Models of the oil market

Author(s)

• Crémer, Jacques
• Salehi-Isfahani, Djavad

Bibliographic Information

Models of the oil market

Jacques Crémer and Djavad Salehi-Isfahani

（Harwood fundamentals of pure and applied economics / editors in chief, J. Lesourne, H. Sonnenschein, 32 . Environmental & natural resource economics ; 2）

Routledge, 2001

• : set

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"

Details

• NCID: BA57014279
• ISBN:
  • 0415269512
  • 0415274613
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: London
• Pages/Volumes: ix, 106 p.
• Size: 23 cm
• Subject Headings:
  • LCSH : Petroleum industry and trade -- Mathematical models
• Parent Bibliography ID:
  • BA54755919