Alonso Alvarez, Irma; Di Nino, Virginia; Venditti, Fabrizio - 2020
implications for the global oil market. Depending on market conditions, OPEC may find it optimal to act either as a monopolist on … uctuations in oil prices, which have left unexplained by a simpler model (where strategic interactions are not taken into account …). Price Targeting shocks, ignored by previous studies, explain around 10 percent of oil price uctuations and are particularly …