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On the economic determinants of oil production: Theoretical analysis and empirical evidence for small exporting countries
Cologni, Alessandro; Manera, Matteo - 2011
In this paper, decisions regarding production in oil exporting countries are studied by means of theoretical analysis and empirical investigation. Under the assumptions of exogenous oil prices and world oil demand, we are able to describe the relationship between oil production levels and...
Persistent link: https://www.econbiz.de/10010279616
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The Impacts of Exogenous Oil Supply Shocks on Mediterranean Economies
Bastianin, Andrea; Galeotti, Marzio; Manera, Matteo - 2015
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/10011451172
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How is Volatility in Commodity Markets Linked to Oil Price Shocks?
Ahmadi, Maryam; Behmiri, Niaz Bashiri; Manera, Matteo - 2015
This study investigates the effects of oil price shocks on volatility of selected agricultural and metal commodities. To achieve this goal, we decompose an oil price shock to its underlying components, including macroeconomics and oil specific shocks. The applied methodology is the structural...
Persistent link: https://www.econbiz.de/10011451175
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Forecasting the Oil-gasoline Price Relationship: Should We Care about the Rockets and the Feathers?
Bastianin, Andrea; Galeotti, Marzio; Manera, Matteo - 2014
to incorporating the RFH in predictive models for the prices of gasoline and diesel. We show that the RFH is useless for … the price of crude oil to the price of gasoline is asymmetric. Although there have been many contributions documenting … forecasting performance of econometric models incorporating asymmetric price transmission from crude oil to gasoline. In this …
Persistent link: https://www.econbiz.de/10010398437
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Can uncertainty justify overlapping policy instruments to mitigate emissions?
Lecuyer, Oskar; Quirion, Philippe - 2012
This article constitutes a new contribution to the analysis of overlapping instruments to cover the same emission sources. Using both an analytical and a numerical model, we show that when the risk that the CO2 price drops to zero and the political unavailability of a CO2 tax (at least in the...
Persistent link: https://www.econbiz.de/10010294269
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Looking for free-riding: Energy efficiency incentives and Italian homeowners
Alberini, Anna; Bigano, Andrea; Boeri, Marco - 2013
We examine the effect of energy efficiency incentives on household energy-efficiency home improvements. Starting in February 2007, Italian homeowners have been able to avail themselves of tax credits on the purchase and installation costs of certain types of energy efficiency renovations. We...
Persistent link: https://www.econbiz.de/10010294277
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Why are the stakes so high? Misconceptions and misunderstandings in China's global quest for energy security
Zhang, ZhongXiang - 2012
China's global quest for resources, in particular oil and natural gas, has received unprecedented worldwide attention and scrutiny. This is partly because of China's own high-profile, active energy diplomacy, its national oil companies' acquisitions in the key exporting regions of oil and...
Persistent link: https://www.econbiz.de/10010294307
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Information v. Energy Efficiency Incentives: Evidence from Residential Electricity Consumption in Maryland
Alberini, Anna; Towe, Charles - 2015
We focus on two utility programs intended to reduce energy usage and the associated CO2 emissions - a home energy audit and rebates on the purchase of high-efficiency air-source heat pumps. We use a unique panel dataset from participating and non-participating households to estimate the average...
Persistent link: https://www.econbiz.de/10011307257
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Energy Efficiency Policy with Price-quality Discrimination
Nauleau, Marie-Laure; Giraudet, Louis-Gaëtan; Quirion, … - 2015
We compare a range of energy efficiency policies in a durable good market subject to both energy-use externalities and price-quality discrimination by a monopolist. We find that the social optimum can be achieved with differentiated subsidies. With ad valorem subsidies, the subsidization of the...
Persistent link: https://www.econbiz.de/10011307276
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Big fish: Oil markets and speculation
Cologni, Alessandro; Scarpa, Elisa; Sitzia, Francesco … - 2015
The role of speculators in the oil markets has been vastly investigated during the last few years. Several authors focused on the definition of speculation while others examined the relationship between oil prices and the behavior of trading actors. In this paper, we formulate a new theory able...
Persistent link: https://www.econbiz.de/10011307290