Résumé
We use the dynamic production function identities and an empirical model of oil prices based only on oil extraction data to analyze the dynamics of oil prices as we transition into the contraction phase of oil extraction. We explore the implications with respect to several common scenarios.
Remplacé par
Aude Illig et Ian Schindler, « Oil Extraction and Price Dynamics », BioPhysical Economics and Resource Quality, vol. 2, n° 1, mars 2017.
Référence
Aude Illig et Ian Schindler, « Oil Extraction and Price Dynamics », TSE Working Paper, n° 16-701, 2016.
Voir aussi
Publié dans
TSE Working Paper, n° 16-701, 2016