全球智库信息集成服务系统(G2TT): How do unanticipated discoveries of oil fields affect the oil price?

G2TT

来源类型	Working papers
规范类型	论文
DOI	10.3929/ethz-a-006184358
	How do unanticipated discoveries of oil fields affect the oil price?
	Leinert, Lisa
发表日期	2010-10
出版者	ETH Zurich, Center of Economic Research (CER-ETH)
出版年	2010
语种	英语
摘要	The Hotelling rule argues that the price for a nonrenewable resource adjusts to the shadow value of the resource, reflecting the remaining availability of the resource. We empirically test the Hotelling rule on the effect of unanticipated oil field discoveries. We do not find evidence for a significant adjustment of the price of crude oil to news about greater resource availability and therefore conclude that the price for crude oil does not follow the theoretically optimal price path.
主题	Nonrenewable resource ; Oil price ; Exhaustible resources ; Information acquisition
URL	https://www.research-collection.ethz.ch/handle/20.500.11850/27067
来源智库	Centre for Energy Policy and Economics (Switzerland)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/266682
推荐引用方式 GB/T 7714	Leinert, Lisa. How do unanticipated discoveries of oil fields affect the oil price?. 2010.