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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Aleksandrov, Nikolay
Autor Corporativo: International Monetary Fund. Research Department
Otros Autores: Espinoza, Raphael A., Gyurkó, Lajos
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/294.
Temas:
Acceso en línea:Texto completo