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~subject:"Hotelling rule"
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Hotelling rule
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Rouillon, Sébastien
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ROUILLON, Sébastien
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Groupe de Recherche en Économie Théorique et Appliquée (GREThA), Université de Bordeaux
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A simple characterization of the optimal extraction policy of a non-renewable resource when extraction cost is stock-independent
Rouillon, Sébastien
- In:
Energy economics
37
(
2013
),
pp. 100-103
Persistent link: https://www.econbiz.de/10009759437
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A simple characterization of the optimal extraction policy of a non-renewable resource when extraction cost is stock-independent
Rouillon, Sébastien
- In:
Energy Economics
37
(
2013
)
C
,
pp. 100-103
This note provides a simple characterization of the optimal extraction of a non-renewable resource. The proposed formula determines the solution in its feedback form. It is shown to hold for a large class of models, as long as the utility is stock-independent.
Persistent link: https://www.econbiz.de/10010635962
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3
Solving the Hotelling Model in Feedback Form
ROUILLON, Sébastien
-
Groupe de Recherche en Économie Théorique et …
-
2011
We give a characterization, in feedback form, of the optimal extraction path of an exhaustible resource, which holds for a large class of models.
Persistent link: https://www.econbiz.de/10009132506
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