The International Oil Market: A Case of Trilateral Oligopoly pdf

Alessandro Roncaglia (Rome, 1947) a été ou est professeur d'économie à l'Université Sapienza de Rome (1981-2017) ; éditeur, Moneta e credito et PSL (anciennement BNL) Quarterly Review (1989-2016), et membre de leur comité de rédaction (depuis 1979) ; comité de direction de la rédaction, Journal of Post Keynesian Economics (depuis sa fondation en 1978); membre, Società Italiana degli Economisti (présidence du Conseil, 1992-95 ; président, 2010-2013). Il est président, associazione culturale Economia civile depuis sa fondation en 2011, et membre, Accademia Nazionale dei Lincei (membre correspondant 1998-2007 ; depuis 2007, membre national ; co-administrateur académique et membre du conseil de la présidence, 2018-). Auteur d'articles et de livres traduits dans de nombreuses langues, de l'espagnol au chinois, du japonais au russe, du coréen au catalan ; parmi ceux-ci, Piero Sraffa (Macmillan Palgrave, 2009) et La richesse des idées (CUP, 2005), dont l'édition italienne (Laterza 2001) a reçu le prix Jerome Blanqui de la Société européenne pour l'histoire de la pensée économique en 2003.

The International Oil Market: A Case of Trilateral Oligopoly pdf par Alessandro Roncaglia

Over the past fifteen years, events in the international oil market have had a direct impact on the personal well-being of members of both developed and underdeveloped economies. They have also had a wide-ranging impact on the evolution of the world economy, an impact which varies widely from country to country. As a result of the sharp changes that have occurred in the oil market over the last fifteen years, it is easier to identify the reasons why this sector occupies such a central role in modern economies. First, oil is an indispensable means of production, as a raw material for the petrochemical sector, and - above all - as a source of energy. In this respect, the fact that the price of oil was for a long period low, compared with available alternatives, and decreasing in real terms, helps to explain the impact of oil on the world's economies. Since changes in the direction of techno-logical research and the adaptation and adjustment of production equip-ment require substantial periods of time, it is likely that, despite the recent large increases in its price, oil will be required for many years to come to satisfy a substantial, if decreasing, share of the energy require-ments of all countries.