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Curated by: Lines on Maps Extra (37 videos)
The New Iran Deal is poised to release Iranian oil onto the mainstream market. How does this affect profits for Russia? The answer is not immediately obvious. Today, we model a mainstream economy and a gray economy that coexist to better understand how prices work under such conditions. Broadly, shifting a gray market supplier mainstream enriches that former gray market supplier, enriches all remaining gray market supplier, helps purchasers on the gray market, and leaves everyone else alone. 0:00 The Question 1:51 The Economics of Gray Markets 5:53 How Reducing Gray Suppliers Changes the Market 7:13 Other Considerations in the Iran Deal The appearance of U.S. Department of Defense (DoD), EU, and NATO visual information does not imply or constitute an endorsement. Media licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/): By Kremlin.ru: http://kremlin.ru/events/president/news/61936 http://kremlin.ru/events/president/news/69060 http://kremlin.ru/events/president/news/70159 http://kremlin.ru/events/president/news/72453 http://kremlin.ru/events/president/news/73240 http://kremlin.ru/events/president/news/78802 http://kremlin.ru/events/president/news/79789 http://kremlin.ru/events/president/news/80017