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Toward an EU Gas-Purchasing Cartel

Author

Listed:
  • Peter Cramton
  • François Lévêque
  • Axel Ockenfels
  • Steven Stoft

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.

Suggested Citation

  • Peter Cramton & François Lévêque & Axel Ockenfels & Steven Stoft, 2022. "Toward an EU Gas-Purchasing Cartel," ECONtribute Policy Brief Series 033, University of Bonn and University of Cologne, Germany.
    • Handle: RePEc:ajk:ajkpbs:033
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    File URL: https://www.econtribute.de/RePEc/ajk/ajkpbs/ECONtribute_PB_033_2022.pdf
    File Function: First version, 2022
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