OPEC Behaviour and World Oil Prices (Routledge Library Editions: The Economics and Politics of Oil and Gas)

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OPEC Behaviour and World Oil Prices (Routledge Library Editions: The Economics and Politics of Oil and Gas) image
ISBN-10:

1138646857

ISBN-13:

9781138646858

Edition: 1
Released: Mar 29, 2018
Publisher: Routledge
Format: Paperback, 238 pages
Related ISBN: 9781138646834

Description:

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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