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Modeling OPEC behavior : theories of risk aversion for oil producer decisions

Reynolds, Douglas B. - In: Energy policy 27 (1999) 15, pp. 901-912

Persistent link: https://www.econbiz.de/10001451897

OPEC, shale oil, and global warming : on the importance of the order of extraction

Benchekroun, Hassan; Meijden, Gerard van der; Withagen, Cees - 2017

We show that OPEC's market power contributes to global warming by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We fully characterize the equilibrium of a cartel-fringe model and use a calibration to examine the importance of this...

Persistent link: https://www.econbiz.de/10011773005

OPEC, shale oil, and global warming : on the importance of the order of extraction

Benchekroun, Hassan; Meijden, Gerard van der; Withagen, Cees - 2017

Persistent link: https://www.econbiz.de/10011754208

The drivers of oil prices : the usefulness and limitations of non-structural model, the demand-supply framework and informal approaches

Fattouh, Bassam - 2007

Persistent link: https://www.econbiz.de/10003485584

The drivers of oil prices : the usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches

Fattouh, Bassam - In: EIB papers 12 (2007) 1, pp. 128-156

Persistent link: https://www.econbiz.de/10003513689

The drivers of oil prices : the usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches

Fattouh, Bassam - In: EIB papers 12 (2007) 1, pp. 128-156

rest on the theory of exhaustible resources, the supply-demand framework uses behavioural equations that link oil demand … oil prices. Although all approaches provide useful insights on how the world oil market functions, they suffer from major …

Persistent link: https://www.econbiz.de/10011497652