Kaufmann, Robert K.; Dees, Stephane; Karadeloglou, Pavlos; … - In: The Energy Journal Volume 25 (2004) Number 4, pp. 67-90
We assess claims that OPEC's ability to influence real oil prices has diminished and that the relationship between real … oil prices and OPEC production can be used to test competing hypotheses about OPEC behavior. An econometric analysis … indicates that there is a statistically significant relationship among real oil prices, OPEC capacity utilization, OPEC quotas …