Andrey Vavilov is the Research Supervisor of the Institute for Financial Studies, Moscow Region (Russia), an independent research center with the goal of bridging the gap between financial and economic theory and public and corporate financial decision-making practice. Before, he worked at the Central Institute for Economics and Mathematics of the USSR Academy of Sciences in 1982-1991. He was the Deputy Minister of Finance of the Russian Federation between 1992-1997. He also worked for the companies "Gazprom" and "North Oil" between 1997-2002 and became CEO of "SuperOx" in 2010. 
Georgy Trofimov is a Chief Researcher at the Institute for Financial Studies, Moscow Region (Russia). Prior he worked at the Central Institute for Economics and Mathematics of the USSR Academy of Sciences in 1982-1991, at the Institute for Market Economy of the Russian Academy of Sciences in 1991-1995 and at the Institute for the Economy in Transition in 1993-2002. 

Introduction.- PART I - RESOURCE RENTS AND OPPORTUNITY COSTS.- The Economics of Exhaustible Resources.- Prices and Rents of Economically Recoverable Resources.- Pricing Energy Resources Under Transition to Alternative Energy.- Global Carbon Budgeting and the Social Cost of Carbon.- PART II - COMMODITY PRICES.- Commodity Prices, Convenience Yield and Inventory Behavior.- Commodity Prices and Competitive Storage.- Commodity Trade in Continuous Time, Long-Term Availability and Storage Capacity.- PART III - RESOURCE CARTEL.- The Oil Cartel and Misallocation of Production.- Anti-Conservationist Effects of the Conservationist Oil Cartel.