Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar - Statistisk Sentralbyrå, Government of Norway - 1996
are positive cartelisation gains of about 18 per cent in the oil market. In comparison with what Pindyck (1978) found for … the 1970s this may be considered as quite modest. Moreover, we study whether the cartelisation gains to OPEC are altered … by different moves by non-OPEC producers or consumer countries. Generally, we find that the relative cartelisation gains …