A credible threat against oil sanctions for Iran

Document Type : Research Paper


Faculty of Physics, Semnan University, P. O. Box 35195-363, Semnan, Iran.


In this study, we use game theory to analyze the current situation of Iran and the United States as a result of the US withdrawal from the Comprehensive Plan of Action and the imposition of finanancial and oil sanctions on Iran and Iran's resilience to these sanctions. We also present an oil strategy, as a credible threat, that helps Iran to get out of the sanctions.


[1] B.D. Bernheim, Rationalizable strategic behavior, Econometrica: Journal of the Econometric Soc. 52(4) (1984) 1007-028.
[2] H.S. Bierman and L. Fernandez, Game Theory with Economic Applications, Addison Wesley Publishing Company Inc, 1997.
[3] C.F. Camerer, Behavioral Game Theory: Experiments in Strategic Interaction, Princeton University Press, 2011.
[4] A.K. Dixit and S. Skeath, Games of Strategy, Fourth International Student Edition, Norton Company, 2015.
[5] R.S. Gibbons, Game Theory for Applied Economists, Princeton University Press, Harvester Wheatsheaf, 1992.
[6] A. Javadian and E. Sorouri, A model for the use of facilities for the treatment of addiction, Journal of Neurodevelopmental Cognition 2 (2019) 22-26.
[7] V. Kaitala, Game theory models of fisheries management: A survey, Dynamic Games Appl. Econ. 265 (1986)252-266.
[8] J.M. Smith, Evolution and the Theory of Games, Cambridge University Press, 1982.
[9] D.A. Meyer, Quantum strategies, Phys. Rev. Lett. 82(5) (1999) 1052-1055.
[10] J.F. Nash, Non-cooperative games, Adv. Math. 54(2) (1951) 286295.
[11] J.F. Nash, Equilibrium points in N-person games, Proc. Nat. Acad. Sci. U.S.A. 36(1) (1950) 4849.
[12] J.V. Neumann and O. Morgenstern, Theory of Games and Economic Behavior, Princeton University Press, 1953.
[13] P. Ordeshook, Game Theory and Political Theory, Cambridge University Press, 1986.
[14] M.J. Osborne, An Introduction to Game Theory, Oxford University Press. New York, 2004.
[15] M.J. Osborne and A. Rubinstein, A course in Game Theory, MIT Press, 1994.
[16] T.C. Schelling, The Strategy of Conflict, Harvard University Press, 1980.
[17] D. Snidal, The Game Theory of International Politics, World Politics 38(1) (1985) 25-57.
[18] U.R. Sumaila, A review of game-theoretic models of fishing, Marine Policy 23(1)  (1999) 1-10.
[19] N. Van Long, Dynamic games in the economics of natural resources: A survey, Dynamic Games Appl. 1(1) (2011) 115-148.
[20] J. Watson, Strategy: An Introduction to Game Theory, W. W. Norton Press,  2002.
[21] J.W. Weibull, Evolutionary Game Theory MIT Press, Cambridge, MA, 1995.
Volume 12, Issue 1
May 2021
Pages 175-178
  • Receive Date: 04 December 2019
  • Revise Date: 21 February 2020
  • Accept Date: 19 June 2020