Testing the Hypothesis of Collusive Behavior Among OPEC Members

This paper presents a test to discriminate among behaviors of producers of exhaustible resources. The behavior of a competitive producer of an exhaustible resource should follow an Euler equation. The existence of futures markets allows us to sidestep the difficult issues related to estimating future prices and demand. This theoretical framework is used to test the hypothesis of collusive OPEC behavior between 1983 and 1991.

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Year of publication:	1995
Authors:	Spilimbergo, Antonio
Publisher:	Washington, DC : Inter-American Development Bank, Office of the Chief Economist

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Series:	Working Paper ; 312
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	869875825 [GVK] hdl:10419/87885 [Handle] RePEC:idb:wpaper:4016 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010326990