Bargaining, Strategic Reserves, and International Trade in Exhaustible Resources
构建了一个分析最优战略储备政策的框架，研究在石油等可耗竭资源中，承受禁运的能力如何影响贸易条件，并讨论了相关建模问题。
Abstract This paper proposes a framework for the analysis of optimal strategic reserve policy when ability to withstand embargoes influences terms of trade in an exhaustible resource like oil. The mode embodies two stylized facts: competitive forces are not always strong enough to eliminate other influences on the negotiated price of oil, and long‐term contracts for oil delivery cannot be enforced across national boundaries. Some modeling issues that arise in this context are discussed, and a model of optimal strategic reserve policies is proposed and solved in a leading special case.