We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences across U.S. states in the pass-through of oil price shocks to retail gasoline prices. These differences, which are primarily driven by variation in the cost of producing and...

This study attempts to estimate the optimum government size in the kingdom of Saudi Arabia (KSA) using annual data covering the 1971-2019 period by applying the linear and nonlinear Autoregressive Distributed Lag ARDL Model. The main focus is whether the Armey curve is valid for KSA. The...

In course of the current energy crisis, the consequences of increasing gas prices are heavily discussed. To date, however, there is no evidence of the impact of gas prices on the labor market. Using administrative employment data from 2012–2020, we find for manufacturing establishments a gas...

MAGALAN is a global gas market model developed in 2005 that provided forecasts until 2030 for gas production, international trade and other relevant parameters. As investors, policy makers and also researchers have a need of reliable model results, models should be faced with reality from time...

Jahre nach Einführung der sogenannten CO2-Bepreisung fossiler Brenn- und Kraftstoffe zum Zwecke des Klimaschutzes hat die Politik das Versprechen zur Rückverteilung der CO2-Preiseinnahmen noch immer nicht umgesetzt. Vor diesem Hintergrund untersucht dieser Beitrag die sozialen Auswirkungen der...

The paper first outlines the challenges the global energy system is facing. It then summarises the present knowledge of energy efficient solutions in all energy using sectors from primary energy to useful energy and, more importantly, from useful energy to energy services (material efficiency...

This paper shows that a seemingly simple assumption, regarding the time horizon of economic agents, can reconcile the puzzling long run price dynamics of exhaustible resources such as oil, gas and metals. It does so by exploring the possibility that economic agents use a rolling planning...

A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences...

This paper investigates the benefits of a merger when goods are complements and firms behave in a Cournot manner both in a theoretical model as well as in a real-world application. In a setting of two complementary duopolies a merger between two firms each producing one of the goods always...

This study explores the dynamics of monthly metal prices during the past 100 years. On the basis of a unique data set, co-movement, price cycles and long-run trends are analyzed by means of common statistical methods and the results are compared to the findings in the literature. Due to its...