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A test of the hotelling rule using old-growth timber data

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On the empirical significance of the hotelling rule

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A test of the hotelling rule using old-growth timber data

Livernois, John R. (contributor); Thille, Henry (contributor) - 2003

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An empirical re-examination of the hotelling valuation principle

Bell, Frederick W.; Lacombe, Donald J.; Ryan, Michael P.; … - In: Journal of economic research 5 (2000) 2, pp. 133-147

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Human action and socially-optimal conservation : a Misesian inquiry into the Hotelling Principle

Brätland, John - In: The quarterly journal of Austrian economics : the … 3 (2000) 1, pp. 3-26

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A Test of the Hotelling Rule Using Old-Growth Timber Data

Livernois, John; Thille, Henry; Zhang, Xianqiang - 2006

The paper tests Hotelling's prediction that scarcity rent for a nonrenewable resource will rise at the rate of discount in a market equilibrium. We perform the test using data for old-growth timber, a resource that is effectively nonrenewable. In contrast to previous studies, for this resource a...

Persistent link: https://www.econbiz.de/10014059904