Reynolds, Douglas B.; Baek, Jungho - In: Energy Economics 34 (2012) 1, pp. 162-170
Much economic literature analyzes the Hotelling principal. Little economic literature analyzes the Hubbert curve … towards that end, we attempt to look at both concepts simultaneously. We test whether a simple Hubbert curve model is a … show the discount rate, the most important Hotelling variable, has little effect on oil prices, but that the Hubbert curve …