This paper applies principles f rom game theory to the problem o f allocating the cost o f a shared facility, such as a pipeline. The theory o f cooperative games s t r ongl y suggest s t hat no method e x i s t s for allocating costs that wi l l achieve all major policy goals. We apply results...

A gloomy outlook for non-OPEC oil supply is unwarranted. Several countries are still expanding, others show no sign of declining supply, and even those contracting will continue to add to reserves.Evidence to support or deny expectations of future scarcity or abundance of crude oil must show...