The Response of Oil Contracts to Extreme Price Movements.
This study examines the response of oil contracts to extreme price movements. The chosen contract form is a Production-Sharing Agreement (PSA) which is the oil industry's equivalent of sharecropping and one of the most commonly used contractual agreements. We show that only the two significant...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2000
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