The market power of OPEC
dc.contributor.author | Zietlow, Kim J | |
dc.date.accessioned | 2017-06-15T20:17:45Z | |
dc.date.available | 2017-06-15T20:17:45Z | |
dc.date.created | 2015-01-19 | |
dc.date.issued | 2015-01-19 | |
dc.date.submitted | 2015-01-09 | |
dc.identifier.uri | http://edoc.hu-berlin.de/18452/3889 | |
dc.description.abstract | This 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.iso | ger | |
dc.publisher | Albrecht Daniel Thaer-Institut für Agrar- und Gartenbauwissenschaften | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | OPEC | eng |
dc.subject | oil price determinants | eng |
dc.subject | Hotelling rule | eng |
dc.subject | market power | eng |
dc.subject.ddc | 333.7 Natürliche Ressourcen, Energie, Umwelt | |
dc.title | The market power of OPEC | |
dc.type | book | |
dc.identifier.urn | urn:nbn:de:kobv:11-100225681 | |
dc.identifier.doi | http://dx.doi.org/10.18452/3237 | |
local.edoc.pages | 13 | |
local.edoc.type-name | Buch | |
local.edoc.container-type | series | |
local.edoc.container-type-name | Schriftenreihe | |
local.edoc.container-year | 2015 | |
dc.title.subtitle | Implications for the world market price of oil | |
dc.identifier.zdb | 2942080-5 | |
bua.series.name | SiAg Working Papers | |
bua.series.issuenumber | 2015,19 |