Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar - 1998
In this paper we focus on how an international carbon treaty will influence the exploration of oil in Non-OPEC … market is modelled with a cartel (OPEC) and a competitive fringe on the supply side, following a Nash-Cournot approach. An … initial resource base for oil is given in the Non-OPEC region, however, the resource base changes over time due to depletion …