Toward an EU Gas-Purchasing Cartel

Peter Cramton, François Lévêque, Axel Ockenfels and Steven Stoft

No 33, ECONtribute Policy Brief Series from University of Bonn and University of Cologne, Germany

Abstract: “Instead of outbidding each other and driving prices up,” on 25 March, the 27 EU nations decided to “pool [their] purchasing power” for the “voluntary common purchase of gas”. In short, they decided to form a buyers’ cartel. So far, difficulties have been identified, but what is needed is a systematic design effort addressing those difficulties. This column proposes a simple, but fairly comprehensive framework for an EU gas-purchasing cartel.

Pages: 5 pages
Date: 2022-05
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https://www.econtribute.de/RePEc/ajk/ajkpbs/ECONtribute_PB_033_2022.pdf First version, 2022 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ajk:ajkpbs:033

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