Coats, R. Morris; Pecquet, Gary; Sanders, Shane D. - In: Journal of Industrial Organization Education 4 (2010) 1, pp. 1-12
It is common knowledge that oil discovered today, or that is newly allowed to be developed, has no effect on prices until reaching the market. However, economic theory does not support common knowledge on this issue. By lowering the value of holding oil for future sale, a future oil supply...
