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This paper estimates a dynamic model of the world oil market and tests whether OPEC countries colluded and whether non … elasticity faced by OPEC is more elastic than the market demand elasticity, which is relatively inelastic. Market demand has …
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not being able to sell quickly. Many studies have documented the existence of the co-movements (commonality) of market … liquidity in equity markets as a priced factor. The primary objective of this paper is to introduce the oil market as a … potential source of commonality in liquidity. We hypothesize that conditions specific to the oil market can contribute to …
Persistent link: https://www.econbiz.de/10012626765
The present paper offers a short history of the Organization of Petroleum Exporting Countries (OPEC) together with a brief account of its goals, operational structure, membership requirements and its role in regulating oil prices. Studying oil price developments and OPEC's role since its...
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