Griffin, James M; Neilson, William S - In: Economic Inquiry 32 (1994) 4, pp. 543-61
This paper focuses on the strategies used by OPEC to generate cartel profits over the period 1983-90. The evidence supports the hypothesis that OPEC adopted a swing producer strategy from 1983 to 1985. But when Saudi Arabia's profits fell below the level of Cournot profits in the summer of 1985,...