from OPEC-caused price changes.) In addition, we believe that use of regulated prices is inconsistent with the spirit of a study purporting to demonstrate the advantages of increased competition. Our second alternative question modifies the meaning of an optimally configured capital stock. We call it the dynamic optimization (DO)

This study further develops a party to party gas price bargaining model (expanded in a research paper by Okugu, 2002) by using proxies of prices of these replacement fuels in OPEC spot oil prices and Henry Hub (HH) spot gas prices. The study finds a significant relationship between the variables. When optimally lagged data are analysed in a vector autoregressive model, a significant longer-term...

This paper is mainly concerned with the classical KKT reformulation and the primal KKT reformulation (also known as an optimization problem with generalized equation constraint (OPEC)) of the optimistic bilevel optimization problem. A generalization of the MFCQ to an optimization problem with operator constraint is applied to each of these reformulations; hence leading to new constraint qualifi...

the organization of the petroleum exporting countries (opec) has a key role in making universal political and economic decisions regarding petroleum. therefore, it seems highly important to assess the opec member’s degree of concentration and its monopoly.  this research, aims to assess and classify the concentration of petroleum export in the opec countries during the 1997-2011 period by the h...

Between January 2017 and March 2020 a coalition of oil producers led by OPEC Russia (known as OPEC+) cut production in an attempt to raise the price crude oil. In corona virus shock collapse this coalition, members did not agree on keeping market tight face large negative demand shock. Yet, was OPEC+ actually effective sustaining oil? early when strategy place, inventories fell substantially re...