Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75130 
Year of Publication: 
1985
Series/Report no.: 
Diskussionsbeiträge - Serie A No. 200
Publisher: 
Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik, Konstanz
Abstract: 
Currently, the world petroleum market is facing attempts by petroleum exporting countries to extend their influence further downstream. The process of vertical integration is based on natural gas which accrues as a by-product of crude oil recovery. Gas can be used for downstream production, for reinjection into the oil field in order to enhance future recovery, or it can simply be flared. The model investigates how to optimally use the associated gas in an inter temporal framework. The price and extraction paths, associated with the optimal use of gas are examined, compared with the relevant time paths of the standard model.
Document Type: 
Working Paper

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