Showing 1 - 10 of 1,959
This paper examines the relationship between spot and futures prices for energy commodities (crude oil, gasoline …
Persistent link: https://www.econbiz.de/10012467654
We use a new micro data set to estimate a stochastic industry-equilibrium model of the oil industry. This effort is a first step towards studying the importance of ongoing structural changes in the oil market in a general-equilibrium model of the world economy. We analyze the impact of the...
Persistent link: https://www.econbiz.de/10012455258
fuel subsidy policy for distant water vessels to one that increases with predetermined vessel characteristics. The policy … 1% increase in fuel subsidy increases hours of fishing by 2.2%. Reducing Chinese distant water fuel subsidies by 50 …
Persistent link: https://www.econbiz.de/10014247928
Despite increasing calls for reform many countries continue to provide subsidies for gasoline and diesel. This paper …
Persistent link: https://www.econbiz.de/10012456569
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/10012458927
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883
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/10012473395
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/10012474832
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/10012479328
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/10012453169