Finding Costs in the U.S. Petroleum Industry: Assessing the Opposing Effects of Technological Change and Depletion with Error Correction Modeling
نویسنده
چکیده
Helpful discussions with Bob Cumby and Diana Moss are gratefully acknowledged.
منابع مشابه
Technological Change, Depletion and the U.S. Petroleum Industry***
Technological Change, Depletion and the U.S. Petroleum Industry*** A common claim in the nonrenewable resource literature is that improvements in technology may largely offset the effects of increasing scarcity over time. This study provides perhaps the first empirical evidence on this issue by analyzing the determinants of the average finding cost for additional petroleum in the U.S. over the ...
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