Mignon, Valérie; Brémond, Vincent; Hache, Emmanuel - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2011
The aim of this paper is to determine if OPEC acts as a cartel by testing whether the production decisions of the different countries are coordinated and if they have an influence on oil prices. Relying on cointegration and causality tests in both time series and panel settings, our findings...
