A DYNAMIC MODEL OF CLEANUP: ESTIMATING SUNK COSTS IN OIL AND GAS PRODUCTION

DOI10.1111/iere.12098zbMath1405.91494OpenAlexW1708090121MaRDI QIDQ5245738

Lucija Muehlenbachs

Publication date: 15 April 2015

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/iere.12098

zbMATH Keywords

environmental remediationoil and gas productiondynamic discrete choice modeloil and gas wells

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (3)

Hysteresis due to irreversible exit: addressing the option to mothball ⋮ Mature offshore oil field development: solving a real options problem using stochastic dual dynamic integer programming ⋮ On optimal extraction under asymmetric information over reclamation costs

Uses Software

• KNITRO

Cites Work

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