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Oil Extraction and Price Dynamics

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  • Illig, Aude
  • Schindler, Ian

Abstract

We use the dynamic production function identities and an empirical model of oil prices based only on oil extraction data to analyze the dynamics of oil prices as we transition into the contraction phase of oil extraction. We explore the implications with respect to several common scenarios.

Suggested Citation

  • Illig, Aude & Schindler, Ian, 2016. "Oil Extraction and Price Dynamics," TSE Working Papers 16-701, Toulouse School of Economics (TSE).
    • Handle: RePEc:tse:wpaper:31009
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    References listed on IDEAS

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