Journal ArticleDOI
Exhaustible resource models and predictions of crude oil prices—some preliminary results
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In this article, a simple intertemporal maximization model of exhaustible resources and the comparison of the implied price time paths with the actual ones is presented to test the structure of OPEC.About:
This article is published in Energy Economics.The article was published on 1981-07-01. It has received 10 citations till now.read more
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Energy modelling – a survey of related topics
Franz Wirl,Elisabeth Szirucsek +1 more
Prix internationaux du pétrole, du gaz naturel, de l'uranium et du charbon: la théorie économique nous aide-t-elle à comprendre les évolutions ?
TL;DR: In this article, the authors analyse les principaux determinants des prix du petrole, du gaz naturel, du charbon and de l'uranium sur les marches internationaux.
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Dynamic demand, consumers' expectations and monopolistic resource extraction: An application to OPEC pricing policies
TL;DR: In this paper, the authors introduce intertemporal decision making of the consumers, including different price expectations (myopic, rational), into the framework of monopolistic resource depletion, and empirically apply to derive and reconcile rational OPEC strategies and past behaviour.
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The future of world oil prices Smooth growth or volatility
TL;DR: In this paper, the authors discuss different approaches and paradigms for price projections and for rationalizing past oil price movements, in particular the explicit consideration of the dynamics of the energy markets, i.e., the sluggish behaviour of both consumers and competitive fringe producers.
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Journal ArticleDOI
The Economics of Exhaustible Resources
TL;DR: In this article, a discussion is confined in scope to absolutely irreplaceable assets, including peculiar problems of mineral wealth, free competition, maximum social value and state regulation, monopoly, value of a mine monopoly, retardation of production under monopoly, price effects from cumulated production, and the author's mathematically derived optimum solutions.
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Exhaustible Resources and Industrial Structure: A Nash-Cournot Approach to the World Oil Market
TL;DR: In this paper, the theory of exhaustible resources is modified to take account of the industrial organization of the world oil market, and the cartel is viewed as a unified enterprise which dominates other extractors because of its larger reserves.
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Gains to producers from the cartelization of exhaustible resources
TL;DR: In this paper, the potential gains to producers of forming cartels to market exhaustible resources by calculating both monopolistic and competitive price trajectories were examined to determine the potential gain to producers. But, they concluded that cartel formation has an advantage for petroleum and bauxite, but not for copper.
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Dominant Firm Pricing Policy in a Market for an Exhaustible Resource
TL;DR: In this article, the authors describe a von Stackelberg model of pricing behavior by a dominant firm in a market for an exhaustible resource and show that the optimal dominant firm price strategy is independent of its own costs and is determined by the characteristics of the fringe.