Modeling Mineral and Energy Markets

  • Walter C. Labys

Table of contents

  1. Front Matter
    Pages i-xii
  2. Walter C. Labys
    Pages 1-7
  3. Walter C. Labys
    Pages 9-11
  4. Walter C. Labys
    Pages 13-22
  5. Walter C. Labys
    Pages 23-51
  6. Walter C. Labys
    Pages 53-72
  7. Walter C. Labys
    Pages 73-80
  8. Walter C. Labys
    Pages 81-89
  9. Walter C. Labys
    Pages 91-100
  10. Walter C. Labys
    Pages 101-103
  11. Walter C. Labys
    Pages 105-106
  12. Walter C. Labys
    Pages 107-112
  13. Walter C. Labys
    Pages 113-125
  14. Walter C. Labys
    Pages 127-134
  15. Back Matter
    Pages 135-176

About this book

Introduction

This book provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modeling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus fC?llowing the first oil price shock in 1973. Since that time, other shocks have affected these markets and industries, causing disequilibrium economic adjustments which are difficult to analyze and to predict. Moreover, geopolitics remains an important factor which can destabilize crude oil markets and associated refining industries. Mineral and energy modeling, consequently, has become a major interest of energy-related corporations, mining and drilling companies, metal manufacturers, public utilities, investment banks,. national government agencies and international organizations. This book hopes to advance mineral and energy modeling as follows: (1) The modeling process is presented sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including explaining history, analyzing policy, and market and price forecasting; (2) New developments in modeling approaches are presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro­ oriented energy interaction models (including computable general equilibrium); (3) The verification and application of the models is considered not only individually but also in relation to the performance of alternative modeling approaches; and (4) The modeling framework includes a perspective on new directions, so that the present model building advice will extend into the future.

Keywords

Simulation development energy equilibrium modeling

Authors and affiliations

  • Walter C. Labys
    • 1
  1. 1.Benedum Distinguished ScholarWest Virginia UniversityUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4615-5101-0
  • Copyright Information Kluwer Academic Publishers 1999
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4613-7320-9
  • Online ISBN 978-1-4615-5101-0
  • About this book