Cheating on quotas in OPEC: an exploratory study

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dc.contributor.advisorMacFadyen, Alan J.
dc.contributor.authorAyub, Syed Shazad
dc.date.accessioned2005-08-16T17:07:40Z
dc.date.available2005-08-16T17:07:40Z
dc.date.issued2004
dc.descriptionBibliography: p. 95-97en
dc.description.abstractOPEC reviews production quotas at least twice a year. The quotas are revised after looking at the current market conditions and the existing price and they are set after taking into consideration a specific target price band. OPEC expects its members to follow the assigned quotas. However this does not always happen. In fact during most of its history, total production levels have been greater then the total member quotas i.e. most or all OPEC members have been "cheating" on their quotas. Why do OPEC members cheat on their production quotas when the production quotas have, presumably, been set as to maximize OPEC profits? Are there some specific factors which affect a country's decision to over-produce? Is Saudi Arabia still using the tit-for-tat strategy as an enforcement mechanism to maintain cartel discipline? These are some of the questions that this thesis will address. The application of the economic theory of oligopolies to OPEC is reviewed. The analysis then proceeds to use regression analysis to examine possible influences on the percentage differences between actual output and quotas for 10 of the 11 OPEC members, using annual data from 1987 to 2001.en
dc.format.extentvii, 119 leaves : ill. ; 30 cm.en
dc.identifier.citationAyub, S. S. (2004). Cheating on quotas in OPEC: an exploratory study (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/14093en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/14093
dc.identifier.isbn0612932907en
dc.identifier.lccAC1 .T484 2004 A98en
dc.identifier.urihttp://hdl.handle.net/1880/41694
dc.language.isoeng
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.titleCheating on quotas in OPEC: an exploratory study
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Arts (MA)
ucalgary.item.requestcopytrue
ucalgary.thesis.accessionTheses Collection 58.002:Box 1487 520492004
ucalgary.thesis.notesUARCen
ucalgary.thesis.uarcreleaseyen
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