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Clustering in crude oil prices and the target pricing zone hypothesis

Bharati, Rakesh; Crain, Susan J.; Kaminski, Vincent - In: Energy Economics 34 (2012) 4, pp. 1115-1123

digit. It is hypothesized that price clustering occurs within an established TPZ if OPEC is able to defend the upper and … capacity utilization is high and when production significantly exceeds quotas, consistent with OPEC's inability to defend the …

Persistent link: https://www.econbiz.de/10010868716

Testing for price response asymmetries in the Spanish fuel market. New evidence from daily data

Balaguer, Jacint; Ripollés, Jordi - In: Energy Economics 34 (2012) 6, pp. 2066-2071

In this work we use daily data to examine pattern asymmetries in the speed of transmission of international wholesale oil prices to Spanish retail fuel prices. Results are robust to two alternative specifications of an asymmetric error correction model, for which the presence of autoregressive...

Persistent link: https://www.econbiz.de/10010588008

Does OPEC still exist as a cartel? An empirical investigation

Brémond, Vincent; Hache, Emmanuel; Mignon, Valérie - In: Energy Economics 34 (2012) 1, pp. 125-131

The aim of this paper is to determine if OPEC acts as a cartel by testing whether the production decisions of the … both time series and panel settings, our findings show that the OPEC influence has evolved through time, following the … changes in the oil pricing system. While the influence of OPEC is found to be important just after the counter-oil shock, our …

Persistent link: https://www.econbiz.de/10010868783

An analysis of factors that influence the technical efficiency of Malaysian thermal power plants

See, Kok Fong; Coelli, Tim - In: Energy Economics 34 (2012) 3, pp. 677-685

The main objectives of this paper are to measure the technical efficiency levels of Malaysian thermal power plants and … to investigate the degree to which various factors influence efficiency levels in these plants. Stochastic frontier … comprehensive analysis (to our knowledge) of technical efficiency in the Malaysian electricity generation industry using parametric …

Persistent link: https://www.econbiz.de/10010571698

Estimating the demand for gasoline in developing countries: Senegal

Sene, Seydina Ousmane - In: Energy Economics 34 (2012) 1, pp. 189-194

This paper estimates the aggregate demand for gasoline in Senegal from 1970 to 2008. The long-term and short-term elasticities of demand with respect to gasoline prices and income are of paramount interest in this study. In Senegal, rising food prices, unemployment and shortage of electric...

Persistent link: https://www.econbiz.de/10010868732

Valuing the carbon exposure of European utilities. The role of fuel mix, permit allocation and replacement investments

Koch, Nicolas; Bassen, Alexander - In: Energy Economics 36 (2013) C, pp. 431-443

This paper assesses the carbon exposure of European electric utilities covered by the EU Emissions Trading System (EU ETS). First, we rely on an asset pricing model to empirically determine the effect of carbon price risks on firm-specific cost of capital for a sample of 20 European utility...

Persistent link: https://www.econbiz.de/10010616826

Shaking Dutch grounds won’t shatter the European gas market

Holz, Franziska; Brauers, Hanna; Richter, Philipp M.; … - In: Energy Economics 64 (2017), pp. 520-529

The Netherlands have been a pivotal supplier in Western European natural gas markets in the last decades. Recent analyses show that the Netherlands would play an important role in replacing Russian supplies in Germany and France in case of a Russian export disruption. Lately, however, the...

Persistent link: https://www.econbiz.de/10012053690

Purchasing reserves and commodity market timing as takeover motives in the oil and gas industry

Ng, Alex; Donker, Han - In: Energy Economics 37 (2013) C, pp. 167-181

affect takeover activity, value, and performance. Acquirers are motivated to purchase reserves, while targets are motivated … to sell based on market timing. Acquirers have negative takeover performance from lower risk. Our conclusions are robust …

Persistent link: https://www.econbiz.de/10010635965

A parsimonious model of tax avoidance and distortions in petroleum exploration and development

Smith, James L. - In: Energy Economics 43 (2014) C, pp. 140-157

We present a simple model of petroleum exploration and development that can be applied to study the performance of …

Persistent link: https://www.econbiz.de/10011100092

Strategic behaviour in international metallurgical coal markets

Trüby, Johannes - In: Energy Economics 36 (2013) C, pp. 147-157

This paper analyses whether prices and trade-flows in the international market for metallurgical coals were subject to non-competitive conduct in the period 2008 to 2010. To do so, I develop mathematical programming models – a Stackelberg model, two varieties of a Cournot model, and a perfect...

Persistent link: https://www.econbiz.de/10011039569

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