Khaled Kheiravar, University of California, Davis
A Structural Econometric Model of the Dynamic Game Between Petroleum Producers in the World Petroleum Market
Date and Location
Friday, April 28, 2017, 12:10 PM - 1:00 PM
ARE Conference Room, 2102 Social Sciences and Humanities
In this paper, we develop and estimate a structural econometric model of the dynamic game among petroleum-producing firms in the world petroleum market. Our model allows firms that are at least partially state-owned to have objectives other than profit maximization alone. We use the structural econometric model to analyze the effects of changes in OPEC policy, the privatization of state-owned oil companies, production quotas, a ban on mergers, and demand shocks on the petroleum industry. Our modeling outcomes can be used to help inform decision-making and policy design. The results of our research will be of interest to academics, policy-makers, entrepreneurs, and business practitioners, including oil companies, alike. This model will also help petroleum firms better respond to government policies, and will help policy-makers better design sustainable energy policies.
Subscribe to Upcoming Seminars
Individual seminar and workshop announcements are circulated via separate mailing lists. To subscribe, send an email to the relevant list:
- Click here to subscribe to the Departmental Seminars.
- Click here to subscribe to the Agricultural Economics Workshop.
- Click here to subscribe to the Development Workshop.
- Click here to subscribe to the Econometrics Seminars.
- Click here to subscribe to the Environmental and Resource Economics Workshop and the Environmental and Energy Economics Workshop.
Contact Us2116 Social Sciences and Humanities
University of California, Davis
One Shields Avenue
Davis, CA 95616
Main Office: 530-752-1515
Student Advising Services: 530-754-9536
DeLoach Conference Room: 530-752-2916
Main Conference Room: 530-754-1850