We conduct an event analysis on OPEC quota announcements to determine their impact on the stock returns in the oil industry. We find that announcements to reduce the quota are followed by positive excess returns over pre-announcement levels, announcements of no action are met with negative excess returns and announcements to increase the quota have no significant impact on stock market returns....

The paper outlines a model founded on statistical mechanics, complexity, and games. It is applied to a number of issues; including coalitional behaviour in OPEC, transition economics with reference to Russia, and conditions for the emergence of a Natural Gas Vehicle Industry.

Oil is the driving force for the modern economy as a cheap energy source and its reliable supply of oil is therefore a crucial element of economic growth. Oil resources however, are unevenly distributed and concentrated into only a few, on average, emerging economies. Inefficient and ineffective resource management can jeopardize the secure flow of oil. Especially since these supplying countrie...

the use of organophosphorus hydrolase (oph) enzyme to degrade chemical warfare agents is one of the most frequently used decontamination methods. oph is a ~36 kda homodimeric metalloprotein that is found in the membrane of flavobacterium sp. strain atcc 27551 and brevundimonas diminuta mg and is capable of hydrolyzing a wide range of oxon and thion , such as paraoxon and parathion. oph gene ( o...

in the initial models of economic growth, economic factors entered in to models but in the following models, non-economic factors entered in to models. many broad studies were done on this subject by the economists, and already considerable results were obtained. subjects such as corruption in the administrative bodies were new variables entering the literature of economic growth at that stage....

capital market is one of the most important sectors of every economy. economic growth can lead to capital market boom and development, on the other hand, achieving desired economic growth and development is impossible without efficient financial institution and suitable funding resources. in this study the relationship between financial development and economic growth in opec countries and non-...

in this paper, monopolistic behavior of opec, as the largest and most stable international organization between jan. 1973 to sep. 2008, is studied. for this purpose, fundamentals of game theory is used as a basis to come-up with a criterion to make a distinction between two market structures based on mutual dependency of institutions. then using such criterion, a regressive model based on expla...