> Our analysis supports estimates of the one-month and one-quarter U.S. oil supply elasticity that are effectively zero, as reported by Newell and Prest (2019), while rejecting the much higher elasticity estimates reported in Bjørnland et al. (2018) and Aastveit et al. (2026).
1 Comment
> Our analysis supports estimates of the one-month and one-quarter U.S. oil supply elasticity that are effectively zero, as reported by Newell and Prest (2019), while rejecting the much higher elasticity estimates reported in Bjørnland et al. (2018) and Aastveit et al. (2026).