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OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - 2013
In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and are significant at standard test levels. We find that OPEC exercised its...
Persistent link: https://www.econbiz.de/10010328808
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OPEC's market power: An empirical dominant firm model for the oil market
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - 2015
We estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All estimated structural parameters have the expected sign and are significant. We find that OPEC exercised market power during the sample period....
Persistent link: https://www.econbiz.de/10011694167
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OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market
Golombek, Rolf; Irarrazabal, Alfonso; Ma, Lin - 2014
In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and are significant at standard test levels. We find that OPEC exercised its...
Persistent link: https://www.econbiz.de/10012143841
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OPEC's market power: An empirical dominant firm model for the oil marketorecasting recessions in real time
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - Norges Bank - 2014
In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and are significant at standard test levels. We find that OPEC exercised its...
Persistent link: https://www.econbiz.de/10010787783
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OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - CESifo - 2013
In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and are significant at standard test levels. We find that OPEC exercised its...
Persistent link: https://www.econbiz.de/10010721612
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OPEC's market power : an empirical dominant firm model for the oil market
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - 2013
In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and are significant at standard test levels. We find that OPEC exercised its...
Persistent link: https://www.econbiz.de/10010212353
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OPEC's market power : an empirical dominant firm model for the oil market
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - 2015 - Last modified Dec 18, 2015
We estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All estimated structural parameters have the expected sign and are significant. We find that OPEC exercised market power during the sample period....
Persistent link: https://www.econbiz.de/10011440397
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OPEC's market power: an empirical dominant firm model for the oil market
Golombek, Rolf; Irarrazabal, Alfonso A.; Ma, Lin - In: Energy economics 70 (2018), pp. 98-115
Persistent link: https://www.econbiz.de/10011942626