The essays in Energy, Foresight and Strategy apply rational expectation theory to various energy markets with the intention of discussing issues relevant to analysis and decision making in the whole of the energy field. Originally published in 1985, issues explored include oil exportation, energy prices and embargoes, both focussing on how past regulation has created issues in the market at the time of publication as well as creating models to ascertain the futures of various energy resources. This title will be of interest to students of Environmental Studies and Economics.
Foreword; Acknowledgments; 1. Energy, Foresight and Strategy 2. Embargoes and Supply Shocks in a Market with a Dominant Seller 3. Oil Supply Disruptions and the Optimal Tariff in a Dynamic Stochastic Equilibrium Model 4. Inventories and Quantity-Constrained Equilibria in Regulated Markets: The U.S. Petroleum Industry, 1947-1972 5. Linear-Quadratic Duopoly Models of Resource Depletion 6. The Econometrics of Exhaustible Resource Supply: A Theory and an Application; Index
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