Dahl, Carol; Yucel, Mine - In: The Energy Journal Volume 12 (1991) Number 4, pp. 117-138
Conventional wisdom holds that OPEC is a weakly functioning cartel with non-OPEC producers forming a "competitive fringe." However, several studies have challenged the cartel hypothesis for OPEC with a few even challenging the competitive hypothesis for non-OPEC producers. In this paper, we test...