We review the empirical literature that extends and tests the Hotelling model of the optimal
depletion of an exhaustible resource. The theory is briefly described to set the stage for the …

The Etruscan Brontoscopic Calendar is a rare document of omens foretold by thunder. It
long lay hidden, embedded in a Greek translation within a Byzantine treatise from the age of …

Most theoretical models of spatial competition show a strong tendency toward spatial
dispersion of firms, yet common observations suggest that firms tend to agglomerate. In this …

During the past several years it has become increasingly common to use mathematical
programming methods for deriving economic equilibria of supply and demand. Well-defined …

This article provides a comprehensive survey of models of dynamic games in the
exploitation of renewable and exhaustible resources. It includes dynamic games at the …

This volume, originally published in 1982, brings together economists, political scientists
and industry experts to explain OPEC's past achievements and future (in the early 1980s) …

The concept of a spatial price equilibrium underlies most studies of spatial movement and
competition. However, this concept is based upon a notion of perfectly competitive markets …

This paper investigates the effect of OPEC production decisions (increase, cut, maintain) on
both WTI and Brent crude oil prices between Q1 1991 and Q1 2015 by employing the event …

A monopolist maximizes a well defined objective function, monetary profit. In a competitive
industry, although each individual pursues selfish objectives, the market behaves as if an …

We investigate the exertion of market power in the global crude oil market over the past
years. Recognizing the difficulty of identifying market power in the crude oil market by …