Global stochastic approach of energy markets dynamic : modeling future OPEC-plus Stackelberg Market structure 2020-2030
Author
Source
Issue
Vol. 20, Issue 1 (31 Dec. 2020), pp.17-26, 10 p.
Publisher
Kasdi Merbah University Faculty of Economics Commercial Sciences and Management Sciences
Publication Date
2020-12-31
Country of Publication
Algeria
No. of Pages
10
Main Subjects
Topics
Abstract EN
This paper attempts to analyze and determine future transformation of OPEC-Plus Stackelberg market structure, whether from fractional equilibrium where the OPEC behaves as an arbitrageur player, or where OPEC-Plus act as compatible in a Stackelberg crude oil market conditions.
We provided a factual evidence of global energy market structure until 2030 that should ignore suppliers’ intentions and the potential of OPEC-Plus members cheating in production quotas.
We used global dynamic stochastic optimization model (GDSOM) to test the sensitivity of future OPEC-Plus Stackelberg market behavior due to demand elasticity rating of full market competition conditions, oligopoly and dynamic stochastic market conditions.
Empirical results show that future OPEC-Plus Stackelberg market does not presents synergy in dynamic stochastic crude market conditions, which does not comply with the main research rational hypotheses.
American Psychological Association (APA)
Salah al-Din, Dawud. 2020. Global stochastic approach of energy markets dynamic : modeling future OPEC-plus Stackelberg Market structure 2020-2030. Revue du Chercheur،Vol. 20, no. 1, pp.17-26.
https://search.emarefa.net/detail/BIM-1006181
Modern Language Association (MLA)
Salah al-Din, Dawud. Global stochastic approach of energy markets dynamic : modeling future OPEC-plus Stackelberg Market structure 2020-2030. Revue du Chercheur Vol. 20, no. 1 (2020), pp.17-26.
https://search.emarefa.net/detail/BIM-1006181
American Medical Association (AMA)
Salah al-Din, Dawud. Global stochastic approach of energy markets dynamic : modeling future OPEC-plus Stackelberg Market structure 2020-2030. Revue du Chercheur. 2020. Vol. 20, no. 1, pp.17-26.
https://search.emarefa.net/detail/BIM-1006181
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 24-26
Record ID
BIM-1006181