Actions for The myth of the OPEC cartel : the role of Saudi Arabia
The myth of the OPEC cartel : the role of Saudi Arabia / Ali D. Johany
- Author
- Johany, Ali D.
- Published
- Dhahran, Saudi Arabia : University of Petroleum and Minerals ; Chichester ; New York : J. Wiley, [1980]
- Copyright Date
- ©1980
- Physical Description
- xi, 107 pages ; 24 cm
- Contents
- INTRODUCTION: A personal comment -- THE EVOLTION OF OPEC: The early stages -- The formation of OAPEC -- The changing role of the 'Seven Sisters' -- Libya leads OPEC -- The last hurrah the quadrupling of prices -- THE STABILITY OF CARTELS AND PRICE LEADERSHIP: Preliminary remarks -- The difficult task of colluding -- Collusion within OPEC -- Why cartels -- A theory of cartels -- OPEC and collusion -- OPEC as a joint sales agency -- Price leadership by a dominant firm -- The formal model -- THE ECONOMICS OF EXHAUSTIBLE RESOURCES: The formal model -- The threat to property rights -- OPEC IS NOT A CARTEL AN ALTERNATIVE EXPLANATION: The oil market 1947-1970 -- The oil market 1970-1973 -- Cartelization or alteration of property rights -- But does not Saudi Arabia dominate OPEC -- An alternative hypothesis the companies as tax collectors -- THE IRANIAN REVOLUTION AND THE OL PRICE EXPLOSION: Temporary and permanent effects -- The evolution of prices, January 1978-June 1979 -- The explosion of prices, November 1979-February 1980 -- Blaming the oil companies -- SAUDI ECONOMIC CHOICES: Introduction -- Absorptive capacity -- The Saudi realities -- The risks and rewards of foreign investment -- OPEC and Saudi Arabia -- Word on the appendices --The nature of inflation in Saudi Arabia -- The price of land in Saudi Arabia -- Private Saudi investment abroad -- Not for rent please the consequences of rent controls -- SAUDI INSTIUTIONAL PROCESSES AND ECONOMIC MODERNIZATION: Decision making -- The ministry of finance and national economy a government within government -- Saudi economic development -- Saudi economic issues in the 1980s -- THE WORLD OIL MARKET AND THE ROLE OF SAUDI ARABIA.
- Subject(s)
- ISBN
- 0471278645 (J. Wiley)
- Note
- Includes index.
- Bibliography Note
- Bibliography: pages 100-105.
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