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Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a cycle. It seems challenging to address this assumption...
Persistent link: https://www.econbiz.de/10011992354
Standard methods for calculating cartel-damages rely on data of prices charged and quantity sold. Such data may not … easily be available. In this paper, it is shown that a lower bound for cartel-damages can also be computed from accounting … is shown under which econometrically testable assumptions on accounting costs a meaningful lower bound for cartel damages …
Persistent link: https://www.econbiz.de/10003852266
Persistent link: https://www.econbiz.de/10012022943
The resource curse hypothesis suggests that resource-rich countries (especially oil dependent economies) show lower economic growth rates compared to resource-poor countries. We add to this literature by providing empirical evidence on a new transmission channel of the resource curse, namely,...
Persistent link: https://www.econbiz.de/10011773504
Persistent link: https://www.econbiz.de/10009539405
We examine the response of the news-based Corruption Reflection Index (CRI) to positive shocks in oil revenues in Iran. Using annual data from 1962 to 2019, we employ the Vector Autoregressive (VAR) model and analyze impulse response functions. Our findings reveal a positive and significant...
Persistent link: https://www.econbiz.de/10014418015
We study the short and long run responses of income inequality to the positive oil and gas rents per capita shocks in Iran from 1973 to 2012. Using vector autoregression (VAR)-based impulse response functions, we find a positive and statistically significant response of income inequality to oil...
Persistent link: https://www.econbiz.de/10011720818
Persistent link: https://www.econbiz.de/10014461171