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A model for the global crude oil market using a multi-pool MCP approach

Huppmann, Daniel; Holz, Franziska - 2009

-cooperative way. -- Crude oil ; market structure ; cartel ; pool market ; simulation model …

Persistent link: https://www.econbiz.de/10003821875

Güntner, Jochen; Irlacher, Michael; Öhlinger, Peter - 2023

Motivated by the European Union's debate on sanctioning crude oil imports from Russia, we estimate the elasticity of substitution between different crude oil types. Using European data on country-level crude oil imports by field of origin, we argue that crude oil is not a homogenous good and...

Persistent link: https://www.econbiz.de/10014364721

Endogenous price commitment, sticky and leadership pricing : evidence from the Italian petrol market

Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013

This article studies dynamic pricing strategies in the Italian gasoline market before and after the market leader unilaterally announced its commitment to adopt a sticky-pricing policy. Using daily Italian firm level prices and weekly average EU prices, we show that the effect of the new policy...

Persistent link: https://www.econbiz.de/10009777053

Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets

Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013

Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...

Persistent link: https://www.econbiz.de/10009777055

Vertical differentiation and collusion : cannibalization or proliferation?

Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...

Persistent link: https://www.econbiz.de/10011451580

Collusive agreements in vertically differentiated markets

Marini, Marco A. - 2017

proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms’ products along the quality …

Persistent link: https://www.econbiz.de/10011660599

Nations as strategic players in global commodity markets : evidence from world coal trade

Paulus, Moritz; Trüby, Johannes; Growitsch, Christian - 2011

We explore the hypothesis that export policies and trade patterns of national players in the steam coal market are consistent with non-competitive market behavior. We test this hypothesis by developing an equilibrium model which is able to model coal producing nations as strategic players. We...

Persistent link: https://www.econbiz.de/10009742698

Strategic behaviour in international metallurgical coal markets

Trüby, Johannes - 2012

This paper analyses whether prices and trade-flows in the international market for metallurgical coals were subject to non-competitive conduct in the period 2008 to 2010. To do so, I develop mathematical programming models - a Stackelberg model, two varieties of a Cournot model, and a perfect...

Persistent link: https://www.econbiz.de/10009743578

Is cartelisation profitable? ; a case study of the Rhenish Westphalian Coal Syndicate, 1893-1913

Lübbers, Thorsten - 2009

precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of … data in a dynamic panel data framework. Overall, our results suggest that the investigated cartel had no significant effect …

Persistent link: https://www.econbiz.de/10003862293

Market structure scenarios in international steam coal trade

Trüby, Johannes; Paulus, Moritz - 2011

The seaborne steam coal market changed in recent years. Trade volumes grew dynamically, important players emerged and since 2007 prices increased significantly and remained relatively high since then. In this paper we analyse market equilibria in the years 2006 and 2008 by testing for two...

Persistent link: https://www.econbiz.de/10009011864

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