Impacts of Selected Price Policies on the Discovery and Extraction of Crude Oil

This paper develops an econometric model of petroleum discovery and extraction. Impacts of three selected price policies for petroleum are analyzed with the model. Higher oil prices do encourage additional domestic oil exploration and extraction.


Issue Date:
1978-07
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/158511
Total Pages:
14
JEL Codes:
Q31; Q32; Q33; Q38
Series Statement:
University of Kentucky Ag. Econ. Staff Papers
72




 Record created 2017-04-01, last modified 2017-08-27

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