The Wade Formula and the oil price fluctuation: An Optimal Control Theory approach

Autor: Mendy, Pierre, Ndiaye, Babacar M., Seck, Diaraf, Ly, Idrissa
Rok vydání: 2022
Předmět:
Druh dokumentu: Working Paper
Popis: By considering the Wade Formula, we propose a model to study the evolution of the oil price per barrel. Our model shows that the policy of diversification of the energy is to be supported. This model is proposed to see how it is possible to control parameters so that the oil price should decrease.
Databáze: arXiv