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| Author: | Moran, T. H. |
| Title: | Managing an oligopoly of would-be sovereigns : the dynamics of joint control and self-control in the international oil industry past, present, and future. |
| Journal: | International Organization
1987 : AUTUMN, VOL. 41:4, p. 575-607 |
| Index terms: | OLIGOPOLY INTERNATIONAL TRADE OIL INDUSTRY ECONOMIC PERFORMANCE ECONOMIC FORECASTING |
| Language: | eng |
| Abstract: | In practice the lifespan of even succesful oligopolies is not long, averaging four to five years before the joint efforts collapse. Against this background the experience of the oil industry has been, until recently, extraordinary. This article examines the fact how can an oliogopoly hold itself together. It will be illustrated by introducing the different areas of the OPEC. |
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