Future World Oil Prices and Production Levels: An Economic Analysis

This paper is motivated by our beliefs that (1) economics does matter in world oil markets and (2) today's applied models either entirely neglect or (at best) only partially incorporate well-known economic fundamentals. We know of no applied model preceding ours that fully embodies the fundamental microeconomics of both depletable resources and industrial market structure (specifically dominant firm cartel theory) that characterize the world oil market.

MoreLess

Year of publication:	1986
Authors:	Marshalla, Robert A. ; Nesbitt, Dale M.
Published in:	The Energy Journal. - International Association for Energy Economics - IAEE, ISSN 0195-6574. - Vol. Volume 7.1986, Number 1, p. 1-22
Publisher:	International Association for Energy Economics - IAEE

More details

Extent:	text/html
Type of publication:	Article
Classification:	F0 - International Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004984130