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The long-run evolution of energy prices

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dc.contributor.author Pindyck, Robert S. en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-04-03T17:08:21Z
dc.date.available 2009-04-03T17:08:21Z
dc.date.issued 1999 en_US
dc.identifier 99001 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/45087
dc.description.abstract I examine the long-run behavior of oil, coal, and natural gas prices, using up to 127 years of data, and address the following questions: What does over a century of data tell us about the stochastic dynamics of price evolution, and how it should be modeled? Can models of reversion to stochastically fluctuating trend lines help us forecast prices over horizons of 20 years or more? And what do the answers to these questions tell us about investment decisions that are dependent on prices and their stochastic evolution? en_US
dc.description.sponsorship Supported by the MIT Center for Energy and Environmental Policy Research. en_US
dc.format.extent 35 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 99-001WP. en_US
dc.title The long-run evolution of energy prices en_US
dc.type Working Paper en_US
dc.identifier.oclc 42076988 en_US


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