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Non-Conflicting Resource Pricing Policies in an Interdependent World

27 Pages Posted: 31 Mar 2009  

Geoffrey M. Heal

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Amir H. Sepahban

affiliation not provided to SSRN

Graciela Chichilnisky

Columbia University

Multiple version iconThere are 2 versions of this paper

Date Written: 1983

Abstract

OUR CONCERN in this paper is to analyze the optimal long-run pricing policies of oil-exporting countries. These might be described briefly as the policies which best meet their objectives, subject to the various limitations imposed on them by the realities of world economic forces.

The objectives of the oil-exporting countries have been conveniently summarized in earlier discussions in OPEC Seminars (see Sepahban, 1982), under the following four headings:

1. The conservation of hydrocarbon resources.
2. Accelerated economic and social development of their domestic
economics, and in particular rapid capital formation.
3. Improved terms of trade with industrial countries.
4. Maintenance of reasonable rates of economic growth for the international
community, including industrial countries.

Suggested Citation

Heal, Geoffrey M. and Sepahban, Amir H. and Chichilnisky, Graciela, Non-Conflicting Resource Pricing Policies in an Interdependent World (1983). OPEC Review, 1983. Available at SSRN: https://ssrn.com/abstract=1370669

Geoffrey M. Heal

Columbia Business School - Finance and Economics ( email )

3022 Broadway
New York, NY 10027
United States
212-854-6459 (Phone)
212-316-9219 (Fax)

HOME PAGE: http://www.gsb.columbia.edu/faculty/gheal/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Amir H. Sepahban

affiliation not provided to SSRN ( email )

Graciela Chichilnisky (Contact Author)

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States
212 678 1148 (Phone)
212 678 0405 (Fax)

HOME PAGE: http://www.chilchilnisky.com

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