American crude oil prices have dropped significantly of late up to a low of less than $30 a barrel in early 2016. At the same time price volatility has increased and crude in storage has reached record amounts in America. Low oil prices in particular pose quite a challenge for the survival of America’s tight-oil industry.
Agent-based models (ABMs) are increasingly recognized as valuable tools in modelling human-environmental systems, but challenges and critics remain. One pressing challenge in the era of “Big Data” and given the flexibility of representation afforded by ABMs, is identifying the appropriate level of complicatedness in model structure for representing and investigating complex real-world systems.
Abandonment and conversion of cultural agrarian landscapes are major drivers behind the loss of ecosystem services in Europe. One incentive for land-use conversion is the higher (private) economic return from industrial mono-functional crops relative to traditional multi-functional ones.
Financiado por el Ministerio de Ciencia Innovación y Universidades y la Agencia Estatal de Investigación,
a través de la Convocatoria: Maria de Maeztu 2017 (BOE 21/10/2017) siendo la referencia de nuestro expediente: MDM-2017-0714
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