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Collusive Agreements in Vertically Differentiated Markets
Marini, Marco A. - 2017
proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms' products along the quality …
Persistent link: https://www.econbiz.de/10012954129
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Unconventional Gas and the European Union : Prospects and Challenges for Competitiveness
Vollebergh, Herman R.J. - 2014
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...
Persistent link: https://www.econbiz.de/10013044543
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Unconventional Gas and the European Union: Prospects and Challenges for Competitiveness
Vollebergh, Herman R. J.; Drissen, Eric - CESifo - 2014
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...
Persistent link: https://www.econbiz.de/10010948880
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Mothballing in a Duopoly : Evidence from a (Shale) Oil Market
Comincioli, Nicola; Hagspiel, Verena; Kort, Peter M.; … - 2020
The mothballing option has been studied in the literature, but mainly in decision theoretic frameworks. This paper looks at it from a strategic point of view and applies it to an incumbent-entrant framework. In particular, based on the recent strategic interactions between OPEC and the shale oil...
Persistent link: https://www.econbiz.de/10014090989
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Unconventional Gas and the European Union : Prospects and Challenges for Competitiveness
Vollebergh, Herman R.J. - 2015
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...
Persistent link: https://www.econbiz.de/10013030220
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The U.S. Dollar Exchange Rate and the Demand for Oil
De Schryder, Selien - 2013
Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...
Persistent link: https://www.econbiz.de/10013086048
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The Impacts of Exogenous Oil Supply Shocks on Mediterranean Economies
Bastianin, Andrea - 2016
The security of energy supply is a key geopolitical factor in the relationship between the European Union and the southern neighborhood countries of the Middle East and North Africa region. We study the response of eight Mediterranean economies to exogenous oil supply shocks. We focus on the...
Persistent link: https://www.econbiz.de/10013001020
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The External Cost of European Crude Oil Imports
Bigano, Andrea - 2009
This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms...
Persistent link: https://www.econbiz.de/10013160215
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Modelling the Global Price of Oil : Is There Any Role for the Oil Futures-Spot Spread?
Valenti, Daniele - 2018
In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...
Persistent link: https://www.econbiz.de/10014115111
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina - 2018
. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10012926563