Analyse economique du comportement de l'OPEP en tant que 'Price Leader'

Abstract

In the long term, oil demand has a very important negative price elasticity compared to the short term. In the case of a price rise, incomes consequently tend to fall after having reached a peak in the short term. However, the impact of a price increase on the oil-producing countries' incomes can vary according to the prevailing (low or high) price range. On the basis of the statistical series pertaining to OPEC's oil incomes, this article tries to illustrate these phenomena and to simulate the evolution these incomes could have known if the oil prices increases of 1979-1980 had been slowed down. -from English summarySCOPUS: NotDefined.jinfo:eu-repo/semantics/publishe