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An Analysis of OPEC's Strategic Actions, US Shale Growth and the 2014 Oil Price Crash
Behar, Alberto - 2016
US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv …
Persistent link: https://www.econbiz.de/10012977842
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OPEC Spare Capacity and Oil Prices
Till, Hilary - 2015
Oil prices are usually influenced by a number of factors. But are there times when OPEC spare capacity has been the most important factor for driving oil prices? This article will argue the answer is yes, and we will discuss the circumstances when this has been the case in the past
Persistent link: https://www.econbiz.de/10014132190
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What Motivates Membership in Non-Renewable Resource Cartels? The Case of Opec
Mason, Charles F.; Polasky, Stephen - 2015
In this paper, we analyze the question of membership in a non-renewable resource cartel, with specific application to … OPEC. One would expect the benefits of cartel membership to be positively related to the size of remaining reserves, while …
Persistent link: https://www.econbiz.de/10014055688
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All Time Cheaters Versus Cheaters in Distress : An Examination of Cheating and Oil Prices in OPEC
Dibooglu, Sel - 2013
This paper investigates the OPEC quota share system and whether there is any pattern to quot;cheatingquot;. Using threshold cointegration methods, we examine each OPEC member's cheating behavior in periods of rising and falling real oil prices. Most OPEC members behave differently in response to...
Persistent link: https://www.econbiz.de/10012753838
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Imperfect Cartelization in OPEC
Okullo, Samuel Jovan - 2016
restrictive than that of a Cournot-Nash oligopoly, is found to still be more accommodative than that of a perfect cartel. The … participation in the cartel. This is contrary to predictions of the standard cartel model that such producers should be allocated … relatively more stringent quotas. Furthermore, we find that cartel collusion is likely to be sustained for elastic than inelastic …
Persistent link: https://www.econbiz.de/10012996615
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Inscrutable OPEC? : Behavioral tests of the cartel hypothesis
Smith, James L. - In: The energy journal 26 (2005) 1, pp. 51-82
Persistent link: https://www.econbiz.de/10002643064
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OPEC and the international oil market : can a cartel fuel the engine of economic development?
Noguera, Jose; Pecchenino, Rowena A. - In: International journal of industrial organization 25 (2007) 1, pp. 187-199
Persistent link: https://www.econbiz.de/10003423357
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Market power, production (mis)allocation and OPEC
Asker, John; Collard-Wexler, Allan; De Loecker, Jan - 2017
This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....
Persistent link: https://www.econbiz.de/10012116720
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OPEC and Demand Response to Crude Oil Prices
Genc, Talat - 2019
This paper investigates demand response to crude oil price movements before and after the recent global financial and economic crisis. It employs several market power indices to structurally estimate price elasticities. A newly developed market power index for crude oil markets is implemented....
Persistent link: https://www.econbiz.de/10012895848
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OPEC, Saudi Arabia, and the shale revolution : insights from equilibrium modelling and oil politics
Ansari, Dawud - 2017
Why did OPEC not cut oil production in the wake of 2014's price fall? This study aims at aiding the mostly qualitative discussion with quantitative evidence from computing quarterly partial market equilibria Q4 2011 - Q4 2015 under present short-term profit maximisation and different competition...
Persistent link: https://www.econbiz.de/10012107542