In this paper we ask whether OPEC still gains from cartelisation in the oil market despite low producer prices and a modest market share. We apply two intertemporal equilibrium models of the global oil market; one consisting of a cartel and a fringe, and one describing a hypothetical competitive...

The aim of this paper is to examine the impacts of a global carbon tax on fossil fuel markets. In particular, the effect on the Norwegian, as well as the global, petroleum wealth is studied. Most empirical models of fossil fuel markets either use an exogenous price path, or model the supply side...

In this paper we focus on how an international carbon treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The international oil market is modelled with a cartel (OPEC) and a competitive...

This paper studies the effects on fossil fuel prices, extraction paths and petroleum wealth of an international carbon tax on fossil fuel consumption. We present an intertemporal equilibrium model for fossil fuels, where the main focus is on the oil market. The impacts of a global carbon tax of...

In this paper we focus on how an international climate treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The international oil market is modelled with a cartel (OPEC) and a competitive...

This paper analyses the markets for fossil fuels given that the limits that the Kyoto Protocol sets on CO2 emissions from Annex B countries extend beyond 2008-2012. To our knowledge we are the first to apply a forward-looking model with endogenous prices for fossil fuels in analysis of specific...

How should the world economy adapt to the increased demand for exhaustible resources from countries like China and India? To address that issue, this paper presents a dynamic model of the world economy with two technologies for production; a resource technology which uses an exhaustible resource...

Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects -so-called rebound effects- compensate or even overcompensate potential savings, will they fire back? The answer to this...

Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects - so-called rebound effects - compensate or even overcompensate potential savings, will they fire back? The answer to...