Can we still call OPEC a cartel?
| Thesis title: | Can we still call OPEC a cartel? |
|---|---|
| Author: | Ali, Dalia |
| Thesis type: | Bachelor thesis |
| Supervisor: | Stroukal, Dominik |
| Opponents: | Prokop, Jaromír |
| Thesis language: | English |
| Abstract: | This paper raises the question whether OPEC actually acts like a cartel, given the fact that there were many controversy surrounding the organization due to its coordination failures, which resulted to an oil glut between 2014-2016. Consequently, the oil industry experienced a dramatic decline in oil prices due to the oil surplus. A comparison was made between OPEC's allocated quotas, and its actual oil production to investigate whether the members of the organization adhere to the assigned quota, to achieve highest possible prices. |
| Keywords: | Crude oil; OPEC; Middle East; Collusion ; Cartel |
| Thesis title: | Can we still call OPEC a cartel? |
|---|---|
| Author: | Ali, Dalia |
| Thesis type: | Bakalářská práce |
| Supervisor: | Stroukal, Dominik |
| Opponents: | Prokop, Jaromír |
| Thesis language: | English |
| Abstract: | This paper raises the question whether OPEC actually acts like a cartel, given the fact that there were many controversy surrounding the organization due to its coordination failures, which resulted to an oil glut between 2014-2016. Consequently, the oil industry experienced a dramatic decline in oil prices due to the oil surplus. A comparison was made between OPEC's allocated quotas, and its actual oil production to investigate whether the members of the organization adhere to the assigned quota, to achieve highest possible prices. |
| Keywords: | collusion; Cartel; oligopolies |
Information about study
| Study programme: | Ekonomie a hospodářská správa/Economics |
|---|---|
| Type of study programme: | Bakalářský studijní program |
| Assigned degree: | Bc. |
| Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
| Faculty: | Faculty of Economics |
| Department: | Department of Economics |
Information on submission and defense
| Date of assignment: | 13. 10. 2016 |
|---|---|
| Date of submission: | 1. 1. 2017 |
| Date of defense: | 8. 6. 2017 |
| Identifier in the InSIS system: | https://insis.vse.cz/zp/59217/podrobnosti |