Unité mixte de recherche 7235

Does OPEC still exist as a cartel? An empirical investigation

Vincent Brémond, Emmanuel Hache, Valérie Mignon

[en]The aim of this paper is to determine if OPEC acts as a cartel by testing whether the production decisions of the different countries are coordinated and if they have an influence on oil prices. Relying on cointegration and causality tests in both time series and panel settings, our findings show that the OPEC influence has evolved through time, following the changes in the oil pricing system. While the influence of OPEC is found to be important just after the counter-oil shock, our results show that OPEC is price taker on the majority of the considered sub-periods. Finally, by dividing OPEC between savers and spenders, we show that it acts as a cartel mainly with a subgroup of its members.[/en]

AGENDA

lundi 27 juin 2022

Law, Institutions and Economics in Nanterre (LIEN)

Miriam Buiten (St Gallen Univ)

En distanciel à 11H30

From intermediaries to moderators of the internet: Should online platforms be liable?

jeudi 30 juin 2022

Doctorants

Zoltán Szücs | Gagnie Pascal Yebarth

Salle 401-402

Le rôle de la police municipale dans la satisfaction des attentes de la population parisienne en termes de tranquillité publique | Politiques publiques et externalités dans les jeux stratégiques de marché

vendredi 1 juillet 2022

Colloques et Workshops

9th Workshop on Economic Analysis of Litigation

lundi 4 juillet 2022

Colloques et Workshops

Webinar conjoint sur l’environnement et la santé dans les villes maritimes

lundi 18 juillet 2022

Colloques et Workshops

Workshop “Sustainability, Public Action, and Well-Being”

jeudi 1 septembre 2022

Professeurs invités

Stéphane Méchoulan

vendredi 16 septembre 2022

Colloques et Workshops

Tables rondes de macro-finance contemporaine

lundi 19 septembre 2022

Colloques et Workshops

Valeur, valeurs

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