Hugendubel.info - Die B2B Online-Buchhandlung 

Merkliste
Die Merkliste ist leer.
Bitte warten - die Druckansicht der Seite wird vorbereitet.
Der Druckdialog öffnet sich, sobald die Seite vollständig geladen wurde.
Sollte die Druckvorschau unvollständig sein, bitte schliessen und "Erneut drucken" wählen.

OPEC and the Price of Petroleum

Theoretical Considerations and Empirical Evidence
BuchKartoniert, Paperback
206 Seiten
Englisch
Springererschienen am14.03.2012Softcover reprint of the original 1st ed. 1989
Starting from a level less than 2 $ per barrel in 1972, the spot market price of Arabian Light crude oil increased to some 35 $ in 1980, then slowly decreased, and finally fell to 13 $ in 1986 (annual averages).mehr
Verfügbare Formate
BuchKartoniert, Paperback
EUR53,49
E-BookPDF1 - PDF WatermarkE-Book
EUR53,49

Produkt

KlappentextStarting from a level less than 2 $ per barrel in 1972, the spot market price of Arabian Light crude oil increased to some 35 $ in 1980, then slowly decreased, and finally fell to 13 $ in 1986 (annual averages).
Details
ISBN/GTIN978-3-642-83928-3
ProduktartBuch
EinbandartKartoniert, Paperback
Verlag
Erscheinungsjahr2012
Erscheinungsdatum14.03.2012
AuflageSoftcover reprint of the original 1st ed. 1989
ReiheStudies in International Economics and Institutions
Seiten206 Seiten
SpracheEnglisch
IllustrationenXII, 206 p.
Artikel-Nr.18233751
Rubriken
GenreWirtschaft

Inhalt/Kritik

Inhaltsverzeichnis
1. Introduction.- 1.1. Oil price fluctuations and their impact on economic performance.- 1.2. Plan of the study.- 2. The world petroleum market: history and institutions.- 2.1. Petroleum as an exhaustible resource.- 2.2. The Organization of Petroleum Exporting Countries.- 2.3. The price of petroleum.- 2.4. A brief history of the world petroleum market.- 2.5. Summary of some stylised facts.- 3. The price of petroleum in economic theory.- 3.1. Types of oil market models.- 3.2. The economic theory of exhaustible resources.- 3.3. Parameter changes in the standard model.- 3.4. Approaches without exhaustibility.- 3.5. An evaluation.- 4. An intertemporal model of OPEC´s pricing policy.- 4.1. Basic assumptions.- 4.2. Necessary conditions of optimality.- 4.3. The consumption path.- 4.4. Accumulation of foreign assets and the existence of an optimal solution.- 4.5. The price path.- 4.6. The equilibrium in the long run.- 4.7. An evaluation of the model and its results.- 5. A simplified version of the model.- 5.1. The assumptions.- 5.2. Optimality conditions.- 5.3. The optimal pricing policy.- 5.4. Imperfect information and the occurrence of price shocks.- 5.5. Theoretical results and the empirical oil price cycle: a comparison.- 6. An econometric model of the world petroleum market.- 6.1. Objectives of the investigation.- 6.2. OPEC and oil price fluctuations.- 6.3. Empirical results.- 6.4. Optimal pricing policies in the empirical model.- 7. Final remarks.- 7.1. Summary and conclusions.- 7.2. A remark on policy implications.- 7.3. Areas of future research.- Appendix: Optimal control theory.- A.1. The problem.- A.2. Necessary and sufficient conditions.- A.3. Saddle points and the stability of optimal solutions.- References.mehr