Abstract

http://ssrn.com/abstract=2282335
 
 

References (42)



 
 

Citations (1)



 


 



Effects of Transport Regulation on the Oil Market: Does Market Power Matter?


Snorre Kverndokk


Ragnar Frisch Centre for Economic Research

Knut Einar Rosendahl


Norwegian University of Life Sciences; Statistics Norway - Research Department

July 2013

The Scandinavian Journal of Economics, Vol. 115, Issue 3, pp. 662-694, 2013

Abstract:     
Instruments used to regulate the consumption of oil in the transport sector include fuel taxes, biofuel requirements, and fuel‐efficiency standards. However, the effects that these have on oil consumption and price vary. If market power is present in the oil market, the directions of change in consumption and price might contrast with those in a competitive market. As a result, the market structure affects not only the effectiveness of the policy instruments used to reduce oil consumption, but also the terms of trade and carbon leakage. In particular, reduced oil consumption, as a result of increased fuel‐efficiency standards, will unambiguously increase the price of oil under a monopoly.

Number of Pages in PDF File: 33

Keywords: Carbon leakage, monopoly, oil consumption, transport policy instruments, terms of trade

JEL Classification: D42, Q54, R48

Accepted Paper Series


Date posted: June 20, 2013  

Suggested Citation

Kverndokk, Snorre and Rosendahl, Knut Einar, Effects of Transport Regulation on the Oil Market: Does Market Power Matter? (July 2013). The Scandinavian Journal of Economics, Vol. 115, Issue 3, pp. 662-694, 2013. Available at SSRN: http://ssrn.com/abstract=2282335 or http://dx.doi.org/10.1111/sjoe.12013

Contact Information

Snorre Kverndokk (Contact Author)
Ragnar Frisch Centre for Economic Research ( email )
Gaustadalleen 21
N-0349 Oslo
Norway
+47 22958811 (Phone)
+47 22958825 (Fax)
HOME PAGE: http://www.frisch.uio.no/cv/snorrek_eng.html
Knut Einar Rosendahl
Norwegian University of Life Sciences ( email )
PO Box 5033
NO-1432 Aas
Norway
+47 64966117 (Phone)
Statistics Norway - Research Department ( email )
Kongens Gt. 6
PO Box 8131 Dep
N-0033 Oslo
Norway
+47 21094954 (Phone)
+47 21094963 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 130
Downloads: 0
References:  42
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.234 seconds