Huang, Biao - In: Journal of economic structures : JES; the official … 7 (2018) 8, pp. 1-24
. Following past research on the topic, further reconciliation can be made between the analyses of Ricardo and Hotelling on … exhaustible resources by introducing resource-searching activities. The study’s model is based on a given real wage rate and a … searching processes can be determined once a sequence of profit rates as well as the initial amounts of commodities and …