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to OPEC cartel as world’s major petroleum producer and trader as well as its forms of control in production and trade …
Persistent link: https://www.econbiz.de/10011212584
We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have cost functions that do not change over the period of observation but that market demand can change in each period. Market prices and firm-specific production quantities are...
Persistent link: https://www.econbiz.de/10005078677
Crude oil prices have been fluctuating over time and by a large range. It is the disorganization of oil price series that makes it difficult to deduce the changing trends of oil prices in the middle- and long-terms and predict their price levels in the short-term. Following a price-state...
Persistent link: https://www.econbiz.de/10008740594
Our concern in this paper is to analyze the optimal long-run pricing policies of oil-exporting countries. These might be described briefly as the policies which best meet their objectives, subject to the various limitations imposed on them by the realities of world economic forces.
Persistent link: https://www.econbiz.de/10005787061
oil prices by OPEC. This led the U.S. to use a” Price Control” policy in the domestic energy market. The effects of such … policy are explored and well documented. However, the responses of OPEC producers to such a policy need further attention …. This paper examines the effects of these price controls on OPEC‟s extraction path. It also examines the relation between …
Persistent link: https://www.econbiz.de/10009371838
countries. This increase in the price of oil and other commodities means that OPEC countries and Russia have received, between …
Persistent link: https://www.econbiz.de/10005836024
Oil price behavior has changed dramatically in the last twenty years. These changes can be explained rather simply in terms of the delayed responses of supply and demand to prices, and in terms of changes in the rate of discovery of reserves. This analysis can be used to forecast possible future...
Persistent link: https://www.econbiz.de/10005836067
countries. This increase in the price of oil and other commodities means that OPEC countries and Russia have received, between …
Persistent link: https://www.econbiz.de/10005836447
Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...
Persistent link: https://www.econbiz.de/10005836490
The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969