-specific pricing is primarily related to fall/winter peak-load gas pricing and that mean reversion in relative prices is dependent on … the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …

supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand … was driven by adverse supply shocks and positive storage demand shocks, as Germany filled its inventories before the … shocks have large and persistent price effects, while output effects tend to be moderate. The 2022 natural gas price spike …

, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant … driver of the real price of oil. The focus of this paper is not only on correcting some misunderstandings in the recent …

We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada …

We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter …-on-quarter producer price inflation is predicted to decline by as much as 1.5 percentage points through August 2020. These results imply a …

Mexico and Canada experiencing the biggest reductions. -- trade costs ; gravity ; multilateral resistance ; Ricardian trade … trade costs that indirectly infers trade frictions from observable trade data. I show that this trade cost measure is …

A Bayesian supply function equilibrium is characterized in a market where firms have private information about their … uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition …, competitiveness is affected by the parameters of the information structure: supply functions are steeper with more noise in the …

. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …