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Elasticities of Supply for the US Natural Gas Market
2014
Social Science Research Network
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In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an Autoregressive Distributed Lag (ARDL) Bound Cointegration approach to obtain short and long-run elasticities of natural gas supply. Results suggest that natural gas producers in a competitive market are not able
doi:10.2139/ssrn.2433002
fatcat:idqhlc63irgrvdb4sstfjzkflq