| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23423 |
| 来源ID | Working Paper 23423 |
| A World Equilibrium Model of the Oil Market | |
| Gideon Bornstein; Per Krusell; Sergio Rebelo | |
| 发表日期 | 2017-05-22 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We use new, comprehensive micro data on oil fields to build and estimate a structural model of the oil industry embedded in a general equilibrium model of the world economy. In the model, firms that belong to OPEC act as a cartel. The remaining firms are a competitive fringe. We use the model to study the macroeconomic impact of the advent of fracking. Fracking weakens the OPEC cartel, leading to a large long-run decline in oil prices. Fracking also reduces the volatility of oil prices in the long run because fracking firms can respond more quickly to changes in oil demand. |
| 主题 | Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w23423 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581097 |
| 推荐引用方式 GB/T 7714 | Gideon Bornstein,Per Krusell,Sergio Rebelo. A World Equilibrium Model of the Oil Market. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23423.pdf（888KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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