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ERIC Number: EJ407726
Record Type: Journal
Publication Date: 1989
Pages: N/A
Abstractor: N/A
ISBN: N/A
ISSN: N/A
EISSN: N/A
The Viability of Commodity Cartels: The Case of Oil.
Bergeijk, Peter A. G. van
Journal of Economic Education, v20 n4 p364-70 Fall 1989
Explains the rise and fall of the oil cartel by applying an elasticity of demand analysis. Beginning from the demand side of the market, offers a simple derivation of the elasticity of demand for the cartel's product. Maintains that method helps undergraduates comprehend basic properties, requiring only an understanding of the elasticities of supply and demand. (SLM)
Descriptors: Economic Development, Economics, Economics Education, Foreign Countries, Higher Education, International Trade, Social Science Research, Statistical Analysis
Publication Type: Journal Articles; Reports - Descriptive; Information Analyses
Education Level: N/A
Audience: Teachers; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A