UP-CHEATING: EXPLAINING OPEC'S APPARENT STABILITY IN THE 1970S

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Bibliographic Details
Published in:The Journal of energy and development 1989-10, Vol.15 (1), p.1-7
Main Authors: Kreutzer, David W., Lee, Dwight R.
Format: Article
Language:English
Subjects:
Cartels
Economics
History (1970s)
Long run profit maximization
Marginal costs
Marginal revenue
Market segmentation
Monopoly profit maximization
Organization of the Petroleum Exporting Countries (OPEC)
Petroleum
Present value of future profits
Price efficiency
Price elasticity
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ISSN:0361-4476