Journal ArticleDOI
Inter-relationships between spot and sticky-price markets for crude oil: A diagrammatic analysis
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The authors showed that under normal conditions, when the OPEC cartel has been functioning effectively, the sticky-price market tends to drive the spot market, while under other conditions, like an international supply crisis or weak cohesion in OPEC, spot and sticky-prices may deviate considerably, and the Spot market drives the sticky price market.About:
This article is published in Energy Economics.The article was published on 1990-07-01. It has received 3 citations till now. The article focuses on the topics: Spot market & Spot contract.read more
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Accounting for nitrogen in Denmark—a structural decomposition analysis
Mette Wier,Berit Hasler +1 more
TL;DR: In this article, the authors examined the environmental economic cycle for nitrogen in Denmark based on nitrogen input and output from different economic sectors and found that technological change (intensified agricultural production) and economic growth (especially rising exports) were the key factors, structural shifts (changes in commodity mix in the household and production sectors) generally being of less importance.
Journal ArticleDOI
OPEC and cheating: Revisiting the kinked demand curve
TL;DR: In this paper, the well known kinked demand curve model of oligopoly behavior is applied to a price and market share fixing oligopoly in a deterministic world, with appropriate modifications it can be applied to OPEC as a price fixing cartel with varying degrees of cohesion (from 1973-1986), and as a quantity fixing cartel (since 1986), operating in an uncertain world.
Market behavior of OPEC countries: An Application of Panel data Models
TL;DR: Kaufmann et al. as mentioned in this paper have analyzed the collusive, competitive and monopolistic behavior of OPEC and its power to influence the market and concluded that OPEC appears to be a real cartel with at least partially effective output coordination.
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Energy: Markets and Regulation, Essays in Honor of M.A. Adelman
TL;DR: Energy: Markets and Regulation as mentioned in this paper is a valuable survey of current thinking on energy economics focusing on the regulation of energy markets, including resource estimation and energy supply and demand, and environmental control.
Related Papers (5)
Oil prices, speculation, and fundamentals: Interpreting causal relations among spot and futures prices
Robert K. Kaufmann,Ben Ullman +1 more