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In this paper, we analyze the question of membership in a non-renewable resource cartel, with specific application to … OPEC. One would expect the benefits of cartel membership to be positively related to the size of remaining reserves, while … domestic petroleum consumption should be negatively related to membership if countries care about consumer interests. Our …
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The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
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