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...
| 主要作者: | |
|---|---|
| 其他作者: | , |
| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2012.
|
| 叢編: | IMF Working Papers; Working Paper ;
No. 2012/294 |
| 在線閱讀: | Full text available on IMF |