It would seem that Hotelling's rule and its related models of resource extraction and electricity production as largest … consumer of scarce resources are closely related. However, although fixed costs and a non-storable product are essential in …

This paper links Hotelling's theory, in recent literature applied to an emission constrained environment, with the …

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 … that market prices of exhaustible resources rarely follow the predicted pattern. Yet our experimental investigation …