Browsing BI Research Centre's Series by Subject "crude oil demand and supply"
Now showing items 1-1 of 1
-
OPEC’s Crude Game: Strategic Competition and Regime-switching in Global Oil Markets
(CAMP Working Paper Series;01/2021, Working paper, 2021-01-25)We develop a model of oligopolistic competition under imperfect monitoring and dynamic observable demand. Efficient symmetric equilibria feature disciplined cooperative regimes interrupted by rare but severe price wars. ...