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Insights from a Simple Hotelling Model of the World Oil Market

✍ Scribed by C.-Y. Cynthia Lin


Book ID
106478361
Publisher
Springer US
Year
2008
Tongue
English
Weight
346 KB
Volume
18
Category
Article
ISSN
1573-8981

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Modelling the world oil market: Assessme
✍ StΓ©phane DΓ©es; Pavlos Karadeloglou; Robert K. Kaufmann; Marcelo SΓ‘nchez πŸ“‚ Article πŸ“… 2007 πŸ› Elsevier Science 🌐 English βš– 400 KB

This paper describes a structural econometric model of the world oil market that can be used to analyse oil market developments and risks. Oil demand depends on domestic economic activity and the real price of oil. Oil supply for non-OPEC producers, based on competitive behaviours, is constrained by