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Tests with Lab Experiments of Hotelling’s Rule about Prices of Non-Renewable Resources

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  • Templeton, Scott R.
  • Wood, Daniel H.

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  • Templeton, Scott R. & Wood, Daniel H., 2023. "Tests with Lab Experiments of Hotelling’s Rule about Prices of Non-Renewable Resources," 2023 Annual Meeting, July 23-25, Washington D.C. 335886, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:335886
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    File URL: https://ageconsearch.umn.edu/record/335886/files/26962.pdf
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    References listed on IDEAS

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    1. Schulze, William D., 1974. "The optimal use of non-renewable resources: The theory of extraction," Journal of Environmental Economics and Management, Elsevier, vol. 1(1), pages 53-73, May.
    2. A. Colin Cameron & Douglas L. Miller, 2015. "A Practitioner’s Guide to Cluster-Robust Inference," Journal of Human Resources, University of Wisconsin Press, vol. 50(2), pages 317-372.
    3. Christiane Baumeister & Lutz Kilian, 2016. "Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still Surprise Us," Journal of Economic Perspectives, American Economic Association, vol. 30(1), pages 139-160, Winter.
    4. Huck, Steffen & Normann, Hans-Theo & Oechssler, Jorg, 2004. "Two are few and four are many: number effects in experimental oligopolies," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 435-446, April.
    5. Mathias Erlei & Christoph Neumann, 2014. "Price Formation of Exhaustible Resources: An Experimental Investigation of the Hotelling Rule," TUC Working Papers in Economics 0013, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
    6. Smith, Vernon L & Suchanek, Gerry L & Williams, Arlington W, 1988. "Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets," Econometrica, Econometric Society, vol. 56(5), pages 1119-1151, September.
    7. Richard L. Gordon, 1967. "A Reinterpretation of the Pure Theory of Exhaustion," Journal of Political Economy, University of Chicago Press, vol. 75(3), pages 274-274.
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    Keywords

    Resource/Energy Economics and Policy; Research Methods/Statistical Methods; Institutional and Behavioral Economics;
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