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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

Mothballing in a duopoly: evidence from a (shale) oil market

Comincioli, Nicola; Hagspiel, Verena; Kort, Peter M.; … - 2020

The mothballing option has been studied in the literature, but mainly in decision theoretic frameworks. This paper looks at it from a strategic point of view and applies it to an incumbent-entrant framework. In particular, based on the recent strategic interactions between OPEC and the shale oil...

Persistent link: https://www.econbiz.de/10012306741

Not all oil types are alike

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

An Economic View of Corporate Social Impact

Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023

The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...

Persistent link: https://www.econbiz.de/10014421228

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

U.S. tight oil supply flexibility : a multivariate dynamic model for production and rig activity

Storrøsten, Halvor Briseid - 2023

This paper examines the supply of U.S. LTO from both a theoretical and empirical point of view. The theory model combines endogenous rig activity and stylized reservoir pressure mechanics with the classic Hotelling model for exhaustible resource extraction. The empirical section presents a...

Persistent link: https://www.econbiz.de/10014228275

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