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Ahmadian, Majid. (1373). Cartelized Oil Market with Alternative Energy Supply. , 1(1), 32-43. doi: 10.22059/ier.1994.30919
Majid Ahmadian. "Cartelized Oil Market with Alternative Energy Supply". , 1, 1, 1373, 32-43. doi: 10.22059/ier.1994.30919
Ahmadian, Majid. (1373). 'Cartelized Oil Market with Alternative Energy Supply', , 1(1), pp. 32-43. doi: 10.22059/ier.1994.30919
Ahmadian, Majid. Cartelized Oil Market with Alternative Energy Supply. , 1373; 1(1): 32-43. doi: 10.22059/ier.1994.30919

Cartelized Oil Market with Alternative Energy Supply

Iranian Economic Review
مقاله 2، دوره 1، شماره 1، مهر 1994، صفحه 32-43    اصل مقاله (368.43 K)
شناسه دیجیتال (DOI): 10.22059/ier.1994.30919
نویسنده
Majid Ahmadian*
Faculty of Economics, University of Tehran, Tehran, Iran.
چکیده
This paper presents an oil price cartel model. The aggregate reaction functions for non-cartel producers and for substitute suppliers are included. The former group acts as a price-taker, while the latter expects oil prices in production of its non-oil energy resources. This expectation about prices affects a cartel’s oil demand and, thus, gives intertemporal price elasticities It turns out that if these elasticities are positive, Hotelling’s rule does not apply to a cartelized market in which a cartel behaves as a price-maker.
آمار
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