Showing 1 - 10 of 1,387
Hedging creates value only when the policy is near optimal but can be harmful otherwise. This paper takes the US airline industry as an example and derives the optimal fuel cost hedging ratio as a function of firm-specific revenue and cost sensitivities, as well as the relative composition of...
Persistent link: https://www.econbiz.de/10012859313
We estimate the price elasticity of the demand for gasoline smuggling in Iran. For this purpose, we employ a detailed … panel of monthly gasoline consumption data from 160 distribution hubs during the period 2005-2014. We apply two different … approaches which are diff-in-diff and panel data estimations. The results suggest that the foreign-to-home gasoline price ratios …
Persistent link: https://www.econbiz.de/10012934217
Besides temporal and spatial aggregation issues in the analysis of asymmetric response of retail gasoline prices … station-specific retail and wholesale gasoline prices for 12,613 geographically diverse stations. Based on individual station …
Persistent link: https://www.econbiz.de/10012604251
To increase competition in the retail market for gasoline, Germany's Federal Cartel Office established the so …
Persistent link: https://www.econbiz.de/10012155116
We argue that single-equation dynamic demand models applied to estimating gasoline demand should account for the slow … evolution of unobservable habits and beliefs which partially determine vehicle and gasoline usage. Inclusion of unobservable …
Persistent link: https://www.econbiz.de/10014217718
Many empirical studies state that retail gasoline and diesel prices react more quickly when the crude oil price rises … gasoline and diesel reaction functions. The correspondent model is estimated with the system's generalised method of moments …. The model allows us to compute average one-gallon gasoline and diesel price biases from the increase in oil by one dollar …
Persistent link: https://www.econbiz.de/10014247636
This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax … of the actual tax policy as well as its impact on CO2 emissions based on counterfactual simulations. We empirically …
Persistent link: https://www.econbiz.de/10014467335
-exponential form to verify the hypothesis of asymmetric reactions of gasoline and diesel prices in Croatia. The analysis uses a weekly …
Persistent link: https://www.econbiz.de/10014496205
-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller … gap between the environmental qualities of the two goods supplied. In stark contrast, voters unanimously prefer a tax to a …
Persistent link: https://www.econbiz.de/10012257796
-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller … gap between the environmental qualities of the two goods supplied. In stark contrast, voters unanimously prefer a tax to a …
Persistent link: https://www.econbiz.de/10012504313