Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

THE INTERNATIONAL OIL PRICE MECHANISM

F. A. Hasab
Acta Oeconomica
Vol. 3, No. 1 (1968), pp. 91-107
Published by: Akadémiai Kiadó
Stable URL: http://www.jstor.org/stable/40728253
Page Count: 17
  • Read Online (Free)
  • Download ($29.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
THE INTERNATIONAL OIL PRICE MECHANISM
Preview not available

Abstract

The author deals with practical and theoretical aspects of the international oil price mechanism, mainly elucidating the posted-price system as a monopoly price. Special attention is given to the effect of the relatively uniform price mechanism of the various energy carriers. The factors determining the crude oil price are also examined. In the second part of the paper an attempt has been made at investigating the special problem of the mine rent of hydrocarbons, from the point of view of the price formation of oil. The author tries to answer the question whether under present-day conditions an absolute rent in the Marxian sense does exist or not in oil production and in the other extracting industries.

Page Thumbnails

  • Thumbnail: Page 
[91]
    [91]
  • Thumbnail: Page 
92
    92
  • Thumbnail: Page 
93
    93
  • Thumbnail: Page 
94
    94
  • Thumbnail: Page 
95
    95
  • Thumbnail: Page 
96
    96
  • Thumbnail: Page 
97
    97
  • Thumbnail: Page 
98
    98
  • Thumbnail: Page 
99
    99
  • Thumbnail: Page 
100
    100
  • Thumbnail: Page 
101
    101
  • Thumbnail: Page 
102
    102
  • Thumbnail: Page 
103
    103
  • Thumbnail: Page 
104
    104
  • Thumbnail: Page 
105
    105
  • Thumbnail: Page 
106
    106
  • Thumbnail: Page 
107
    107