| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7406141 | Energy Policy | 2012 | 11 Pages |
Abstract
⺠Hotelling models abstract from the essence of oil technology. ⺠Members of OPEC do not act as members of a classical cartel. ⺠Political-economic considerations influence objectives. ⺠The aim of Saudi Arabia, the price leader, is to keep price moderate. ⺠Supply was inelastic in the 2000s. Saudi investment was not adequate.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Robert D. Cairns, Enrique Calfucura,