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IS OPEC'S ALLOCATION OF CRUDE OIL PRODUCTION EFFICIENT? (Bachelor Thesis in Economics) / IS OPEC‟S ALLOCATION OF CRUDE OIL PRODUCTION EFFICIENT? (Bachelor Thesis in Economics)ud din, Fateh, hazar, Hazal, salih, ali January 2009 (has links)
<p>The foundation of OPEC (Organization of Oil Exporting Countries) was laid in the early 1960‟s by the five major oil exporters, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, in Baghdad, Iraq. OPEC is supposed to allocate its production level among its member countries based on cartel- dominant firm model, for profit maximization.</p>
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IS OPEC'S ALLOCATION OF CRUDE OIL PRODUCTION EFFICIENT? (Bachelor Thesis in Economics) / IS OPEC‟S ALLOCATION OF CRUDE OIL PRODUCTION EFFICIENT? (Bachelor Thesis in Economics)ud din, Fateh, hazar, Hazal, salih, ali January 2009 (has links)
The foundation of OPEC (Organization of Oil Exporting Countries) was laid in the early 1960‟s by the five major oil exporters, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, in Baghdad, Iraq. OPEC is supposed to allocate its production level among its member countries based on cartel- dominant firm model, for profit maximization.
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