Routledge Analysis of Cartelized Market Structures - Economics

Explore the complexities of resource economics with this Routledge Library Edition. Originally published in 1979, this text addresses a significant gap in economic theory regarding the spectrum of mixed market structures. While standard theories often focus on the extremes of competitive and monopolistic regimes, this work provides a necessary theoretical framework for analyzing intermediate market structures. Using the world oil market as a primary example, the study examines scenarios where a profit-maximizing producer cartel co-exists with non-cartel entities. This book is an essential resource for students, researchers, and professionals interested in the economic behavior of non-renewable resource markets. By bridging the gap between existing theories, it offers a deeper understanding of how mixed market structures operate in the real world.