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Hotelling's rule repealed?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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  • Ronald H. Schmidt, 1988. "Hotelling's rule repealed? An examination of exhaustible resource pricing," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 41-54.
  • Handle: RePEc:fip:fedfer:y:1988:i:fall:p:41-54
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    References listed on IDEAS

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    1. Heal, Geoffrey M., 1993. "The optimal use of exhaustible resources," Handbook of Natural Resource and Energy Economics,in: A. V. Kneeseā€  & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 18, pages 855-880 Elsevier.
    2. R. M. Solow, 1974. "Intergenerational Equity and Exhaustible Resources," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 29-45.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. Joseph Stiglitz, 1974. "Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 123-137.
    9. Partha Dasgupta & Geoffrey Heal, 1974. "The Optimal Depletion of Exhaustible Resources," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 3-28.
    10. 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.
    11. Morton I. Kamien & Nancy L. Schwartz, 1978. "Optimal Exhaustible Resource Depletion with Endogenous Technical Change," Review of Economic Studies, Oxford University Press, vol. 45(1), pages 179-196.
    12. Farrow, Scott, 1985. "Testing the Efficiency of Extraction from a Stock Resource," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 452-487, June.
    13. 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.
    14. 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.
    15. Geoffrey Heal & Michael Barrow, 1980. "The Relationship between Interest Rates and Metal Price Movements," Review of Economic Studies, Oxford University Press, vol. 47(1), pages 161-181.
    16. Pindyck, Robert S, 1978. "The Optimal Exploration and Production of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 841-861, 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.
    2. repec:eee:eneeco:v:64:y:2017:i:c:p:1-12 is not listed on IDEAS

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    Keywords

    Prices ; Natural resources;

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