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Efficient Pricing During Oil Supply Disruptions

Abstract:
Recent events in the oil market make it easy to forget the policy problems of dealing with supply interruptions. Realizing that history tends to repeat itself and that crises are not conducive to good decisions, it seems worthwhile, therefore, to examine the problem of efficient pricing in the wake of an oil price shock.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Energy Security and Geopolitics – Energy Security

JEL Codes:
L13 - Oligopoly and Other Imperfect Markets
Q48 - Energy: Government Policy

Keywords: Oil supply disruptions, Efficient pricing, oil shocks, Energy polcy

DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No2-4


Published in Volume 7, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.