Working Papers: Recent submissions

Now showing items 124-126 of 334

    • Investments of uncertain cost 

      Pindyck, Robert S. (MIT Center for Energy and Environmental Policy Research, 1992)
      I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount ...

    • Reserve asset values and the "hotelling valuation principle" 

      Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 1992)
      The Hotelling Valuation Principle, that the in-situ value of a mineral unit equals the current net price, is a special case of a more general relation. Tested against a set of recent Canadian sales of oil and gas reserves, ...

    • OPEC at high noon 1974-1981 

      Adelman, Morris Albert (MIT Center for Energy and Environmental Policy Research, 1992)
      After 1973, oil consumption stagnated worldwide. Non-OPEC output increased, mostly in Alaska, Mexico, and the North Sea, but not because of the price rise. The cartel nations had to assume the whole burden of cutting back ...