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  • 1.
    ud din, Fateh
    et al.
    Mälardalen University, School of Sustainable Development of Society and Technology.
    hazar, Hazal
    Mälardalen University, School of Sustainable Development of Society and Technology.
    salih, ali
    Mälardalen University, School of Sustainable Development of Society and Technology.
    IS OPEC'S ALLOCATION OF CRUDE OIL PRODUCTION EFFICIENT? (Bachelor Thesis in Economics)2009Independent thesis Basic level (degree of Bachelor), 15 credits / 22,5 HE creditsStudent thesis
    Abstract [en]

    The foundation of OPEC (Organization of Oil Exporting Countries) was laid in the early 1960‟s by the five major oil exporters, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, in Baghdad, Iraq. OPEC is supposed to allocate its production level among its member countries based on cartel- dominant firm model, for profit maximization.

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