Econometric Model of the Market for Residual Fuel Oil on the East Coast. Technical Report

摘要

The Impacts of the Entitlements Program on the Market for Residual Fuel Oil on the East Coast, Analysis Report AR/EI/80-6 reports the impacts of the Entitlements Program on supply, market price, and quantity of residual fuel oil. This report presents the theoretical derivation of the model used to derive these impacts. A discussion of a number of econometric issues, including the Full Information Maximum-Likelihood technique which is used to estimate the model, is also presented. (ERA citation 05:020748)