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Investment-uncertainty relationship in the oil and gas industry

Ahmadi, Maryam; Manera, Matteo; Sadeghzadeh, Mehdi - 2018

Recent studies on oil market demonstrate endogeneity of oil price by modeling it as a function of consumption and precautionary demands and producers’ supply. However, studies analysing the effect of oil price uncertainty on investment, do not disentangle uncertainties raised by underlying...

Persistent link: https://www.econbiz.de/10011824181

Why do firms hold oil stockpiles?

Mason, Charles F. - 2011

Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...

Persistent link: https://www.econbiz.de/10009419703

"Bad" oil, "worse" oil and carbon misallocation

Coulomb, Renaud; Henriet, Fanny; Reitzmann, Léo - 2021

Persistent link: https://www.econbiz.de/10012548131

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/10011794647

Oil price shocks and economic growth in oil-exporting countries

Ahmadi, Maryam; Manera, Matteo - 2021

The aim of this paper is to investigate how major net oil exporter economies react to oil price shocks. We contribute to the literature by considering, at the same time, the possible nonlinearity and asymmetry of this relationship with respect to sign, size and causes of the oil price shocks, as...

Persistent link: https://www.econbiz.de/10012519959

Does the Swiss car market reward fuel efficient cars? : evidence from hedonic pricing regressions, a regression discontinuity design, and matching

Alberini, Anna; Bareit, Markus Walter; Filippini, Massimo - 2014

To correct market failures due to the presence of negative externalities associated with energy consumption, governments have adopted a variety of policies, including taxes, subsidies, regulations and standards, and information-based policies. For example, labels that clearly convey energy...

Persistent link: https://www.econbiz.de/10010251626

Global oil market and the US stock returns

Ahmad, Maryam; Manera, Matteo; Sadeghzadeh, Mehdi - 2015

This paper provides an analysis of the link between the oil market and the U.S. stock market returns at the aggregate as well as industry levels. We empirically model oil price changes as driven by speculative demand shocks along with consumption demand and supply shocks in the oil market. We...

Persistent link: https://www.econbiz.de/10011391816

Forecasting the oil-gasoline price relationship : should we care about the rockets and the feathers?

Bastianin, Andrea; Galeotti, Marzio; Manera, Matteo - 2014

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 …, while the ECM implies symmetric price transmission from crude oil to gasoline. We quantify the forecast accuracy gains due …

Persistent link: https://www.econbiz.de/10010251557

Forecasting gasoline prices with mixed random forest error correction models

Escribano, Álvaro; Wang, Dandan - 2020

Persistent link: https://www.econbiz.de/10012310571

Rockets and feathers revisited : an international comparison on European gasoline markets

Galeotti, Marzio; Lanza, Alessandro; Manera, Matteo - 2002

of gasoline. Relative to the previous literature, the distinguishing features of the present paper are: i) use of updated … and comparable data to carry out an international comparison of gasoline markets; ii) two-stage modeling of the … transmission of oil price shocks to gasoline prices (first refinery stage and second distribution stage), in order to assess …

Persistent link: https://www.econbiz.de/10011596079

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