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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

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

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

Empirical Tests of the Green Paradox for Climate Legislation

Norman, Maya A.; Schlenker, Wolfram - National Bureau of Economic Research - 2024

The Green Paradox posits that fossil fuel markets respond to changing expectations about climate legislation, which limits future consumption, by shifting consumption to the present through lower present-day prices. We demonstrate that oil futures responded negatively to daily changes in the...

Persistent link: https://www.econbiz.de/10014544684

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

Vertical Differentiation and Collusion : Cannibalization or Proliferation?

Gabszewicz, Jean J. - 2016

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...

Persistent link: https://www.econbiz.de/10012997248

Fighting Communism Supporting Collusion

Galiani, Sebastián; Paz y Miño, José Manuel; … - National Bureau of Economic Research - 2022

We develop a simple model to explain why a powerful importer country like the United States may provide political support for international collusive agreements concerning certain commodities (e.g., coffee). This behavior raises questions due to the fact that an importer country should have...

Persistent link: https://www.econbiz.de/10013334385

Collusion, Mergers, and Related Antitrust Issues

Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021

This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...

Persistent link: https://www.econbiz.de/10012616623

Collusion in Quality-Segmented Markets

Bos, Iwan; Marini, Marco A. - 2021

. Within this setting, we study four types of price- xing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industry …-wide cartel. We present a complete characterization of the collusive pricing equilibrium and examine the corresponding effect on …

Persistent link: https://www.econbiz.de/10013251142

Collusion at the Extensive Margin

Byford, Martin C. - 2014

from, individual markets. We show that this gives rise to a new mechanism by which a cartel can sustain a collusive …

Persistent link: https://www.econbiz.de/10012458501