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The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets
Borenstein, Severin - 2010
Residential natural gas customers in the United States face volumetric charges for natural gas that average about 30% more than marginal cost. The large markup on natural gas - which is used to cover the fixed infrastructure and operating costs of the local distribution companies - is widely...
Persistent link: https://www.econbiz.de/10012462003
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Efficient Contracting and Market Power : Evidence from the U.S. Natural Gas Industry
Hubbard, R. Glenn - 1990
It is well recognized by economists that long-term contracting under an array of price and non-price provisions may be an efficient response to small-numbers bargaining problems. Empirical work to distinguish such issues from predictions of models of market power and bargaining has been sparse,...
Persistent link: https://www.econbiz.de/10012475525
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The Market and Climate Implications of U.S. LNG Exports
Stock, James H.; Zaragoza-Watkins, Matthew - National Bureau of Economic Research - 2024
From 2015 to 2023, the United States transformed from a net importer of natural gas to the world's largest liquified natural gas (LNG) exporter. We find that this surge in LNG exports has reconnected U.S. gas prices to world market prices, after a hiatus of "shut-in" fracked gas. We estimate...
Persistent link: https://www.econbiz.de/10014512082
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Geopolitical Shocks And Commodity Market Dynamics : New Evidence From The Russian-Ukraine Conflict
Aizenman, Joshua; Lindahl, Robert; Stenvall, David; … - National Bureau of Economic Research - 2023
We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on selected agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (3%) and European natural gas...
Persistent link: https://www.econbiz.de/10014447271
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Restructuring
Blanchard, Olivier (contributor) - 1994
Persistent link: https://www.econbiz.de/10000112367
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Big bad banks? : the impact of u.s. branch deregulation on income distribution
Beck, Thorsten - 2007
States intensified, ameliorated, or had no effect on income distribution. We find that branch deregulation lowered income … inequality. Deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of …
Persistent link: https://www.econbiz.de/10010521579
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Farm productivity and market structure : evidence from cotton reforms in Zambia
Brambilla, Irene - 2005
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty alleviation, in rural Zambia. The reforms comprised the elimination of the Zambian cotton marketing board that was in place since 1977. Following liberalization, the sector adopted an...
Persistent link: https://www.econbiz.de/10010522398
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Law and employment : lessons from Latin America and the Caribbean
Heckman, James J. (ed.) - 2004
Persistent link: https://www.econbiz.de/10002545132
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The Competition Between Competition Rules
Sinn, Hans-Werner - 1999
profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national …
Persistent link: https://www.econbiz.de/10012471517
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Japan's Big Bang and the Transformation of Financial Markets
Ito, Takatoshi - 1999
A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper … the deregulation. Intra-day data are analyzed with the following results: (1) Holding constant the effects of volume and … volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2 …
Persistent link: https://www.econbiz.de/10012471543