Oil producer decisions on oil pricing and production can affect consumer countries' economies in ways directly affecting producers' interests. The short- and long-term evolution of oil demand in consumer economies is, of course, strongly affected by producer actions. But so also may be returns on assets that producers hold in these economies.
Al-Janabi, A. Head of the Economics and Finance Department of the Organization of Petroleum Exporting Countries (1978). In “OPEC in the Eighties.” Middle East Economic Survey 22, No. 5, Supplement (November 20,1978): 1.
2.
ClarkPeter K. (1979). “Investment in the 1970s: Theory, Performance, and Prediction.” Brookings Papers on Economic Activity1:73-124.
3.
DasguptaP. S.HealG. M. (1979). Economic Theory and Exhaustible Resources. Cambridge, England: James Nisbet &Co. and Cambridge University Press.
4.
DevarajanS.FisherA. C. (1981). “Hotelling’s ‘Economics of Exhaustible Resources’: Fifty Years Later.” Journal of Economic Literature19 (March): 65-73.
5.
Energy Modeling Forum (1982). Study 6 (EMF6): World Oil. Stanford, California.
6.
FromholzerDennis R. (1980). The Impacts of Demand Dynamics and Consumer Expectations on World Oil Prices. Ph.D. dissertation, Stanford University.
7.
HoganWilliam W.ManneAlan S. (1977). “Energy-Economy Interactions: The Fable of the Elephant and the Rabbit?” in Energy and the Economy, Vol. II. Stanford, Calif.: Energy Modeling Forum, September.
8.
HotellingH. (1931). “The Economics of Exhaustible Resources.” Journal of Political Economy39 (1931): 137-137.
9.
International Energy Agency (1980). Energy Balances of OECD Countries, 19741/1978. Paris.
10.
LuenbergerDavid G. (1973). Introduction to Linear and Nonlinear Programming. Reading, Mass.: Addison-Wesley.
11.
ManneAJan S. (1977). “ETA-MACRO: A Model of Energy-Economy Interactions.” Report prepared for the Electric Power Research Institute, Palo Alto, Calif. Document No. EPRI EA-592, Project 1014.
12.
MarshallaRobert A. (1978). Analysis of Cartelized Market Structures for NonRenewable Resources. Ph.D. dissertation, Stanford University.