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Energy is one an important class of traded commodities. The particular feature of energy is that about 85% of energies consumed are produced from non-renewable sources. While the structure of energy market is complex, in general we have competitive markets. Some exceptions like OPEC cartel in...
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Russian gas exports play a crucial role in political discussions today. This paper argues that the European strive for energy diversification at present is economically inefficient, given the nearby resources and existing or committed transport network to Russia. Furthermore, this present...
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The aim of the paper is to analyse the evolution of house prices in Barcelona using a theoretical and empirical framework. Housing is a durable good which involves both consumption and investment components. We develop a model that explains the long-run equilibrium relationship between prices to...
Persistent link: https://www.econbiz.de/10009221746
Housing market combines the properties of consumption and investment good. The present paper is devoted to the empirical analysis of an interaction between housing and financial markets, and all results will be for Barcelona city as an area of research. We study the relationship between housing...
Persistent link: https://www.econbiz.de/10010834237
Urban economic literature usually focuses on Central Business District model, which explains rental gradient around city center and is based on assumption that agents are dispersed in space, but all work in one point. The basic idea of the present model is that jobs exist in all point of...
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