£136.81

Routledge OPEC Behaviour and World Oil Prices - Economics Book

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Description

Explore the complex relationship between OPEC activities and global energy markets with this Routledge Library Edition. Originally published in 1982, this volume provides a foundational look at the economics and politics of oil and gas through the perspectives of economists, political scientists, and industry experts. The text begins with a clear and easy to follow treatment of the economics of exhaustible resources. It examines how monopoly and competition frameworks apply to pricing issues, offering readers a structured way to understand market dynamics. By analyzing the roles of wealth maximisation, wealth satisficing, and various political factors, the book assesses the direct implications for world oil prices. This resource is ideal for those studying international business, finance, and the historical context of energy economics. It provides a detailed examination of OPEC's past achievements and its prospects as viewed from the early 1980s, covering the stability of the organization and the limitations of its pricing power. Perfect for academic research or professional reference in the field of international accounting and energy policy.

Key Features

Expert analysis from a diverse group of economists, political scientists, and industry specialists to explain oil market dynamics.

Clear treatment of the economics of exhaustible resources under both monopoly and competition frameworks.

Detailed discussion on the impact of wealth maximisation and wealth satisficing on global pricing trends.

In-depth assessment of how political factors influence OPEC objectives and world oil prices.

Comprehensive look at the stability of OPEC and the inherent limitations regarding its pricing power.

Valuable historical perspective on the achievements and prospects of the oil industry during the early 1980s.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
29 March 2016
Listed Since
09 October 2015

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No barcode data available

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