Mexico liberalized natural gas prices in 2017 by establishing the National Wholesale Natural Gas Price Index (IPGN). This institutional change created observable conditions where prices could deviate from efficiency. We classified these deviations into three regimes: stability, overestimation...

This paper aims to investigate the sensitivity of the gas market: Russian Natural Gas and Liquefied Gas, to other commodity categories. It sheds light on the Russian-Ukrainian crisis by using an Autoregressive Distributed Lag model on daily prices of Russian Natural Gas, Liquefied Natural Gas,...

Around three quarters of Bitcoin transactions take place off-chain. Despite their significance, the vast majority of the empirical literature on cryptocurrencies focuses on on-chain transactions. This paper presents one of the first analysis of both on- and off-chain demand- and supply-side...

There is limited theoretical understanding of cost pass-through in markets where prices are dispersed. This paper analyzes cost pass-through within a framework that encompasses many models in the price dispersion literature where consumers vary in the number of firms they consider. We...

Metal markets are an important but understudied aspect of the global energy transition. This paper demonstrates differential metal price responses to the Paris Agreement based on their role in the energy transition. We use a difference-in-differences design with daily price data from 2001 to...

In 1991 and 2008, Israel abolished the equivalents of 1¢ and 5¢ coins, respectively, effectively eliminating low-denomination coins and introducing rounding in cash transactions. When totals were rounded up, shoppers incurred a small rounding tax. Using detailed data on price endings and...