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Price Formation of Exhaustible Resources: An Experimental Investigation of the Hotelling Rule
Neumann, Christoph; Erlei, Mathias - 2014
In 1931 Harold Hotelling published his seminal contribution to the economic theory of exhaustible resources. His major insight states that the prices of exhaustible resources - more specifically the scarcity rent - will rise at the rate of interest, and consumption will decline over time. The...
Persistent link: https://www.econbiz.de/10010481561
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Nonrenewable resources, strategic behavior and the hotelling rule : an experiment
Veldhuizen, Roel van; Sonnemans, Joep - 2014
This study uses the methods of experimental economics to investigate possible reasons for the lack of empirical support for the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are large enough, producers may choose to (partially) ignore the dynamic component...
Persistent link: https://www.econbiz.de/10010340880
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Price formation of exhaustible resources : an experimental investigation of the Hotelling rule
Neumann, Christoph; Erlei, Mathias - 2014
In 1931 Harold Hotelling published his seminal contribution to the economic theory of exhaustible resources. His major insight states that the prices of exhaustible resources - more specifically the scarcity rent - will rise at the rate of interest, and consumption will decline over time. The...
Persistent link: https://www.econbiz.de/10010481219
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Price Formation of Exhaustible Resources: An Experimental Investigation of the Hotelling Rule
Erlei, Mathias; Neumann, Christoph - Institut für Wirtschaftswissenschaft, Technische … - 2014
In 1931 Harold Hotelling published his seminal contribution to the economic theory of exhaustible resources. His major insight states that the prices of exhaustible resources - more specifically the scarcity rent - will rise at the rate of interest, and consumption will decline over time. The...
Persistent link: https://www.econbiz.de/10010937859
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Discounting and criminals' implied risk preferences
Mungan, Murat C.; Klick, Jonathan - In: Review of law and economics : publ. in cooperation with … 11 (2015) 1, pp. 19-23
Persistent link: https://www.econbiz.de/10010518706
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Multiself bargaining
Henkel, Rudy - In: Studies in microeconomics 9 (2021) 1, pp. 28-65
Persistent link: https://www.econbiz.de/10012586658
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"Pay-later" vs. "pay-as-you-go" : experimental evidence on present-biased overconsumption and the importance of timing
Werthschulte, Madeline - 2020
effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012312873
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Internal and external validity of experimental risk and time preferences
Belzil, Christian; Sidibé, Modibo - 2016
, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …
Persistent link: https://www.econbiz.de/10011580855
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Consumption discount rates, risk aversion and wealth in low-income countries : evidence from a field experiment in rural Ethiopia
Yesuf, Mahmud; Bluffstone, Randall Ames - In: Journal of African economies 28 (2019) 1, pp. 18-38
Persistent link: https://www.econbiz.de/10012103317
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Time and space in strategy discourse : implications for intertemporal choice
Crilly, Donal - In: Strategic management journal 38 (2017) 12, pp. 2370-2389
Persistent link: https://www.econbiz.de/10011808120