کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7350869 1476693 2018 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
OPEC's market power: An empirical dominant firm model for the oil market
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
OPEC's market power: An empirical dominant firm model for the oil market
چکیده انگلیسی
We estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2016 period. The estimated structural parameters have the expected signs and are significant. We find that OPEC exercised market power during the sample period. Counterfactual experiments indicate that world GDP is the main driver of long-run oil prices. However, supply (depletion) factors have become more important in recent years.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 70, February 2018, Pages 98-115
نویسندگان
, , ,