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Hotelling's rule repealed? An examination of exhaustible resource pricing

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  • Ronald H. Schmidt
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    File URL: http://www.frbsf.org/publications/economics/review/1988/88-4_41-54.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of San Francisco in its journal Economic Review.

    Volume (Year): (1988)
    Issue (Month): Fall ()
    Pages: 41-54

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    Handle: RePEc:fip:fedfer:y:1988:i:fall:p:41-54

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    Related research

    Keywords: Prices ; Natural resources;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Heal, G., 1990. "The Optimal Use Of Exhaustible Resources," Papers fb-_90-10, Columbia - Graduate School of Business.
    2. Farrow, Scott, 1985. "Testing the Efficiency of Extraction from a Stock Resource," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 452-87, June.
    3. Hnyilicza, Esteban & Pindyck, Robert S., 1976. "Pricing policies for a two-part exhaustible resource cartel : The case of OPEC," European Economic Review, Elsevier, vol. 8(2), pages 139-154, August.
    4. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers 103, Massachusetts Institute of Technology (MIT), Department of Economics.
    5. Peterson, Frederick M & Fisher, Anthony C, 1977. "The Exploitation of Extractive Resources: A Survey," Economic Journal, Royal Economic Society, vol. 87(348), pages 681-721, December.
    6. Roumasset, J. & Isaak, D. & Fesharaki, F., 1983. "Oil prices without OPEC : A walk on the supply-side," Energy Economics, Elsevier, vol. 5(3), pages 164-170, July.
    7. Frank, Jeff & Babunovic, Mark, 1984. "An Investment Model of Natural Resource Markets," Economica, London School of Economics and Political Science, vol. 51(201), pages 83-95, February.
    8. Kamien, Morton I & Schwartz, Nancy L, 1978. "Optimal Exhaustible Resource Depletion with Endogenous Technical Change," Review of Economic Studies, Wiley Blackwell, vol. 45(1), pages 179-96, February.
    9. Donald A. Hanson, 1980. "Increasing Extraction Costs and Resource Prices: Some Further Results," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 335-342, Spring.
    10. Smith, V. Kerry, 1981. "The empirical relevance of hotelling's model for natural resources," Resources and Energy, Elsevier, vol. 3(2), pages 105-117, October.
    11. Ronald H. Schmidt, 1987. "Deregulating electric utilities: issues and implications," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Sep, pages 13-26.
    12. Heal, Geoffrey & Barrow, Michael, 1980. "The Relationship between Interest Rates and Metal Price Movements," Review of Economic Studies, Wiley Blackwell, vol. 47(1), pages 161-81, January.
    13. Robert M. Solow & Frederic Y. Wan, 1976. "Extraction Costs in the Theory of Exhaustible Resources," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 359-370, Autumn.
    14. Pindyck, Robert S, 1978. "The Optimal Exploration and Production of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 841-61, October.
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    Cited by:
    1. Stephen P.A. Brown & Daniel Wolk, 2000. "Natural resource scarcity and technological change," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q1, pages 2-13.

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