View full metadata record

dc.titleTesting the Hypothesis of Collusive Behavior Among Organization of the Petroleum Exporting Countries (OPEC) Members
dc.contributor.authorSpilimbergo, Antonio
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageVenezuela
dc.date.available2011-01-14T00:00:00
dc.date.issue1995-09-19T00:00:00
dc.description.abstractThis paper presents a test to discriminate among behaviors of producers of exhaustible resources. The behavior of a competitive producer of an exhaustible resource should follow an Euler equation. The existence of futures markets allows us to sidestep the difficult issues related to estimating future prices and demand. This theoretical framework is used to test the hypothesis of collusive Organization of the Petroleum Exporting Countries (OPEC) behavior between 1983 and 1991.
dc.format.extent22
dc.identifier.doihttp://dx.doi.org/10.18235/0011610
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Testing-the-Hypothesis-of-Collusive-Behavior-Among-Organization-of-the-Petroleum-Exporting-Countries-(OPEC)-Members.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectIntegration and Trade
dc.subjectPetroleum, Coal and Natural Gas
dc.subjectEnergy Market
dc.subject.keywordscollusive producer;WP-312;Organization of the Petroleum Exporting Countries (OPEC)
idb.identifier.pubnumberWorking Papers
Return to Publication