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Why Germany's “Gas Price Brake” Encourages Moral Hazard and Raises Gas Prices
Dertwinkel-Kalt, Markus; Wey, Christian - 2022
To help German households and firms with exploding energy costs, the German government is about to implement a new transfer scheme called “gas price brake.” A unique feature of this energy price relief measure is that both households and the industry receive a transfer that increases in...
Persistent link: https://www.econbiz.de/10014256244
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Diesel, Conventional Gas, Jet Fuel, and Natural Gas Equity and Commodity Project Risk Across the Oil and Gas Industry
Carson, Scott Alan - 2022
Oil and gas company returns are compared between upstream, midstream, and down-stream sectors from 2000 through 2020. Crude oil, natural gas, and distillate returns reflect project risk, infrastructure, and conditions within the industry. Equity, commodity, and distillate markets positively...
Persistent link: https://www.econbiz.de/10014240484
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Trade Policy Along the Global Value Chain : A Rationale for the Existence of Deep Trade Agreements
Egger, Hartmut; Fischer-Thöne, Christian - 2022
This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...
Persistent link: https://www.econbiz.de/10014240317
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Are Trade Preferences a Panacea? The African Growth and Opportunity Act and African Exports
Fernandes, Ana M. - 2019
Does "infant industry" preferential access durably boost export performance? This paper exploits significant trade …-Fiber Arrangement (MFA) in 2005 is used to assess whether apparel export expansions survived the erosion of preferences. To find a … East Africa the recent export growth was driven by new entrants rather than incumbent firms whose competitiveness might …
Persistent link: https://www.econbiz.de/10012866374
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Deep Trade Agreements and Heterogeneous Firms Exports
Neri-Lainé, Matteo; Orefice, Gianluca; Ruta, Michele - 2023
depth of trade agreements matters for the export performance of firms. Moving from shallow to deep trade agreements boosts …
Persistent link: https://www.econbiz.de/10014356326
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The Intensive Margin in Trade
Fernandes, Ana M. - 2019
Is the variation in bilateral trade flows across countries primarily due to differences in the number of exporting firms (the extensive margin) or in the average size of an exporter (the intensive margin)? And how does this affect the estimation and quantitative implications of the Melitz (2003)...
Persistent link: https://www.econbiz.de/10012890632
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The Role of Non-Discrimination in a World of Discriminatory Preferential Trade Agreements
Saggi, Kamal - 2020
In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...
Persistent link: https://www.econbiz.de/10012839848
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Preferential Trade Agreements and Global Sourcing
Ornelas, Emanuel - 2019
We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies underinvestment. That inefficiency is mitigated by a PTA, because the agreement...
Persistent link: https://www.econbiz.de/10012892256
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Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies
Agnosteva, Delina - 2020
We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...
Persistent link: https://www.econbiz.de/10012822505
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Rules of Origin and Market Power
Chung, Wanyu - 2020
would obtain under an equivalent import tariff, and we document patterns in Canadian export data and US producer price data …
Persistent link: https://www.econbiz.de/10012824587