Chichilnisky, Graciela and Heal, Geoffrey and Sepahban, Amir H. (1983): Non-conflicting oil pricing policies in the long run. Published in: OPEC Review , Vol. VII, No. no. 4 (1983): pp. 330-356.
Download (4MB) | Preview
Our concern in this paper is to analyze the optimal long-run pricing policies of oil-exporting countries. These might be described briefly as the policies which best meet their objectives, subject to the various limitations imposed on them by the realities of world economic forces.
|Item Type:||MPRA Paper|
|Original Title:||Non-conflicting oil pricing policies in the long run|
|Keywords:||oil; policy; OPEC; UNITAR; export; economic growth; international markets; exhaustible resources; prices; general equilibrium; demand elasticity|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q41 - Demand and Supply
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy
|Depositing User:||Graciela Chichilnisky|
|Date Deposited:||03. Apr 2008 04:37|
|Last Modified:||17. Feb 2013 21:28|
G. CHICHILNISKY (1981), "Oil prices and industrial prices and outputs: a simple general equilibrium macro model", Essex Econ. Papers, 1981.
Dasgupta, P. & Heal, G.M. (1974). The optimal depletion of exhaustible resources. Review of Economic Studies, Symposium on the Economics of Exhaustible Resources. 3-28.
Dasgupta, P. & Heal, G.M.(1979). Economic Theory and Exhaustible Resources. London: Cambridge University Press.
DASGUPTA, P. S., AND J. E. STIGLITZ (1981), "Resource depletion under technological uncertainty", Econometrica, Vol 49, No. 1 (1881), 85-104.
Heal, G. M. "Uncertainty and the Optimal Supply Policy for an Exhaustible Resource", in Advances in the Economics of Energy and Resources, Vol. 2, R. Pindyck (ed.), Greenwich, CT, JAI Press, 1979, pp. 119-147.
Hotelling, H. (1931). The economics of exhaustible resources. Journal of Political Economy, 39, 137-175.
KHALATBARI, F. "Planning uncertainties and exhaustible resources", PhD thesis, 1976, London School of Economics.
KHALATBARI, F. and A. SEPAHBAN (1980), "Long-term pricing policies for oil", 17 Feb. 1980, a joint paper of the National Iranian Oil Company and the Central Bank of Iran, submitted to the OPEC Ministerial Committee on :Long-Term Strategy, London, 21-22 Feb. 1980.
A. H. SEPAHBAN, "Pricing and production strategy for exhaustible resources: options for optimum economic growth and development of oil-exporting countries", presented at the OPEC Seminar, 24-26 Nov 1981, and published in the OPEC Review, vol VI, no 2, 1982.
R. SOLOW, "The economics of resources or the resources of economics", American Economics Review Proceedings, May 1974, vol 64.