Oil price effects and OPEC's pricing policy: an optimal control approach
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Lexington, Mass. u.a.
Lexington Books
1984
|
| Series: | The Wharton econometric studies series / Studies on export instability and economic growth
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIV, 206 S. |
| ISBN: | 0669082007 |
Staff View
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Record in the Search Index
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| adam_text | IMAGE 1
OIL PRICE EFFECTS
AND OPEC S PRICING POLICY
AN OPTIMAL CONTROL APPROACH
JAIME R. MARQUEZ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
LEXINGTONBOOKS D.C. HEATH AND COMPANY LEXINGTON, MASSACHUSETTS TORONTO
I
IMAGE 2
CONTENTS
FIGURES IX
TABLES XIII
ACKNOWLEDGMENTS XV
CHAPTER 1 OIL PRICE ELASTICITY, INCOME EFFECTS, AND OPEC S PRICING
POLICY 1
CHAPTER 2 INTERNATIONAL TRANSMISSION OF OIL PRICE EFFECTS: A THEORETICAL
MODEL 9
A THEORETICAL MODEL OF OIL PRICE EFFECTS 10
DEVELOPED ECONOMIES 12
NON-OPEC DEVELOPING ECONOMIES 12
OPEC 13
THE INFLUENCE OF OIL PRICES ON THE WORLD ECONOMY 13
ANALYTICAL SOLUTION OF THE MODEL 14
COUNTERINFLATIONARY POLICIES AND THE EFFECT OF OIL PRICES ON THE WORLD
ECONOMY 19
THE EFFECTS OF OIL PRICES ON THE DEMAND FOR OIL 20
SUMMARY 22
CHAPTER 3 INTERNATIONAL TRANSMISSION OF OIL PRICE EFFECTS: AN
ECONOMETRIC MODEL 25
OVERVIEW OF THE ECONOMETRIC MODEL 25
DEVELOPED ECONOMIES 29
OPEC 57
NON-OPEC DEVELOPING ECONOMIES 59
CHAPTER 4 VALIDATION OF THE ECONOMETRIC MODEL 81
DYNAMIC SIMULATION 81
MULTIPLIER ANALYSIS 91
SUMMARY 114
CHAPTER 5 OPTIMAL DERIVATION OF OIL PRICES 117
DERIVATION OF OPTIMAL OIL PRICES USING CLASSICAL WEALTH MAXIMIZATION 117
VII
IMAGE 3
OIL PRICE EFFECTS AND OPEC S PRICING POLICY
REFORMULATING THE CLASSICAL APPROACH 119
ANALYTICAL DERIVATION OF OPTIMAL OIL PRICES 120 DERIVATION OF OPTIMAL
OIL PRICES USING OPTIMAL CONTROL 128
EXPERIMENTAL DESIGN 136
SENSITIVITY ANALYSIS 145
EVALUATION OF SENSITIVITY ANALYSIS RESULTS 169
APPENDIX A: THE CONDITIONAL DEMAND FOR OIL 173
APPENDIX B: DATA CONSTRUCTION 189
REFERENCES 191
INDEX 205
ABOUT THE AUTHOR 207
|
| any_adam_object | 1 |
| author | Marquez, Jaime R. |
| author_facet | Marquez, Jaime R. |
| author_role | aut |
| author_sort | Marquez, Jaime R. |
| author_variant | j r m jr jrm |
| building | Verbundindex |
| bvnumber | BV000239660 |
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| callnumber-label | HD9560 |
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| callnumber-search | HD9560.4 |
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| callnumber-subject | HD - Industries, Land Use, Labor |
| classification_rvk | QR 534 |
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| dewey-full | 338.2/3 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.2/3 |
| dewey-search | 338.2/3 |
| dewey-sort | 3338.2 13 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| indexdate | 2024-07-09T15:10:55Z |
| institution | BVB |
| isbn | 0669082007 |
| language | English |
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| physical | XIV, 206 S. |
| publishDate | 1984 |
| publishDateSearch | 1984 |
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| publisher | Lexington Books |
| record_format | marc |
| series2 | The Wharton econometric studies series / Studies on export instability and economic growth |
| spelling | Marquez, Jaime R. Verfasser aut Oil price effects and OPEC's pricing policy an optimal control approach Lexington, Mass. u.a. Lexington Books 1984 XIV, 206 S. txt rdacontent n rdamedia nc rdacarrier The Wharton econometric studies series / Studies on export instability and economic growth Organization of Petroleum Exporting Countries OPEC (DE-588)75351-8 gnd rswk-swf Mathematisches Modell Balance of payments Mathematical models Inflation (Finance) Effect of energy costs on Mathematical models Petroleum products Prices Mathematical models Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Preispolitik (DE-588)4047118-4 gnd rswk-swf Ökonometrisches Modell (DE-588)4043212-9 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Erdölpreis (DE-588)4136831-9 gnd rswk-swf OPEC (DE-588)75351-8 b Preispolitik (DE-588)4047118-4 s Mathematisches Modell (DE-588)4114528-8 s DE-604 Erdölpreis (DE-588)4136831-9 s Wirtschaftspolitik (DE-588)4066493-4 s Wirtschaftsentwicklung (DE-588)4066438-7 s Ökonometrisches Modell (DE-588)4043212-9 s HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=000143934&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Marquez, Jaime R. Oil price effects and OPEC's pricing policy an optimal control approach Organization of Petroleum Exporting Countries OPEC (DE-588)75351-8 gnd Mathematisches Modell Balance of payments Mathematical models Inflation (Finance) Effect of energy costs on Mathematical models Petroleum products Prices Mathematical models Wirtschaftspolitik (DE-588)4066493-4 gnd Preispolitik (DE-588)4047118-4 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Mathematisches Modell (DE-588)4114528-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Erdölpreis (DE-588)4136831-9 gnd |
| subject_GND | (DE-588)75351-8 (DE-588)4066493-4 (DE-588)4047118-4 (DE-588)4043212-9 (DE-588)4114528-8 (DE-588)4066438-7 (DE-588)4136831-9 |
| title | Oil price effects and OPEC's pricing policy an optimal control approach |
| title_auth | Oil price effects and OPEC's pricing policy an optimal control approach |
| title_exact_search | Oil price effects and OPEC's pricing policy an optimal control approach |
| title_full | Oil price effects and OPEC's pricing policy an optimal control approach |
| title_fullStr | Oil price effects and OPEC's pricing policy an optimal control approach |
| title_full_unstemmed | Oil price effects and OPEC's pricing policy an optimal control approach |
| title_short | Oil price effects and OPEC's pricing policy |
| title_sort | oil price effects and opec s pricing policy an optimal control approach |
| title_sub | an optimal control approach |
| topic | Organization of Petroleum Exporting Countries OPEC (DE-588)75351-8 gnd Mathematisches Modell Balance of payments Mathematical models Inflation (Finance) Effect of energy costs on Mathematical models Petroleum products Prices Mathematical models Wirtschaftspolitik (DE-588)4066493-4 gnd Preispolitik (DE-588)4047118-4 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Mathematisches Modell (DE-588)4114528-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Erdölpreis (DE-588)4136831-9 gnd |
| topic_facet | Organization of Petroleum Exporting Countries OPEC Mathematisches Modell Balance of payments Mathematical models Inflation (Finance) Effect of energy costs on Mathematical models Petroleum products Prices Mathematical models Wirtschaftspolitik Preispolitik Ökonometrisches Modell Wirtschaftsentwicklung Erdölpreis |
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