Aggressive oil extraction and precautionary saving: Coping with volatility.

Aggressive oil extraction and precautionary saving: Coping with volatility.

Taispeáin leaganacha eile (1)

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary policies...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir:	van der Ploeg, F
Formáid:	Journal article
Teanga:	English
Foilsithe / Cruthaithe:	Elsevier 2010

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