Browsing Discussion Papers by Subject "Market power"
Now showing items 1-6 of 6
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Are high oil prices profitable for OPEC in the long run?
(Discussion Papers;No. 416, Working paper, 2005)High oil prices are favourable for OPEC in the short run, but may undermine its future revenues. We search for the optimal oil price level for the producer group, using a partial equilibrium model for the oil market. The ... -
Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation
(Discussion Papers;No. 280, Working paper, 2000)This paper reports an experiment that studies the behavior of a monopolist on sequential auction markets for tradable permits. Using six sessions in a triple ABA crossover design, we investigate the cost-effectiveness of ... -
Incentives for merger in a noncompetitive permit market
(Discussion Papers;No. 568, Working paper, 2008)Abstract: A group of small competitive permits traders facing an imperfectly competitive permit market may consider cooperation (merger) to act strategically in the permit market. It is a well-known result in the literature ... -
Industry restructuring, OPEC response – and oil price formation
(Discussion Papers;No. 511, Working paper, 2007)Abstract: Increased focus on shareholder returns, capital discipline and return on capital employed (RoACE) caused a slowdown in investment rates and production growth among international oil companies around the turn of ... -
Is price equal to marginal costs? - An integrated study of price-cost margins and scale economies among Norwegian manufacturing establishments 1975-90
(Discussion Paper;No. 93, Working paper, 1993-07)This paper presents an integrated study of price-cost margins and scale economies. The model is estimated on the basis of a comprehensive data set for individual establishments covering almost the whole Norwegian manufacturing ... -
The market power of OPEC 1973-2001
(Discussion Papers;No. 385, Working paper, 2004)Abstract: We apply a multi-equation dynamic econometric model on monthly data to test if the behaviour of OPEC as a whole or different sub-groups of the cartel is consistent with the characteristics of dominant producers ...