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Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors …, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find … case of anticompetitive mergers. …
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In a controversial policy paper, Bachmann et al. (2022) argued back in March 2022 that the economic effects for Germany of a complete immediate stop of energy imports from Russia would be small, between 0.5% and 3% of GDP. Baqaee et al. (2022) even presented 0.3% GDP loss in the case of an...
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induce price increases in gas importing countries up to 22%. There is evidence that the natural gas markets in Europe and … gas exporting countries supplies is further illustrated by the results of a sensitivity case in which price levels are up …
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gas pricing, 'Foundations of Natural Gas Price Formation' presents an in-depth analysis of the fundamentals of natural gas … price formation and outlines the distinctive characteristics of natural gas that make it a unique commodity by examining the … market failure and to potential critical supply shortages in the near future. 'Foundations of Natural Gas Price Formation …
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In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
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