Everyone knows that Brazil is a major player in the commodities and energy markets, mostly - but not exclusively - because of Petrobras, its giant oil company. It should, therefore, not come as a surprise that there is a very active academic community in Brazil dedicated to research in these areas, as demonstrated in the this small but highly informative workshop that took place at IMPA last August.
Besides giving a mini-course on game theory and real options, I played a small role behind the scenes by strengthening the links between EDF and IMPA and by extension Petrobras. Having worked on consulting projects for both companies, I can vouch for the vibrancy of their R&D teams, which can only benefit from talking to each other.
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