IDEAS home Printed from https://ideas.repec.org/a/sae/enejou/v7y1986i2p51-68.html
   My bibliography  Save this article

Efficient Pricing During Oil Supply Disruptions

Author

Listed:
  • Richard J. Gilbert
  • Knut Anton Mork

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.

Suggested Citation

  • Richard J. Gilbert & Knut Anton Mork, 1986. "Efficient Pricing During Oil Supply Disruptions," The Energy Journal, , vol. 7(2), pages 51-68, April.
    • Handle: RePEc:sae:enejou:v:7:y:1986:i:2:p:51-68
    DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No2-4
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5547/ISSN0195-6574-EJ-Vol7-No2-4
    Download Restriction: no
    File URL: https://libkey.io/10.5547/ISSN0195-6574-EJ-Vol7-No2-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Knut Anton Mork & Robert E. Hall, 1980. "Energy Prices, Inflation, and Recession, 1974-1975," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 31-64.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Knut Anton Mork, 1994. "Business Cycles and the Oil Market," The Energy Journal, , vol. 15(1_suppl), pages 15-38, June.
    2. Merve Karacaer-Ulusoy & Ayhan Kapusuzoglu, 2017. "The Dynamics of Financial and Macroeconomic Determinants in Natural Gas and Crude Oil Markets: Evidence from Organization for Economic Cooperation and Development/Gulf Cooperation Council/Organization," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 167-187.
    3. Hamdi, Helmi & Sbia, Rashid, 2013. "Dynamic relationships between oil revenues, government spending and economic growth in an oil-dependent economy," Economic Modelling, Elsevier, vol. 35(C), pages 118-125.
    4. Aminu, Nasir & Meenagh, David & Minford, Patrick, 2018. "The role of energy prices in the Great Recession — A two-sector model with unfiltered data," Energy Economics, Elsevier, vol. 71(C), pages 14-34.
    5. Park, Chuhwan & Chung, Mo & Lee, Sukgyu, 2011. "The effects of oil price on regional economies with different production structures: A case study from Korea using a structural VAR model," Energy Policy, Elsevier, vol. 39(12), pages 8185-8195.
    6. Michael B. Devereux & Kang Shi & Juanyi Xu, 2010. "Oil Currency and the Dollar Standard: A Simple Analytical Model of an International Trade Currency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(4), pages 521-550, June.
    7. Greene, David L & Jones, Donald W & Leiby, Paul N, 1998. "The outlook for US oil dependence," Energy Policy, Elsevier, vol. 26(1), pages 55-69, January.
    8. Olayungbo, D.O., 2019. "Effects of oil export revenue on economic growth in Nigeria: A time varying analysis of resource curse," Resources Policy, Elsevier, vol. 64(C).
    9. Venus khim-sen Liew & Arunnan Balasubramaniam, 2017. "Oil Price Shocks and Sectoral Outputs: Empirical Evidence from Malaysia," Economics Bulletin, AccessEcon, vol. 37(1), pages 38-47.
    10. Balcilar, Mehmet & Gupta, Rangan & Wohar, Mark E., 2017. "Common cycles and common trends in the stock and oil markets: Evidence from more than 150years of data," Energy Economics, Elsevier, vol. 61(C), pages 72-86.
    11. Rangan Gupta & Hylton Hollander & Mark E. Wohar, 2016. "The Impact of Oil Shocks in a Small Open Economy New-Keynesian Dynamic Stochastic General Equilibrium Model for South Africa," Working Papers 201652, University of Pretoria, Department of Economics.
    12. Romero-Ávila, Diego & Omay, Tolga, 2022. "Convergence of per capita energy consumption around the world: New evidence from nonlinear panel unit root tests," Energy Economics, Elsevier, vol. 111(C).
    13. Bai, Yang & Dahl, Carol, 2018. "Evaluating the management of U.S. Strategic Petroleum Reserve during oil disruptions," Energy Policy, Elsevier, vol. 117(C), pages 25-38.
    14. Michael R. Darby, 1983. "The Importance of Oil Price Changes in the 1970s World Inflation," NBER Chapters, in: The International Transmission of Inflation, pages 232-272, National Bureau of Economic Research, Inc.
    15. Henry D. Jacoby & James L. Paddock, 1983. "World Oil Prices and Economic Growth In the 1980s," The Energy Journal, , vol. 4(2), pages 31-47, April.
    16. Binetti, Marco Nicola, 2023. "Rebuilding energy infrastructures and the manufacturing sector in post-conflict countries," Energy Policy, Elsevier, vol. 172(C).
    17. Raúl J. Crespo & José A. Zambrano, 2018. "Macroeconomic Impacts of Oil Price Shocks in Venezuela," Bristol Economics Discussion Papers 18/703, School of Economics, University of Bristol, UK.
    18. Liu, Qing & Shi, Kang & Wu, Zhouheng & Xu, Juanyi, 2014. "Oil price stabilization and global welfare," Journal of Development Economics, Elsevier, vol. 111(C), pages 246-260.
    19. Michael R. Darby, 1981. "The Real Price of Oil and the 1970s World Inflation," NBER Working Papers 0629, National Bureau of Economic Research, Inc.
    20. Mr. Benjamin L Hunt, 2005. "Oil Price Shocks: Can they Account for the Stagflation in the 1970's?," IMF Working Papers 2005/215, International Monetary Fund.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:enejou:v:7:y:1986:i:2:p:51-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.