Optimal Oil Production and the World Supply of Oil /
We study the optimal oil extraction strategy and the value of an oil field using a multiple real option approach. The numerical method is flexible enough to solve a model with several state variables, to discuss the effect of risk aversion, and to take into account uncertainty in the size of reserve...
| Egile nagusia: | |
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| Beste egile batzuk: | , |
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2012/294 |
| Sarrera elektronikoa: | Full text available on IMF |