• OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market 

      Golombek, Rolf; Irarrazabal, Alfonso; Ma, Lin (Working Papers;3/2014, Working paper, 2014)
      In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and ...