Piranfar, Hosein - In: International Journal of Global Environmental Issues 10 (2010) 1/2, pp. 194-209
Despite the current volatility (early 2007), oil prices have experienced a persistently upward trend since 2004. By examining the cascading and stochastic models of herding, the paper looks at the role of herding and diminishing resources behind the volatility and rapid rise in oil prices. A...