a r t i c l e i n f o JEL classification: D42 Q40 C61 Keywords: Quantity instead of price strategies OPEC Dynamic Stochastic and convex demand Uncertainty This paper analyzes the optimal strategy of a monopoly facing stochastic and dynamic demand and choosing a Cournot-type strategy, more precisely, adjusting its output. This investigation is motivated by the decisions of OPEC to adjust its out...

In this paper we have developed an oil outflow model for collision and grounding accidents of tankers. The collision model explicitly links input variables such as tanker hull design (single or double), displacement and speed, striking vessel displacement and speed, and the interaction angle of both vessels to output variables: longitudinal and transversal damage extents of the tanker. Overlayi...

Mongrel dogs were fed, from weaning to 9 months of age, on one of two diets that differed only in the type of fat content (virgin olive oil or sunflower oil) to compare the composition of exocrine pancreatic secretion in the basal period and in response to food. In resting pancreatic flow, electrolytes and the specific activities of amylase, lipase and chymotrypsin were similar in both experime...

Conventional oil sewage treatment methods can achieve satisfactory removal efficiency, but energy consumption problems during the process of oil sewage treatment are worth attention. The integration of a constructed wetland reactor and a microbial fuel cell reactor (CW-MFC) to treat oil-contaminated wastewater, compared with a microbial fuel cell reactor (MFC) alone and a constructed wetland re...

How should monetary authorities react to an oil price shock? The New Keynesian literature has concluded that ensuring complete price stability is the optimal thing to do. In contrast, this paper argues that a meaningful trade-off between stabilizing inflation and the welfare relevant output gap arises in a distorted economy once one recognizes (i) that oil (energy) cannot be easily substituted ...

T his study examines the impact of non-oil export demand on economic performance in Nigeria using annual time series data between 1975 and 2013. The study tests for the unit root and co-integration to determine the time series properties of our variables before using Vector Error Correction (VEC) model for both short- and long- run estimates and possible policy inferences. The result...

Oil refining is an inevitable step in production of edible and industrial oil. Bleaching is the most important process among the refining processes. Bleaching adsorption is the most common method and clay is the most widely used adsorbent in this method. Disposal of bleaching clay, as a waste from re-refining plants, makes many environmental problems and economic losses. In the current study, t...

272 India accounts for 12-15% of world’s oilseed area, 7-8% of oilseeds output, 6-7% of vegetable oil production, 9-12% of vegetable oil import and 9-10% of vegetable oil consumption (Hegde, 2009). The country produces seven edible oilseed crops viz. groundnut, rapeseed-mustard, soybean, sunflower, sesame, safflower and niger and two non edible oilseeds viz. castor and linseed. Though the diver...