Thesiss

5 works - Thesiss.

"5" Result

OPEC reviews production quotas at least twice a year. The quotas are revised after looking at the current market conditions and the existing price and they are set after taking into consideration a specific target price band. OPEC expects its members to follow the assigned quota…

This dissertation presents a collection of essays addressing four issues. The first essay (Chapter II) examines the "external" sources of the incentive to cheat in OPEC in a strategic set-up. Also examined is the role of Saudi Arabia in enforcing cartel policies. Specifically, i…