Dynamic modelling and testing of OPEC behaviour
Although conventional wisdom suggests that OPEC is a cartel, many studies since 1973 have focused on other underlying forces to explain and forecast OPEC behaviour. Economic theory suggests that natural resource producers should dynamically optimize, and a variety of studies have relied on dynamic o...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Oxford Institute for Energy Studies
1990
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