Volume 6, Issue 21 (10-2015)                   jemr 2015, 6(21): 193-219 | Back to browse issues page

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Khakestari M, Nazari Adli N. The Impact of Sanction on the Oil Incomes in Oil Markets: Cooperative Game Approach. jemr 2015; 6 (21) :193-219
URL: http://jemr.khu.ac.ir/article-1-1228-en.html
1- Kharazmi University , m.khakestari@ues.ac.ir
2- Kharazmi University
Abstract:   (5388 Views)

Monetary wide range of sanctions has been established against Iran in recent years by European :::::union::::: and United States. These sanctions have been targeted   Iran energy and oil industry. Although, these types of sanctions are not new on Iran and Iran is familiar whit them since oil nationalization movement. This paper studies these sanctions effects on Iran in recent years and tries to assess the possible strategies with game theory. In order to achieve this proposed, three players are introduced: Iran, Saudi Arabia and United States, and then a model have been established. At the following, the model was solved and Nash equilibrium obtained for each one. Each of three  players , United States , Saudi Arabia and  Iran choose their strategy, respectively, pressure reduction, cooperation and cooperation. At the end of this study, the impact of oil sanction on Iran's sales, has been shown. Eventually, it was seen even with great increasing in world oil prices, Iran's in come has been downward.

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Type of Study: Applicable | Subject: انرژی، منابع و محیط زیست
Received: 2015/03/11 | Accepted: 2015/10/21 | Published: 2015/12/21

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