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dc.contributor.authorIrarrazabal, Alfonso
dc.contributor.authorGolombek, Rolf
dc.contributor.authorMa, Lin
dc.date.accessioned2018-01-31T13:32:59Z
dc.date.available2018-01-31T13:32:59Z
dc.date.created2017-12-05T10:51:15Z
dc.date.issued2018
dc.identifier.citationEnergy Economics, 2018, 70(February), 98-115nb_NO
dc.identifier.issn0140-9883
dc.identifier.issn1873-6181
dc.identifier.urihttp://hdl.handle.net/11250/2481026
dc.descriptionThis is an Open Access articlenb_NO
dc.description.abstractWe 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.nb_NO
dc.language.isoengnb_NO
dc.publisherElseviernb_NO
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0140988317304012
dc.titleOPECs Market Power: An Empirical Dominant Firm Model for the Oil Marketnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.source.journalEnergy Economicsnb_NO
dc.identifier.doi10.1016/j.eneco.2017.11.009
dc.identifier.cristin1522862
dc.description.localcode1, OAnb_NO
cristin.unitcode158,3,0,0
cristin.unitnameInstitutt for samfunnsøkonomi
cristin.ispublishedfalse
cristin.fulltextoriginal
cristin.qualitycode1


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