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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. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
eth-1823-01.pdf(1362KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
eth-1823-01.jpg(3KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 |
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