OPEC Behaviour and World Oil Prices

Routledge Library Editions: The Economics and Politics of Oil and Gas, Volume 5, 2016

Overview

This volume, originally published in 1982, brings together economists, political scientists, and industry experts to explain OPEC's past achievements and future prospects as viewed in the early 1980s. The book begins with a clear treatment of the economics of exhaustible resources under monopoly and competition, a framework frequently used to examine pricing issues. It discusses the role of wealth maximization, wealth satisficing, and political factors as OPEC objectives, assessing their implications for world oil prices.

Who it's for

• Economists and political scientists studying resource economics.
• Industry experts interested in historical oil market analysis.
• Researchers examining the factors influencing global oil prices.

Key features

• Language: English
• Format: Hardback
• Pages: 242
• Publisher: Taylor&Francis
• Publication Year: 2016
• ISBN: 9781138646834
• Series: Routledge Library Editions: The Economics and Politics of Oil and Gas