Management of Nonrenewable Natural Resources under the Hotelling Rule
Language: English
Published by Scholars' Press Dez 2013, 2013
- Softcover
- New
Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.
AbeBooks seller since January 11, 2012
Condition: New
£ 42.33
Quantity: 2 available
Add to basketItem description from seller
This item is printed on demand - it takes 3-4 days longer - Neuware -This book provides strong empirical evidences that support the Hotelling model of the exploitation of nonrenewable natural resources. It consists of three chapters addressing issues related to the behavior of the in-situ price, market price and the optimal extraction rate of nonrenewable natural resources. Exploiting the theoretical Hotelling model with technological progress and stock effect, the first chapter develops an empirical framework to estimate and evaluate the in-situ price of nonrenewable natural resources using average extraction cost data as proxy for marginal cost. The Second chapter estimates an empirical switching Hotelling model to test for linearity in their stock of the optimal extraction rates of nonrenewable natural resources. The last chapter takes a capital asset pricing approach to the determination of the price of a nonrenewable natural resource in the case where the resource is durable, in the sense that once extracted it becomes a productive asset held above ground. 128 pp. Englisch.…
Seller Inventory # 9783639700015
- Title
- Management of Nonrenewable Natural Resources under the Hotelling Rule
- Author
- Calvin Atewamba
- Publisher
- Scholars' Press Dez 2013
- Publication year
- 2013
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 3639700015
- ISBN 13
- 9783639700015
- Item weight
- 209 grams
- Dimensions
- 220x150x8 mm
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
BuchWeltWeit Ludwig Meier e.K.
Bergisch Gladbach, Germany
AbeBooks seller since January 11, 2012
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