Is There an Optimal Strategic Oil Reserve for Each Country? A Study Based on the Game Theory
(2014) In The Open Fuels & Energy Science Journal 7. p.69-72- Abstract
- In generally, there is a phenomenon of “free rider” in the establishment of national oil reserves for different countries, which means that they have the tendency of underestimating the strategic oil reserves. This paper attempts to explain this phenomenon from the perspective of non-cooperative game theory. It also analyzes the establishment of strategic oil reserve among different countries based on the coalition game theory and presents the core solution for it. The results show that based on a certain constraint mechanism, it is feasible for different countries to establish their own suitable strategic oil reserves in theory and practice.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4889056
- author
- Yang, Junan and Cong, Ronggang LU
- organization
- publishing date
- 2014
- type
- Contribution to journal
- publication status
- published
- subject
- in
- The Open Fuels & Energy Science Journal
- volume
- 7
- pages
- 69 - 72
- publisher
- Bentham Open
- external identifiers
-
- scopus:84929155411
- ISSN
- 1876-973X
- DOI
- 10.2174/1876973X01407010069
- language
- English
- LU publication?
- yes
- id
- a1b33760-a9ba-41cf-a1a7-63c9fc0f4bf9 (old id 4889056)
- date added to LUP
- 2016-04-01 14:20:49
- date last changed
- 2022-01-28 00:07:38
@article{a1b33760-a9ba-41cf-a1a7-63c9fc0f4bf9, abstract = {{In generally, there is a phenomenon of “free rider” in the establishment of national oil reserves for different countries, which means that they have the tendency of underestimating the strategic oil reserves. This paper attempts to explain this phenomenon from the perspective of non-cooperative game theory. It also analyzes the establishment of strategic oil reserve among different countries based on the coalition game theory and presents the core solution for it. The results show that based on a certain constraint mechanism, it is feasible for different countries to establish their own suitable strategic oil reserves in theory and practice.}}, author = {{Yang, Junan and Cong, Ronggang}}, issn = {{1876-973X}}, language = {{eng}}, pages = {{69--72}}, publisher = {{Bentham Open}}, series = {{The Open Fuels & Energy Science Journal}}, title = {{Is There an Optimal Strategic Oil Reserve for Each Country? A Study Based on the Game Theory}}, url = {{http://dx.doi.org/10.2174/1876973X01407010069}}, doi = {{10.2174/1876973X01407010069}}, volume = {{7}}, year = {{2014}}, }