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- W54279541 abstract "After reviewing and analyzing OPEC's behaviour in the past two decades, this paper employs a simulation 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 insight from the model simulations is that the price development preferred by thecartel core, the countries with the most abundant oil reserves, is akin to that which would ensue in a competitive market setting." @default.
- W54279541 created "2016-06-24" @default.
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- W54279541 date "1992-03-20" @default.
- W54279541 modified "2023-09-28" @default.
- W54279541 title "OPEC and World Oil Prices: Is the Genie Back in the Bottle?" @default.
- W54279541 doi "https://doi.org/10.15173/esr.v4i1.258" @default.
- W54279541 hasPublicationYear "1992" @default.
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