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- Title
The 1985-86 oil price collapse and afterwards: What does game theory add?
- Authors
Griffin, James M.; Neilson, William S.
- Abstract
Focuses on the strategies used by the Organization of Petroleum Exporting Countries (OPEC) to generate cartel profits over the period 1983-90. Assessment of strengths and limitations of game theory; Cournot strategy; Swing producer strategy; Tit-for-tat strategy; Empirical tests of alternative strategies.
- Subjects
ORGANIZATION of Petroleum Exporting Countries; CARTELS; ECONOMETRIC models
- Publication
Economic Inquiry, 1994, Vol 32, Issue 4, p543
- ISSN
0095-2583
- Publication type
Article
- DOI
10.1111/j.1465-7295.1994.tb01350.x