Abstract
Formal theoretical models of world oil price determination have been developed in recent years. In addition, some empirical estimates of expected future prices have been proposed. This paper explains how exhaustible resource and cartel theory are integrated into the opitmal control framework. Some empirical studies in the optimal control tradition are surveyed and evaluated.
Recommended Citation
Danielsen, Albert L., "Theoretical and Empirical Approaches To The Analysis of OPEC" (1977). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 315, pp. 497-503.
https://scholarsmine.mst.edu/umr-mec/315
Meeting Name
4th Annual UMR-DNR Conference on Energy (1977: Oct. 11-13, Rolla, MO)
Document Type
Article - Conference proceedings
Session
Energy Economics Pricing Strategies
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 1977 University of Missouri--Rolla, All rights reserved.
Publication Date
13 Oct 1977
Included in
Economics Commons, Energy Policy Commons, Environmental Policy Commons, Petroleum Engineering Commons
