IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpot/0307001.html
   My bibliography  Save this paper

Resellers' Regulated Demand Price of 93 Octane Petrol in Namibia Relative to OPEC Crude Oil Price, 1991

Author

Listed:
  • Voxi H.S. Amavilah

    (Glendale College)

Abstract

This paper examines the efficiency implications of regulated demand price of 93 octane petrol relative to OPEC crude oil price across 183 Namibian localities in 1991. It describes briefly pricing problems associated with managing petroleum and petro-products. Assuming that demand price depends on expected profits and the quantities demanded and supplied, econometric estimations show actual average petrol prices higher than estimated (optimal) prices. Petrol prices are higher in Namibia than in either OPEC countries or the rest of the world, with the exception of the OECD countries. Two measures of efficiency conclude that managed prices in Namibia are non-optimal, and therefore recommend liberalization of the petrol industry in order to increase actual competition, efficiency, and consumer surplus, and lower prices.

Suggested Citation

  • Voxi H.S. Amavilah, 2003. "Resellers' Regulated Demand Price of 93 Octane Petrol in Namibia Relative to OPEC Crude Oil Price, 1991," Others 0307001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpot:0307001
    Note: Type of Document - WordPerfect; prepared on IBM PC - PC; to print on HP/PostScript; pages: 22 ; figures: request from author. I never published this piece and now I would like to reduce mailing and xerox cost by posting it.
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0307/0307001.pdf
    Download Restriction: no
    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0307/0307001.ps.gz
    Download Restriction: no
    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0307/0307001.doc.gz
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    demand for petrol in Namibia;

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

    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:wpa:wuwpot:0307001. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    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.