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A class of short-term models for the oil industry that accounts for speculative oil storage

We propose a plausible mechanism for the short-term dynamics of the oil market based on the interaction of a cartel, a fringe of competitive producers, and a crowd of capacity-constrained physical arbitrageurs that store the resource. The model leads to a system of two coupled nonlinear partial diff...

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Detalles Bibliográficos
Autores principales: Achdou, Yves, Bertucci, Charles, Lasry, Jean-Michel, Lions, Pierre-Louis, Rostand, Antoine, Scheinkman, José A.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9244440/
http://dx.doi.org/10.1007/s00780-022-00481-y