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A Test of the Theory of Exhaustible Resources.
Halvorsen, Robert; Smith, Tim R - In: The Quarterly Journal of Economics 106 (1991) 1, pp. 123-40
An empirical test of the theory of exhaustible resources requires an estimate of the time path of the shadow price of the unextracted resource that generally is not observable because of the prevalence of vertical integration in natural resource industries. In this paper, the authors use duality...
Persistent link: https://www.econbiz.de/10005814683
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Substitution Possibilities for Unpriced Natural Resources: Restricted Cost Functions for the Canadian Metal Mining Industry.
Halvorsen, Robert; Smith, Tim R - In: The Review of Economics and Statistics 68 (1986) 3, pp. 398-405
Persistent link: https://www.econbiz.de/10005692706
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On Measuring Natural Resource Scarcity.
Halvorsen, Robert; Smith, Tim R - In: Journal of Political Economy 92 (1984) 5, pp. 954-64
Persistent link: https://www.econbiz.de/10005733111