, with the best fit obtained by the scenario of an OPEC oligopoly. We conclude that the price indices indeed are important on … the global crude market in determining the prices and flows, and that OPEC effectively exerts market power, but in a non …

This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and … provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to. In traditional economic … system. In this paper, we discuss a third benefit of carbon taxes: transferring rents from OPEC to the oil importing …