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OPEC Behaviour and World Oil Prices
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Product Details
Author:
James M. Griffin, David J. Teece
Format:
Paperback
Pages:
242
Publisher:
Taylor & Francis (March 20, 2018)
Language:
English
ISBN-13:
9781138646858
Weight:
15.875oz
Dimensions:
6.125" x 9.1875"
File:
TAYLORFRANCIS-TayFran_260131054736951-20260131.xml
Folder:
TAYLORFRANCIS
List Price:
$54.99
Series:
Routledge Library Editions: The Economics and Politics of Oil and Gas
Case Pack:
1
As low as:
$52.24
Publisher Identifier:
P-CRC
Discount Code:
H
Audience:
General/trade
Country of Origin:
United States
Pub Discount:
30
Imprint:
Routledge
Overview
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.
