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...

This paper evaluates the temporary reduction in energy taxes implemented by the German government between June and September 2022. We use pricing and quantity data from the wholesale market for crude oil, gasoline, and diesel and find an average pass through of 80% to 85% of the tax cut, which...

The long-expected wave of LNG supply is now almost upon us, and is expected to outstrip the rise in demand for LNG. Spot prices, in European and Asian markets, may respond to the overhang of supply by moving to more short-run pricing – as was seen in 2019 and 2020 – and, as a result, prices...

Retail prices for a product vary across time and places. The sources that drive price dispersion can be grouped into three categories: (i) price differences across markets, (ii) price differences across stores in a market, and (iii) within-store price variation over time. I find there is price...

Are consumers willing to trade-off verified drug quality against higher prices in markets where substandard and falsified antibiotics are common? We answer this using a randomized online survey experiment in Nigeria. The design elicits indifference curves between the price and the verified...

We study whether economic incentives matter for crime in a novel way, through study of expensive precious metal thefts by thieves stealing catalytic converters. We combine sharp, plausibly exogenous variation in the prices of precious metals embedded in converters with newly assembled U.S. data...

Multiple Price Lists (MPLs) or Choice Lists (CLs) are widely used to elicit risk and time preferences, yet are prone to cognitive biases, particularly among respondents with limited numeracy skills. This paper compares three elicitation approaches; row-by-row from the top, from the bottom, and a...

Oil prices have been increasingly volatile since 2004. However, the impact of this volatility on domestic end-user prices differs significantly by fuel and country. Some countries fully pass through global price movements to domestic end-user prices, and some countries freeze domestic fuel...

The rapid growth of US ethanol production, driven by the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007, has raised questions about intensifying price linkages between energy and food markets. This is based on the premise that higher crude oil prices incentivize...

We identify supply and demand shocks to the real price of natural gas in the Euro Area and the United States. Demand shocks are identified using exogenous temperature variations, while supply shocks are identified through a high-frequency strategy based on an extensive collection of...

This paper uses data on 5-year gasoline price expectations from the US Michigan Survey of Consumers to investigate their role as a transmission channel for gasoline price shocks. Specifically, a Structural VAR model is estimated to carry out counterfactual analysis which shows that gasoline...

Purpose The literature on the potential benefits of art investing has yet to consider the effects of categorizing world regional art markets (e.g. Latin American art) by artistic styles or movements (e.g. Latin American surrealism, Latin American conceptual art, etc.). We propose that such...

Given the changing landscape of fuel retailing, this study explores the impact of spatial competition and market concentration on diesel prices in Germany. The question of how population density and gas station density, i.e. the equilibrium pattern of locations of firms, are related is examined....

Studies of micro-level price datasets find more frequent small price increases than decreases, which can be explained by consumer inattention because time-constrained shoppers might ignore small price changes. Recent empirical studies of the link between shopping behavior and price attention...

Increasing competition and reducing market power are core interests of economists, regulators and the public to maximise aggregate social welfare. Low prices are achieved through intense competition in the retail gasoline market. The absence of fierce competition is referred to as market power....