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A three-person cooperative game formulation of the world oil market

✍ Scribed by Prakash P. Shenoy

Publisher
Elsevier Science
Year
1980
Tongue
English
Weight
671 KB
Volume
4
Category
Article
ISSN
0307-904X

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This paper describes a structural econometric model of the world oil market that can be used to analyse oil market developments and risks. Oil demand depends on domestic economic activity and the real price of oil. Oil supply for non-OPEC producers, based on competitive behaviours, is constrained by