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World Crude Oil Markets: OPEC's Supplier Power Remains Unchallenged
von Hirschhausen, Christian; Holz, Franziska; Huppmann, … - In: Weekly Report 5 (2009) 22, pp. 154-158
a standard cartel, its individual members can significantly influence prices by acting as powerful oligopolists …
Persistent link: https://www.econbiz.de/10011601275
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World Crude Oil Markets: OPEC's Supplier Power Remains Unchallenged
Hirschhausen, Christian von; Holz, Franziska; Huppmann, … - In: Weekly Report 5 (2009) 22, pp. 154-158
a standard cartel, its individual members can significantly influence prices by acting as powerful oligopolists …
Persistent link: https://www.econbiz.de/10005026860
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A model for the global crude oil market using a multi-pool MCP approach
Huppmann, Daniel; Holz, Franziska - 2009
-cooperative way. -- Crude oil ; market structure ; cartel ; pool market ; simulation model …
Persistent link: https://www.econbiz.de/10003821875
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Inscrutable OPEC : Behavioral Tests of the Cartel Hypothesis
Smith, James L. - 2015
role of dominant producer within the cartel …
Persistent link: https://www.econbiz.de/10012708235
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An Analysis of OPEC's Strategic Actions, US Shale Growth and the 2014 Oil Price Crash
Behar, Alberto - 2016
US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv …
Persistent link: https://www.econbiz.de/10012977842
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Endogenous price commitment, sticky and leadership pricing : evidence from the Italian petrol market
Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013
This article studies dynamic pricing strategies in the Italian gasoline market before and after the market leader unilaterally announced its commitment to adopt a sticky-pricing policy. Using daily Italian firm level prices and weekly average EU prices, we show that the effect of the new policy...
Persistent link: https://www.econbiz.de/10009777053
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Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets
Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...
Persistent link: https://www.econbiz.de/10009777055
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Imperfect Cartelization in OPEC
Okullo, Samuel Jovan - 2016
restrictive than that of a Cournot-Nash oligopoly, is found to still be more accommodative than that of a perfect cartel. The … participation in the cartel. This is contrary to predictions of the standard cartel model that such producers should be allocated … relatively more stringent quotas. Furthermore, we find that cartel collusion is likely to be sustained for elastic than inelastic …
Persistent link: https://www.econbiz.de/10012996615
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Russian Gas Imports in Europe : How Does Gazprom Reliability Change the Game?
Morbee, Joris - 2009
Europe's dependence on Russian gas imports has been the subject of increasing political concern after gas conflicts between Russia and Ukraine in 2006 and 2009. This paper assesses the potential impact of Russian unreliability on the European gas market, and how it affects European gas import...
Persistent link: https://www.econbiz.de/10012720307
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Distinguishable Patterns of Competition, Collusion, and Parallel Action
Smith, James L. - 2003
Alternative market structures are distinguishable by the degree of parallel action exhibited by producers. We show that the correlation between output levels varies systematically with the degree of interdependence among firms, and establish an ordering among alternative behavioral hypotheses...
Persistent link: https://www.econbiz.de/10012739733