Showing 1 - 10 of 328
purpose, we use a detailed numerical model for the energy markets in Europe and Russia - LIBEMOD. Our results suggest that … removing implicit subsidies to Russian gas consumers will have substantial impacts on total consumption of gas in Russia …
Persistent link: https://www.econbiz.de/10010533092
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...
Persistent link: https://www.econbiz.de/10010464693
Policies to address climate change and the energy transition are increasingly gaining ground. However, a large body of research has mainly focused on the efficiency aspect of different instruments rather than their unintended side-effects. Only recently, both policymakers as well as researchers...
Persistent link: https://www.econbiz.de/10015075048
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10009571212
Using Russia as a case study and a global VAR model as a methodological tool, we analyze how heightened geopolitical … response functions in response to the skyrocketing Russian geo-political risk shock after Russia's invasion of Ukraine revealed …
Persistent link: https://www.econbiz.de/10014452016
-market-shock structures of production. Tracking voting outcomes at the district level in Russia's presidential elections, we document …
Persistent link: https://www.econbiz.de/10013365157
With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …
Persistent link: https://www.econbiz.de/10013186412
The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...
Persistent link: https://www.econbiz.de/10013362395
panel difference-in-differences estimations and an event study design. Motivated by the claim that China and Russia … purposefully undermine US sanction efforts, we test whether target countries' trade with China and Russia increases under US trade … sanctions. We find no evidence for systematic sanction busting. Russia does not change its trade patterns with sanctioned …
Persistent link: https://www.econbiz.de/10013455721
Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters. Traditional tax incidence theory presumes spot...
Persistent link: https://www.econbiz.de/10011399311