Campuses:

Natural Resource Economics

Tuesday, June 12, 2018 - 11:00am - 11:30am
Moustapha Pemy (Towson State University)
This paper studies the optimal extraction and taxation of nonrenewable natural resources. It is well known that prices of strategic resources such as oil, natural gas, uranium, copper,..., etc, fluctuate randomly following global and seasonal macroeconomic parameters, those prices are modeled using Markov switching L\'evy processes.
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