Petroleum market model

Author: Jacques Cremer
Publisher:
Publish Date: 2004-01-01
Features: Economists have proposed a variety of oil market models, which differ in methodology or the problems they address. This report integrates these models within a framework, emphasizing the relationships between different economic analytical tools and the outcomes of economic analysis. After providing a simple but focused introduction to the situation over the past two decades, the author examines the informal descriptions of policy researchers. The last two chapters focus on quantitative models, one emphasizing simulation models and the other highlighting the works of theoretical researchers. Economists have proposed a variety of oil market models, which differ in methodology or the problems they address. This report integrates these models within a framework, emphasizing the relationships between different economic analytical tools and the outcomes of economic analysis. After providing a simple but focused introduction to the situation over the past two decades, the author examines the informal descriptions of policy researchers. The last two chapters focus on quantitative models, one emphasizing simulation models and the other highlighting the works of theoretical researchers. Professional researchers and practitioners will find this book a summary of the literature, while students can use it as an introductory reading on advanced literature.