Hedenus, Fredrik; Azar, Christian; Johansson, Daniel J.A. - In: Energy Policy 38 (2010) 3, pp. 1241-1250
A framework for analyzing the impact on the expected cost of oil disruption by energy policies in EU-25 is developed. The framework takes into account how energy policies affect the oil market, the expected oil price increase, and the disruption costs. OPEC's strategic behavior is modelled as a...