Showing 1 - 10 of 3,589
We show that gasoline retailer profits heavily depend on the direction of wholesale cost movements. Using a unique, firm-level, proprietary sample of 121 U.S. gasoline retailers collectively operating over 4500 stores, we find that it tends to be only in months when wholesale prices are...
Persistent link: https://www.econbiz.de/10011100133
Ease of entry is crucial to well-functioning electricity markets. This paper investigates the patterns of entry in the generation segment of the electricity industry of OECD countries and seeks to provide an understanding of their key determinants. It aims to derive implications for the design...
Persistent link: https://www.econbiz.de/10011588355
In this paper, we analyze the strategic function of gas storage focusing on how gas storage decisions impact competition between gas companies on both spot and downstream markets. Using a two-tier oligopolistic structure, we first show that gas storage is actually used strategically even in a...
Persistent link: https://www.econbiz.de/10010729334
This paper investigates the relationship between absolute energy consumption and gross domestic product (GDP) per … capita for 113 countries over the period 1971–2004. Energy has been scarcely explored in the Environmental Kuznets curve (EKC … innovative. Firstly, in order to closely adhere to the EKC narratives, the indicator of environmental pressure (energy) is taken …
Persistent link: https://www.econbiz.de/10010809471
Outlook to explain recent developments in core inflation, excluding food and energy, based on developments in measures of … economic slack (the output gap), spill-over effects from energy prices onto core inflation and lagged responses to past … inflation via expectations formation. The fact that the knock-on effects from energy shocks onto core inflation appear small in …
Persistent link: https://www.econbiz.de/10005045610
Africa is well endowed with potential for hydro and solar power, but its other endowments – shortages of capital, skills, and governance capacity – make most of the green options relatively expensive, while its abundance of hydro-carbons makes fossil fuels relatively cheap. Current power...
Persistent link: https://www.econbiz.de/10010593862
energy technology was relatively limited. In the two subsequent decades a great deal has been learned. The problem of …
Persistent link: https://www.econbiz.de/10010593869
This paper reassesses the causal relationship between per capita energy use and gross domestic product, while … between income and energy use. In doing so we contribute to an old debate using modern tools that shed a new light. There is … causality running from capital formation and GDP to energy usage. In the long run the reverse causality, found in recent work …
Persistent link: https://www.econbiz.de/10010616840
A factor proportions model examines the effects of falling energy input and its rising price in the US economy based on … separate interaction of energy and labor with capital, estimated with annual data from 1951 to 2008. Energy has a large output … elasticity and inelastic own input demand. A rising energy price lowers the return to capital in the general equilibrium even …
Persistent link: https://www.econbiz.de/10011100083
The energy industry is facing substantial challenges that require the fostering of innovation. In this paper we analyse …&D intensity is positively related to process innovation. Second, the main barriers that hamper innovation in the energy industry …
Persistent link: https://www.econbiz.de/10011115907