Group items tagged EU - IBEconomics

BP, Shell raided over alleged price fixing | News.com.au - 1 views

www.news.com.au/...story-fnda1bsz-1226642946822

pricefixing EU shell BP

shared by Jin Seo on 12 Jun 13 - No Cached

cartels
- Jin Seo on 12 Jun 13
  
  formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  
  <div class="cArrow"> </div><div class="cContentInner">formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?</div>
  
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market manipulation
- Jin Seo on 12 Jun 13
  
  The act of artificially inflating or deflating the price of a security
  
  <div class="cArrow"> </div><div class="cContentInner">The act of artificially inflating or deflating the price of a security </div>
  
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prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers
- Jin Seo on 12 Jun 13
  
  oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods
  
  <div class="cArrow"> </div><div class="cContentInner">oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods </div>
  
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price fixing
- Jin Seo on 12 Jun 13
  
  price fixing = market manipulation
  
  <div class="cArrow"> </div><div class="cContentInner">price fixing = market manipulation </div>
  
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BP, Shell and Norway's Statoil
- Jin Seo on 12 Jun 13
  
  what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers
  
  <div class="cArrow"> </div><div class="cContentInner">what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers </div>
  
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European Commission
- Jin Seo on 12 Jun 13
  
  have monitoring for these companies due to high probabilities of collusion
  
  <div class="cArrow"> </div><div class="cContentInner">have monitoring for these companies due to high probabilities of collusion </div>
  
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collude
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prevented others from participating in the price assessment process
- Jin Seo on 12 Jun 13
  
  fairly high barriers to entry - one of the characteristics of an oligopoly
  
  <div class="cArrow"> </div><div class="cContentInner">fairly high barriers to entry - one of the characteristics of an oligopoly </div>
  
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the market vulnerable to abuse
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Consumers need to know that the prices they pay for their energy or petrol are fair, transparent and not being manipulated by traders
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High oil prices are crushing families across Britain
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market transparency
- Jin Seo on 12 Jun 13
  
  EVALUATION: what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening?
  
  <div class="cArrow"> </div><div class="cContentInner">EVALUATION: what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening? </div>
  
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Jin Seo on 12 Jun 13

Price fixing of oil companies in the EU

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BBC News - China files EU solar subsidy complaint with WTO - 0 views

www.bbc.co.uk/...business-20207305

China EU WTO tariffs

shared by Derek Schwung on 06 Nov 12 - No Cached

- Derek Schwung on 06 Nov 12
  
  Dumping - lower market price
  
  <div class="cArrow"> </div><div class="cContentInner">Dumping - lower market price</div>
  
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- Derek Schwung on 06 Nov 12
  
  Protectionism - subsidizing domestic producers
  
  <div class="cArrow"> </div><div class="cContentInner">Protectionism - subsidizing domestic producers</div>
  
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- Derek Schwung on 06 Nov 12
  
  dumping
  
  <div class="cArrow"> </div><div class="cContentInner">dumping</div>
  
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BP, Shell raided over alleged price fixing | Business News | Business and Finance News ... - 2 views

www.heraldsun.com.au/...story-fndgp8b1-1226642946822

oil pricefixing theoryofthefirm oligopolies

shared by Jin Seo on 31 May 13 - No Cached

crude oil, refined oil products and biofuels purchases and sales
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- Jin Seo on 31 May 13
  
  Oil - one of the most inelastic good
  
  <div class="cArrow"> </div><div class="cContentInner">Oil - one of the most inelastic good </div>
  
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Statoil
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...9 more annotations...
Platts
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final consumers
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colluded
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prevented others from participating in the price assessment process, with a view to distorting published prices.
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price fixing
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cartels
- Jin Seo on 31 May 13
  
  formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  
  <div class="cArrow"> </div><div class="cContentInner">formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers? </div>
  
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High oil prices are crushing families across Britain. Motorists are being taken for a very expensive ride.''
- Jin Seo on 31 May 13
  
  reasons why oligopolies are strictly monitored
  
  <div class="cArrow"> </div><div class="cContentInner">reasons why oligopolies are strictly monitored </div>
  
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- Jin Seo on 31 May 13
  
  and also why oligopolies want to collude to become a monopoly
  
  <div class="cArrow"> </div><div class="cContentInner">and also why oligopolies want to collude to become a monopoly </div>
  
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Libor scandal
- Jin Seo on 31 May 13
  
  largest price fixing scandal
  
  <div class="cArrow"> </div><div class="cContentInner">largest price fixing scandal</div>
  
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transparency.''
- Jin Seo on 31 May 13
  
  what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening?
  
  <div class="cArrow"> </div><div class="cContentInner">what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening? </div>
  
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  Cancel
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Jin Seo on 31 May 13

oil price fixing in the EU

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Unemployment and Inflation Rise in Euro Zone - NYTimes.com - 0 views

www.nytimes.com/...flation-rise-in-euro-zone.html

shared by Arla Takala on 13 Sep 12 - No Cached

Unemployment
- Arla Takala on 13 Sep 12
  
  Unemployment means people who are willing and able to work for that set income but there are no jobs available for them.
  
  <div class="cArrow"> </div><div class="cContentInner">Unemployment means people who are willing and able to work for that set income but there are no jobs available for them. </div>
  
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inflation
- Arla Takala on 13 Sep 12
  
  Inflation is the increase in general price level (GPL) over a set period (usually over a year)
  
  <div class="cArrow"> </div><div class="cContentInner">Inflation is the increase in general price level (GPL) over a set period (usually over a year)</div>
  
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climbed
- Arla Takala on 13 Sep 12
  
  Inflation has increased; prices are higher
  
  <div class="cArrow"> </div><div class="cContentInner">Inflation has increased; prices are higher</div>
  
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10.7 percent from 10.6
- Arla Takala on 13 Sep 12
  
  The unemployment rate rose by 0.1% in a month
  
  <div class="cArrow"> </div><div class="cContentInner">The unemployment rate rose by 0.1% in a month</div>
  
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Italy and Greece
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10.1 percent in January from 10.0
- Arla Takala on 13 Sep 12
  
  For the EU countries, the unemployment rate increased by 0.1%
  
  <div class="cArrow"> </div><div class="cContentInner">For the EU countries, the unemployment rate increased by 0.1%</div>
  
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24.3 million
- Arla Takala on 13 Sep 12
  
  24.3 million unemployed. The total population of the EU countries is 503 million.
  
  <div class="cArrow"> </div><div class="cContentInner">24.3 million unemployed. The total population of the EU countries is 503 million. </div>
  
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EU Meat Prices to Rise Further on Increased Demand, Lower Supply - Bloomberg - 0 views

www.bloomberg.com/...eased-demand-lower-supply.html

Demand & Supply

shared by Adam Seldis on 17 Sep 11 - No Cached

EU warns against protectionist rhetoric of French minister - Globaltimes.cn - 0 views

www.globaltimes.cn/...740090.shtml

shared by Christina Seward on 06 Nov 12 - No Cached

Europe's (olive) oil crisis - CNN.com - 5 views

edition.cnn.com/...index.html

shared by Yuuji Mitsuta on 31 May 12 - No Cached

- Yuuji Mitsuta on 31 May 12
  
  Demand has decreased due to economic crisis
  
  <div class="cArrow"> </div><div class="cContentInner">Demand has decreased due to economic crisis</div>
  
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- Yuuji Mitsuta on 31 May 12
  
  EU intervention to reduce surplus of olive oil and incomes in rural areas of spain
  
  <div class="cArrow"> </div><div class="cContentInner">EU intervention to reduce surplus of olive oil and incomes in rural areas of spain</div>
  
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plunged to a 10-year low as domestic consumption in the top producing southern European countries has fallen because of the economic crisis
- Yuuji Mitsuta on 31 May 12
  
  Demand has decreased due to economic crisis
  
  <div class="cArrow"> </div><div class="cContentInner">Demand has decreased due to economic crisis</div>
  
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price of premium-quality extra virgin olive oil in the wholesale market fell this month to $2,900 a tonne,
- Yuuji Mitsuta on 31 May 12
  
  Decrease in price due to decrease in demand
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in price due to decrease in demand</div>
  
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suffering from strong competition from cheaper varieties of vegetable oil.
- Yuuji Mitsuta on 31 May 12
  
  Substitute goods present, so has a higher PED. has lower demand compared to vegetable oil
  
  <div class="cArrow"> </div><div class="cContentInner">Substitute goods present, so has a higher PED. has lower demand compared to vegetable oil</div>
  
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This crop is vital for the main producing countries in terms of maintaining employment in their rural areas
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Europe's (olive) oil crisis (2) - 4 views

www.news.lk/...2225-europes-olive-oil-crisis

shared by Yuuji Mitsuta on 06 Jun 12 - No Cached

ompetition from cheaper varieties of vegetable oil
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10-year low as domestic consumption in the top producing southern European countries has fallen because of the economic crisis.
- Yuuji Mitsuta on 07 Jun 12
  
  Decrease in demand
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in demand</div>
  
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coincided with a bumper olive crop in Spain,
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The price of premium-quality extra virgin olive oil in the wholesale market fell this month to $2,900 a tonne, the lowest since 2002 and down more than half from nearly $6,000 a tonne in 2005, according to the International Monetary Fund.
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The EU has tried to deal with the surplus by paying companies to stockpile oil
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Canada threatens higher tariffs on US wine imports | decanter.com - 0 views

www.decanter.com/...her-tariffs-on-us-wine-imports

international economics protectionism tariffs trade exports

shared by senkoffa on 16 Nov 13 - No Cached

'retaliatory tariffs' on a range of US imports, including wine
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US failed to change its country of origin labelling rules to comply with the WTO ruling. But, he said Canada would seek WTO approval before making a move. 
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Canada represents the second largest export market for US wines by value behind the European Union
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EU agreed a free trade agreement with Canada
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