Two articles previously published in this Journal (Watkins 1992 and Adelman 1993) reported that the valuation version of the Hotelling Principle over-predicts in-ground values of oil and gas reserves by a factor of approximately two. This paper shows these results are to be expected once it is...

[eng] SUMMARY Amoûg the predecessors of Keynes one of the least well-known but of tlie most rema rikat) is Boisguilbert 1646-1714 Boisguilbert basing his arguments on clear clef nition of real income opposes the Bullionist conception In his opinion money by its circulation allows effective...