Showing 1 - 10 of 1,495
This paper examines the relationship between spot and futures prices for energy commodities (crude oil, gasoline …
Persistent link: https://www.econbiz.de/10012752621
We use a new micro data set that covers all oil fields in the world to estimate a stochastic industry-equilibrium model of the oil industry with two alternative market structures. In the first, all firms are competitive. In the second, OPEC firms act as a cartel. This effort is a first step...
Persistent link: https://www.econbiz.de/10012955791
the fact that many countries provide subsidies for gasoline and diesel. This paper examines global fuel subsidies using … the latest available data from the World Bank, finding that road-sector subsidies for gasoline and diesel totaled $110 …
Persistent link: https://www.econbiz.de/10013071789
Despite increasing calls for reform many countries continue to provide subsidies for gasoline and diesel. This paper …
Persistent link: https://www.econbiz.de/10012996460
We present and test an explanation for lags in the adjustment of wholesale gasoline prices to changes in crude oil … model predicts that futures prices for gasoline will adjust incompletely to crude oil price shocks occurring close to the … prices in 188 local wholesale gasoline markets and find evidence that greater market power leads to slower output price …
Persistent link: https://www.econbiz.de/10014112936
Our empirical investigation confirms the common belief that retail gasoline prices react more quickly to increases in … competitive spot market for gasoline, perhaps reflecting inventory costs. Wholesale gasoline prices, however, exhibit no asymmetry … this probably reflects short run market power among retail gasoline sellers …
Persistent link: https://www.econbiz.de/10013323564
subsidy for electric vehicles and the optimal ban on the production of gasoline vehicles both give about the same efficiency … electricity generation, the increasing substitutability of electric for gasoline vehicles, and the durability of the vehicle stock … improvement, but the latter leads to a sharp increase in gasoline vehicle production just before the ban. Phasing out gasoline …
Persistent link: https://www.econbiz.de/10013324683
Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline … stations nationwide have carried the brand of the state-owned petroleum company Pemex and sold Pemex gasoline at federally … gasoline and diesel. In this paper, we provide an economic perspective on Mexico's nascent deregulation. Although in many ways …
Persistent link: https://www.econbiz.de/10012920356
The price of crude oil in the U.S. never exceeded $40 per barrel until mid-2004. By 2006 it reached$70, and in July 2008 it peaked at $145. By late 2008 it had plummeted to about $30 before increasingto $110 in 2011. Are speculators at least partly to blame for these sharp price changes? We...
Persistent link: https://www.econbiz.de/10013083410
This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. Although oil was used much differently and was substantially less important economically in the nineteenth century than it is today, there are...
Persistent link: https://www.econbiz.de/10013068515