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As increasingly large volumes of sophisticated options (called derivative securities) are traded in world financial markets, determining a fair price for these options has become an important and difficult computational problem. Many valuation codes use the binomial pricing model, in which the...
Persistent link: https://www.econbiz.de/10009435800
It is becoming increasingly clear, at least on a theoretical level, that modelers of the potential impacts of climate change must impose that change upon the world as it will be configured sometime in the future rather than confine their attention to considerations of what would happen to the...
Persistent link: https://www.econbiz.de/10009435515
In July 1989, President Bush directed the Secretary of Energy to initiate the development of a comprehensive National Energy Strategy (NES) built upon a national consensus. The overall principle for the NES, as defined by the President and articulated by the Economic Policy Council (EPC), is the...
Persistent link: https://www.econbiz.de/10009435779
During fiscal year 1993, the reserves generated $440 million in revenues, a $33 million decrease from the fiscal year 1992 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $207 million, resulting in net cash flow of $233 million, compared with $273...
Persistent link: https://www.econbiz.de/10009435908
shipments to the strategic petroleum reserve, horizontal drilling, shallow oil zone gas injection project, environment and …
Persistent link: https://www.econbiz.de/10009436722
Technology transfer to the industrial sector for geopressured-geothermal technology has included diverse strategies, with successes and obstacles or roadblocks. Numerical data are tabulated in terms of response to the various strategies. Strategy categories include the following: feasibility...
Persistent link: https://www.econbiz.de/10009435412
This paper deals with the market for SO{sub 2} emission allowances over time and electric utility compliance choices. For currently high emitting plants ( 2.5 lb SO{sub 2}/MMBtu), the 1990 Clean Air Act Amendments (CAAA) provide for about twice as many SO{sub 2} allowances to be issued per year...
Persistent link: https://www.econbiz.de/10009435433
The city of Susanville, in response to an unemployment rate exceeding 20 percent and other related community needs, has embarked on a comprehensive effort in community and economic development. To improve the local job market, an effort is underway to enhance the competitive position of the...
Persistent link: https://www.econbiz.de/10009435442
oil stocks, demand, and trade in OECD countries. World oil production and OECD demand data are for the years 1970 through … 1992; OECD stocks from 1973 through 1992; and OECD trade from 1982 through 1992. Data for the United States are developed … published sources including International Energy Agency publications, the EIA International Energy Annual, and the trade press …
Persistent link: https://www.econbiz.de/10009435449
Classical economic base analysis is grounded in the concept that export activity drives the local economy and that economic impacts due to development can be traced to changes in the export base. Local government activities are frequently treated as a consequence of economic change, but no...
Persistent link: https://www.econbiz.de/10009435674