OPEC Behaviour and World Oil Prices

Business & Finance, Economics, Economic Conditions, Economic History
Cover of the book OPEC Behaviour and World Oil Prices by James M. Griffin, David J. Teece, Taylor and Francis
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Author: James M. Griffin, David J. Teece ISBN: 9781317237778
Publisher: Taylor and Francis Publication: March 2, 2016
Imprint: Routledge Language: English
Author: James M. Griffin, David J. Teece
ISBN: 9781317237778
Publisher: Taylor and Francis
Publication: March 2, 2016
Imprint: Routledge
Language: English

This volume, originally published in 1982, brings together economists, political scientists and industry experts to explain OPEC’s past achievements and future (in the early 1980s) prospects. The book opens with a clear, concise amd easy to follow treatment of the economics of exhaustible resources under monopoly and competition, the framework frequently used to examine pricing issues. The role of wealth maximisation, wealth satisficing and political factors as OPEC objectives are discussed and implications for world oil prices assessed. The stability of OPEC and the limitations of its pricing policy are examined and OPEC oil pricing and importers’ policies analysed.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This volume, originally published in 1982, brings together economists, political scientists and industry experts to explain OPEC’s past achievements and future (in the early 1980s) prospects. The book opens with a clear, concise amd easy to follow treatment of the economics of exhaustible resources under monopoly and competition, the framework frequently used to examine pricing issues. The role of wealth maximisation, wealth satisficing and political factors as OPEC objectives are discussed and implications for world oil prices assessed. The stability of OPEC and the limitations of its pricing policy are examined and OPEC oil pricing and importers’ policies analysed.

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