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OPEC and World Oil Prices : Is the Genie Back in the Bottle ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Griffin, James M. |
| Copyright Year | 2008 |
| Abstract | past two decades, this paper employs asimulation model to explore plausible paths for oil prices. OPEC's members are subdivided into analytically convenient maximizing groups. Ail price paths eventually reach the backstop level. An important insightfrom the model simulations is that the price development preferred by the"cartel core, " the countries with the most abundant oil reseroes, is akin to that which would ensue in a competitive market setting. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://energystudiesreview.ca/esr/article/download/258/572 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |