2. Working Papers: Recent submissions
Now showing items 187-189 of 209
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Oil producing countries' discount rates
(MIT Energy Lab, 1986)The small LDCs which own the great bulk of oil resour- ces are rational agents and calculate with short horizons and high discount rates. They have pre-commitments to spend much (or even more than all) of their ... -
The value of flexibility
(MIT Energy Lab, 1986)This paper develops a framework to evaluate the economic value derived from a firm's ability to switch between different modes of production in the face of uncertain prices. The model, cast as a set of simulataneous ...
