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2015-01-19Buch DOI: 10.18452/3237
The market power of OPEC
dc.contributor.authorZietlow, Kim J
dc.date.accessioned2017-06-15T20:17:45Z
dc.date.available2017-06-15T20:17:45Z
dc.date.created2015-01-19
dc.date.issued2015-01-19
dc.date.submitted2015-01-09
dc.identifier.urihttp://edoc.hu-berlin.de/18452/3889
dc.description.abstractThis paper analytically addresses the question, to which degree the market power of OPEC is the key reason for the world market price of crude oil to exceed marginal extraction costs. Describing the various determinants of both extraction costs and the oil price constitutes the basis for an in-depth discussion on the relative impact of these variables. We argue that despite OPEC’s significant market power, other forces such as steadily increasing global demand, temporary supply constraints, or a growing importance of resource pragmatism and nationalism play a much greater role than OPEC’s market power.eng
dc.language.isoger
dc.publisherAlbrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften
dc.subjectOPECeng
dc.subjectoil price determinantseng
dc.subjectHotelling ruleeng
dc.subjectmarket powereng
dc.subject.ddc333.7 Natürliche Ressourcen, Energie, Umwelt
dc.titleThe market power of OPEC
dc.typebook
dc.subtitleImplications for the world market price of oil
dc.identifier.urnurn:nbn:de:kobv:11-100225681
dc.identifier.doihttp://dx.doi.org/10.18452/3237
local.edoc.container-titleSiAg Working Papers
local.edoc.pages13
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2015
local.edoc.container-issue19
local.edoc.container-year2015
local.edoc.container-erstkatid2942080-5

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