Equilibrium Exhaustible Resource Price Dynamics
收藏NBER2006-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12000
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资源简介：
We develop equilibrium models of an exhaustible resource market where both prices and extraction choices are determined endogenously. Our analysis highlights a role for adjustment costs in generating price dynamics that are consistent with observed oil and gas forward prices as well as with the two
提供机构：
美国国家经济研究局
创建时间：
2006-02-01
