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Are Oil Price Movements Perverse? A Critical Explanation of Oil Price Levels 1950-1985

The purpose of this paper is to provide analytical explanations for the price trends and the important oil market episodes of the past three decades.

By: Y. Stournaras

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Categories:

Energy Economics , Oil

Tags:

Cartel Theories , Competitive Forces , Market Failures , Oil Price Decline , Oil Prices , OPEC , Price Movements , Price Trends , shocks