A rationalization of ups and downs of oil prices by sluggish demand, uncertainty, and nonconcavity

DOI10.1111/nrm.12025zbMath1542.91297MaRDI QIDQ6550385

Franz Wirl, Sebastian Caban

Publication date: 5 June 2024

Published in: Natural Resource Modeling (Search for Journal in Brave)

zbMATH Keywords

dynamicstochasticmonopolyoil pricesconvex demand

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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