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extracted, and optimal depletion of open fields follows a (modified) Hotelling rule. Opening a new field involves sinking a … both depletion and field opening, and supply responses to price changes are studied. In contrast to Hotelling, the long run …
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This paper contributes to the understanding of the long-run consequences of Roman rule on economic development. In … ancient times, the area of contemporary Germany was divided into a Roman and non-Roman part. The study uses this division to … test whether the formerly Roman part of Germany show a higher nightlight luminosity than the non-Roman part. This is done …
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There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper sets out the scale of the gas, and the array...
Persistent link: https://www.econbiz.de/10011955475
A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing, and scale of the development of a natural...
Persistent link: https://www.econbiz.de/10011955486
The new institutional economics and Roman legal policy -- The creation of rights in the countryside -- Roman legal …
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