| Article ID: | iaor20115970 |
| Volume: | 39 |
| Issue: | 7 |
| Start Page Number: | 4235 |
| End Page Number: | 4252 |
| Publication Date: | Jul 2011 |
| Journal: | Energy Policy |
| Authors: | Wu Jung-Hua, Huang Yi-Lung, Liu Chang-Chen |
| Keywords: | simulation, petroleum, economics |
• System dynamics model analyzes the effects of oil markets' floating price mechanism. • Feedback mechanism of expected revenues could efficiently simulate pricing mechanism. • Price competition strategy could increase FPCC revenues. • Lowering oil security stockpile, FPCC's pricing strategy would not change. • FPCC prefers to follow CPC pricing when it has more gas stations.