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Norwegian

Petroleum industry research in economics and economic management

Number3162
Project managerRolf Golombek
ClientNorges forskningsråd, PETROSAM
Client project no.184739
ParticipantsKjell Arne Brekke
Bård Harstad
Michael Hoel
Alfonso Irarrazabal
Svenn Jensen
Snorre Kverndokk
Lin Ma
Eric Nævdal
Ole Røgeberg
Period2008 - 2012 (ended)

Project description

This project studies the effects of different climate and energy policies on fossil fuel markets. In particular, we will examine to what extent policies that lower costs of renewable energy production and/or Carbon Capture and Storage will lead to lower emissions in the short run. In the second part of the project we will study the oil market, focusing on OPEC. We will estimate both dynamic cost functions and market demand functions, thereby providing a quantified model of the oil market that combines real world historical data with a rigorous theory-based understanding of an OPEC dominated market. Further, using experimental methods, we will study cartel stability in the presence of climate policy.

Publications

Scientific Journal

Author(s):Title:Year:Reference:Link:
Golombek, Rolf, Alfonso A. Irarrazabal, Lin MaOPEC’s market power: An Empirical Dominant Firm Model for the Oil Market2018Energy Economics 70, 98-115[PDF] [DOI]
Aune, Finn Roar, Ann Christin Bøeng, Snorre Kverndokk, Lars Lindholt, Knut Einar RosendahlFuel efficiency improvements - Feedback mechanisms and distributional effects in the oil market2017Environmental and Resource Economics Vol. 68(1), 15-45[PDF] [DOI]
Kvernokk, S. and K.E. RosendahlThe Effects of Transport Regulation on the Oil Market - Does Market Power Matter?2013Scandinavian Journal of Economics Vol 115(3), 662-694[PDF] [DOI]
Hoel, Michael and Svenn JensenCutting costs of catching carbon-Intertemporal effects under imperfect climate policy2012Resource & Energy Economics vol 34(4), 680-695[PDF]
Hoel, MichaelThe green paradox and greenhouse gas reducing investments2011International Review of Environmental and Resource Economics vol 5(4), 353-379
Hoel, MichaelThe Supply Side of CO2 with Country Heterogeneity2011Scandinavian Journal of Economics vol 113(4), 846-865[PDF]
Røgeberg, O., S. Andresen og B. HolstmarkInternational climate treaties: The case for pessimism2010Climate law 1(1), 177-197[PDF]

Memorandum

This series is published by the Department of Economics, University of Oslo, in cooperation with the Frisch Centre. The list below only contains those memoranda written in connection with projects at the Frisch Centre. A complete list of memoranda is found at http://urn.nb.no/URN:NBN:no-7118

Author(s):Title:Year:Reference:Link:
Golombek, Rolf, Alfonso A. Irarrazabal, Lin MaOPEC’s market power: An Empirical Dominant Firm Model for the Oil Market2015No. 21[PDF]
Hoel, MichaelIs there a green paradox?2010No. 13[PDF]
Hoel, Michael and Svenn JensenCutting Costs of Catching Carbon Intertemporal effects under imperfect climate policy2010No. 19[PDF]

Other publications

Author(s):Title:Year:Reference:Link:
Kverndokk, S. og K.E. RosendahlOil price effects of transport regulation2012EAERE Newsletter, European Association for Environmental and Resource Economists, 9-12[PDF]
Hoel, M.Climate change and carbon tax expectations2010CESifo Working paper no. 2966[PDF]
Hoel, M. og S. JensenCutting Costs of Catching Carbon Intertemporal Effects under Imperfect Climate Policy2010CESifo Working paper no. 3284[PDF]
Hoel, M. og S. JensenCutting Costs of Catching Carbon Intertemporal effects under imperfect climate policy2010Discussion Papers No. 639[PDF]
Kverndokk, Snorre and Knut Einar RosendahlThe Effects of Transport Regulation on the Oil Market - Does Market Power Matter?2010Discussion Papers No. 629[PDF]
Kverndokk, Snorre and Knut Einar RosendahlThe Effects of Transport Regulation on the Oil Market - Does Market Power Matter?2010Discussion Paper 10-40, Resources For the Future, Washington, DC[PDF]