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DTSTART;TZID=Europe/Paris:20260306T120000
DTEND;TZID=Europe/Paris:20260306T131500
DTSTAMP:20260226T164912Z
CREATED:20251216T082242Z
LAST-MODIFIED:20260226T164912Z
UID:25460-1772798400-1772802900@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Guglielmo-Maria Caporale (Brunel University)
DESCRIPTION:Séminaire programme 4\n  \nGuglielmo-Maria Caporale \n(Brunel University) \n  \nA Global Oil Market Model with Shipping Costs\n  \nAbstract \nThis paper investigates the role of shipping costs in global crude oil and refined petroleum markets. For this purpose a Global VAR (GVAR) model is estimated jointly for the oil and refined petroleum markets; this includes the Baltic Dirty Tanker Index (BDTI) and the Baltic Clean Tanker Index (BCTI) as measures of the cost of shipping crude oil and refined petroleum commodities\, respectively. The results suggest that shocks to the cost of shipping petroleum commodities have a particularly severe negative impact on real economic activity and on refined petroleum consumption in most regions. Shocks to the price of crude oil and refined petroleum instead have inflationary effects\, especially in countries that are net importers of those commodities. Further\, it appears that the relationship between commodity prices and their respective shipping costs has broken down since the beginning of the Covid-19 pandemic. Specifically\, a counterfactual analysis shows that the pandemic moved the prices of crude oil and refined petroleum and their costs of shipping in opposite directions. A second counterfactual scenario concerning the impact of Russian oil sanctions shows that there is a high probability that they increased shipping costs. \n \n \n \n \n \n– Séminaire organisé par le programme 4 / BSE –\n \n  \n>> pour assister au séminaire via Zoom\, contacter julie.vissaguet@u-bordeaux.fr \n\n \nAgenda > Tous les événements\n\n \n  \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-guglielmo-maria-caporale-brunel-university/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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DTSTART;TZID=Europe/Paris:20260324T120000
DTEND;TZID=Europe/Paris:20260324T131500
DTSTAMP:20260319T082432Z
CREATED:20251216T081906Z
LAST-MODIFIED:20260319T082432Z
UID:25456-1774353600-1774358100@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Chloé Lecoq (U. Panthéon-Assas)
DESCRIPTION:Séminaire d’économie de Bordeaux\n  \nChloé Lecoq\n (Université Paris Panthéon Assas\, CRED) \n  \n« Legally Binding Energy Solidarity: the Green Transition-Equity Trade-off in the EU »\ncoécrit avec E. Paltseva (Stockholm School of Economics\, SITE) \n \n« As electricity systems become more interconnected and reliant on variable renewable energy\, cross-border solidarity rules act as risk-sharing mechanisms shaping both crisis outcomes and ex ante investment incentives. We develop a model of interconnected countries facing stochastic supply shortages and compare two solidarity designs used in EU energy law: a capacity-based rule (electricity)\, where support depends on the assisting country’s capacity\, and a loss-based rule (gas)\, where support is tied to the affected country’s shortage. These rules generate a fundamental scale–parity trade-off. The loss-based rule increases aggregate green investment but amplifies cross-country disparities\, while the capacity-based rule reduces disparities at the cost of lower investment. We show that the optimal rule depends on asymmetries in endowments and supply risks: with moderate asymmetries\, loss-based solidarity dominates\, whereas with large or concentrated asymmetries\, capacity-based rules can dominate by limiting divergence and moral hazard. \nSimulations calibrated to EU data illustrate how solidarity design can shape both the speed and distribution of the green transition. »\n \n \n*** changement de salle : salle H1-102\n \n \n \n– Séminaire organisé par le programme 4 / BSE –\n \n  \n>> pour assister au séminaire via Zoom\, contacter julie.vissaguet@u-bordeaux.fr \n\n \nAgenda > Tous les événements\n\n \n  \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-chloe-lecoq-u-pantheon-assas/
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