By James M. Griffin,David J. Teece
This quantity, initially released in 1982, brings jointly economists, political scientists and specialists to give an explanation for OPEC’s prior achievements and destiny (in the early Eighties) customers. The booklet opens with a transparent, concise amd effortless to stick with therapy of the economics of exhaustible assets lower than monopoly and festival, the framework often used to ascertain pricing concerns. The position of wealth maximisation, wealth satisficing and political components as OPEC targets are mentioned and implications for international oil costs assessed. the steadiness of OPEC and the constraints of its pricing coverage are tested and OPEC oil pricing and importers’ rules analysed.
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OPEC Behaviour and World Oil Prices: Volume 5 (Routledge Library Editions: The Economics and Politics of Oil and Gas) by James M. Griffin,David J. Teece
by Christopher
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