Kaufmann, Robert K.; Dees, Stephane; Karadeloglou, Pavlos; … - In: The Energy Journal Volume 25 (2004) Number 4, pp. 67-90
We assess claims that OPEC's ability to influence real oil prices has diminished and that the relationship between real oil prices and OPEC production can be used to test competing hypotheses about OPEC behavior. An econometric analysis indicates that there is a statistically significant...
