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Speculation in the Oil Market
Juvenal, Luciana; Petrella, Ivan - C.E.P.R. Discussion Papers - 2014
The run-up in oil prices since 2004 coincided with growing investment in commodity markets and increased price comovement among different commodities. We assess whether speculation in the oil market played a role in driving this salient empirical pattern. We identify oil shocks from a large...
Persistent link: https://www.econbiz.de/10011084143
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Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand
Coglianese, John; Davis, Lucas W; Kilian, Lutz; Stock, … - C.E.P.R. Discussion Papers - 2015
Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...
Persistent link: https://www.econbiz.de/10011184084
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Growth and the Optimal Carbon Tax: When to Switch from Exhaustible Resources to Renewables?
van der Ploeg, Frederick; Withagen, Cees - C.E.P.R. Discussion Papers - 2011
. We analyze the optimal time of transition from fossil fuel to renewables, amount of fossil fuel to leave in situ, and … phasing in of renewables, but fossil fuel is depleted more quickly. Global warming need thus not be alleviated. …
Persistent link: https://www.econbiz.de/10008854461
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Modelling Energy Demand and Household Welfare Using Micro-Data
Baker, Paul; Blundell, Richard William; Micklewright, John - C.E.P.R. Discussion Papers - 1987
The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the … data has not been fully exploited in the analysis of energy demand to date. Unrestricted reduced-form estimates are …
Persistent link: https://www.econbiz.de/10005497752
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Energy and Climate Change in China
Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012
This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH …
Persistent link: https://www.econbiz.de/10011084331
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Integration, Agglomeration and the Political Economics of Factor Mobility
Ottaviano, Gianmarco; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1999
This paper tackles the issue of the optimality of agglomeration in a two-region economy with skilled/mobile and … intermediate values, it yields agglomeration whereas dispersion is socially desirable. We show that competitive lobbying on factor …
Persistent link: https://www.econbiz.de/10005504229
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Firms Agglomeration and Unions
Picard, Pierre M; Toulemonde, Eric - C.E.P.R. Discussion Papers - 2002
and workers immobility across regions creates a tendency for agglomeration of firms when transportation costs are low. The …
Persistent link: https://www.econbiz.de/10005504420
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Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs
Duranton, Gilles; Storper, Michael - C.E.P.R. Discussion Papers - 2005
While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade.
Persistent link: https://www.econbiz.de/10005504426
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The International Division of Industries: Clustering and Comparative Advantage in a Multi-Industry Model
Venables, Anthony J - C.E.P.R. Discussion Papers - 1998
We consider a model with a continuum of industries in which agglomeration forces cause each industry to concentrate in …
Persistent link: https://www.econbiz.de/10005504486
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What Determines the Economic Geography of Europe?
Haaland, Jan I.; Kind, Hans Jarle; Ulltveit-Moe, … - C.E.P.R. Discussion Papers - 1999
This paper focuses on what the driving forces behind industry localisation in Europe are. Based on traditional as well as new trade theory and new economic geography our cross-sectoral empirical analysis seeks to explain the pattern of relative and absolute concentration of manufacturing...
Persistent link: https://www.econbiz.de/10005504618