Prorationing and its effect on investment in the Canadian oil industry

Prorationing is sometimes implemented when the producing capacity of an area exceeds the demand for that output at a price which many producers feel to be "fair" -when this situation occurs the price of course comes under pressure as producers compete with one another to sell their oil. It...

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Bibliographic Details
Main Author: Lee, William Randolph
Language:English
Published: University of British Columbia 2011
Subjects:
Online Access:http://hdl.handle.net/2429/36582