Nonrenewable Resource Scarcity¶
Krautkraemer, J. A. (1998). Nonrenewable Resource Scarcity.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Hotelling's Rule
- Nonrenewable-resource extraction theory — the home turf; the optimal-extraction condition (net price compounds at r) governs scenario analysis for oil, gas, coal, and mineral pricing under depletion, treating the buried unit as a non-dividend asset. Empirical resource-pricing research — real prices persistently fail to track the Hotelling path, so the baseline functions as the benchmark against which extensions are judged (Slade, Krautkraemer)
This sourceSurvey of theoretical extensions and empirical tests of the Hotelling model, finding observed prices often inconsistent with the rule and attributing the gap to exploration, ore quality, technical progress and capital investment.
SupportedVerified against the source
- Nonrenewable-resource extraction theory — the home turf; the optimal-extraction condition (net price compounds at r) governs scenario analysis for oil, gas, coal, and mineral pricing under depletion, treating the buried unit as a non-dividend asset. Empirical resource-pricing research — real prices persistently fail to track the Hotelling path, so the baseline functions as the benchmark against which extensions are judged (Slade, Krautkraemer)
Verification¶
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Registry ID ref:8c7638719cfb · see in the full table