Models of the oil market
Author(s)
Bibliographic Information
Models of the oil market
(Harwood fundamentals of pure and applied economics / editors in chief, J. Lesourne, H. Sonnenschein, 32 . Environmental & natural resource economics ; 2)
Routledge, 2001
- : set
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Note
Reprint. Originally published: Amsterdam : Harwood Academic Publishers, 1991. (Fundamentals of pure and applied economics ; v. 44. Natural resources and environmental economics section)
Includes bibliographical references (p. 98-103) and index
Description and Table of Contents
- Volume
-
: set ISBN 9780415269513
Description
First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.
Table of Contents
J. Hartwick Non-renewable Resources Extraction Programs and Markets J. Cremer and D. Salehi-Isfahani Models of the Oil Market P. Lasserre Long Term Control of Exhaustible Resources
- Volume
-
ISBN 9780415274616
Description
Economists have proposed a large variety of models of the oil market and this survey integrates them in a coherent framework.
Table of Contents
- 1. Introduction
- 2. Historical Overview of the Market
- 2.1. Introduction
- 2.2. 1945 to 1970
- 2.3. 1970 to 1973
- 2.4. The 1973 price increase
- 2.5. 1974 to 1978
- 2.6. The 1979-1980 price increases
- 2.7. 1981 to the present
- 3. Informal Models
- 3.1. Introduction
- 3.2. The relevance of exhaustibility
- 3.3. Competitive supply of oil
- 3.4. Demand
- 3.5. Models emphasizing monopoly behavior
- 3.5.1. The cartel model: theory
- 3.5.2. Dominant firm: theory
- 3.5.3. The cartel model: application to the oil market
- 3.5.4. The dominant firm model: application to the oil market
- 3.6. Models emphasizing competitive behavior
- 3.6.1. Backward bending supply curve
- 3.6.2. Property rights model
- 3.6.3. Supply shock models
- 3.7. Conclusion
- 4. Simulation Models
- 4.1. Introduction
- 4.2. Model building for the oil market
- 4.2.1. The 'ideal' model
- 4.2.2. Problems of implementation of the ideal model
- 4.3. Results
- 4.4. Conclusion
- 5. Theoretical Models
- 5.1. Introduction
- 5.2. Modeling production
- 5.3. Games between producers and consumers
- 6. Empirical Tests of the Oil Market
- 6.1. Introduction
- 6.2. Econometric tests
- 7. Consensus and Open Issues
- 8. Conclusion
- Bibliography
- Epilogue
- Index
by "Nielsen BookData"