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| Author: | Withagen, C. |
| Title: | Untested hypotheses in non-renewable resource economics |
| Journal: | Environmental and Resource Economics
1998 : APR/JUN, VOL. 11:3-4, p. 623-634 |
| Index terms: | NATURAL RESOURCES ECONOMICS ENVIRONMENT |
| Language: | eng |
| Abstract: | The present paper reviews the literature on the empirical implications of the Hotelling rule and suggests directions for further research in this area. The paper deals with the tests of theories about the exploitation of exhaustible natural resources. Hotelling's rule constitutes a central element in these theories. It is a condition that must be satisfied in order for resource extraction to be dynamically efficient. |
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