to shift daily energy consumption from hours when the price is expected to be high to hours when the price is expected to be low while maintaining the total energy consumption as unchanged. We integrate the consumer response model into the Electricity Market Complex Adaptive System (EMCAS). EMCAS is an agent-based model that simulates restructured electricity markets. We explore the impacts of dynamic-pricing on price spikes, peak demand, consumer energy bills, power supplier profits, and congestion costs. A simulation of an 11-node test network that includes eight generation companies and five aggregated consumers is performed for a period of 1 month. In addition, we simulate the Korean power system.