Political economy of the oil import quota

Book · Fri Dec 31 23:00:00 EST 1976

OSTI ID:5352193

Barzel, Y; Hall, C D

A step toward integrating conflicting views of businessmen and economists regarding the economic role played by each is presented. The book demonstrates one flaw in the standard economic model and gives an insight into the theory of regulation and the nature of entrepreneurial behavior. In short, the authors analyze the real world of the domestic petroleum industry under the oil import quotas, with all the interplay of governmental edict and entrepreneurial response. Main subjects covered in the six chapters focus on quota setting, a questionable voluntary quota, the policing of the quota, the allocation of crude oil, and the effect of the quota on the structure of oil prices.

• OSTI ID: 5352193
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
ALLOCATIONS
CARTELS
COMPETITION
CORRELATIONS
DECISION MAKING
ECONOMIC POLICY
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
INDUSTRY
MARKET
MONOPOLIES
NORTH AMERICA
PETROCHEMICALS
PETROLEUM
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
REGULATIONS
TRADE
USA