Table 4 Oil extraction. Parameter low...

Table 4

Oil extraction.

Parameter	low	benchmark	high	Source
Marginal cost $c$	$$ 10 / bbl$	$$ 14 / bbl$	$$ 17 / bbl$	Genc, 2017
Lerner index	0.71	0.85	0.90	Genc, 2017
Oil price	$$ 19 / bbl$	$$ 71 / bbl$	$$ 124 / bbl$	Yahoo Finance

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