Showing 1 - 10 of 12,690
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
Persistent link: https://www.econbiz.de/10000554779
Persistent link: https://www.econbiz.de/10002815662
Persistent link: https://www.econbiz.de/10001631766
Persistent link: https://www.econbiz.de/10001799556
Persistent link: https://www.econbiz.de/10001193761
Persistent link: https://www.econbiz.de/10000932103
Persistent link: https://www.econbiz.de/10001736093
the subsequent government decide whether to exploit or conserve. This paper develops a theory of this situation and shows …
Persistent link: https://www.econbiz.de/10012213175
Persistent link: https://www.econbiz.de/10011898036