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A theoretical analysis of OPEC behaviour

Authors: Hossein Razavi;
Abstract
Abstract This paper attempts to provide some theoretical insights into OPEC behaviour by: (1) comparing the OPEC's optimum pricing policy derived from a welfare maximisation model with that of the traditional profit maximisation model; and (2) introducing a coalition formation model which is utilised to analyse the compromised pricing policy of OPEC, while each of its members takes a different attitude regarding this matter.
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average

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citations
Citations provided by BIP!
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
popularity
Popularity provided by BIP!
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
0
Average
Average
Average
Fields of Science
Fields of Science
Related to Research communities
Energy Research