scholarly journals A Modern Validation of Hotelling’s Rule

2017 ◽  
Vol 07 (07) ◽  
pp. 2070-2080
Author(s):  
Francis E. Raymond
Keyword(s):  
Hotelling's Rule

Hotelling Meets Crypto-Currency: Do Bitcoin Rents Follow Hotelling's Rule?

2019 ◽  
Author(s):  
Craig Landry ◽  
Dylan Turner ◽  
Jeffrey H. Dorfman
Keyword(s):  
Crypto Currency ◽  
Hotelling's Rule

Maximin: a direct approach to sustainability

2006 ◽  
Vol 11 (3) ◽  
pp. 275-300 ◽  
Author(s):  
ROBERT D. CAIRNS ◽  
NGO VAN LONG
Keyword(s):  
Precautionary Principle ◽  
Direct Approach ◽  
Necessary Condition ◽  
Hyperbolic Discount ◽  
Discount Factors ◽  
Discounted Utility ◽  
Special Cases ◽  
Analytic Expression ◽  
Hotelling's Rule ◽  
Competitive Economy

We solve directly a general maximin (sustainment, intergenerational-equity) problem. Because the shadow values of a maximin problem do not correspond to the shadow values from a general discounted-utility solution, they correspond to the prices of only a very special competitive economy. Virtual discount factors for the economy arise. They do not correspond to hyperbolic discount factors. Hartwick's rule is derived and generalized naturally to take into account non-autonomous and non-deterministic features of the economy. Under uncertainty, Hartwick's rule is the analytic expression of a form of precautionary principle. Hotelling's rule is a necessary condition, but may be more complex than has been appreciated in simple models. Some interpretations of strong sustainment are special cases of weak sustainment but, paradoxically, may be more difficult to solve.

A note on Hotelling's rule

1986 ◽  
Vol 12 (1) ◽  
pp. 73-74
Author(s):  
Andreas Pfingsten
Keyword(s):  
Hotelling's Rule

scholarly journals Hotelling’s Rule Verification of a Mining Project

2020 ◽  
pp. 55-59
Author(s):  
Pricope Sorin
Keyword(s):  
Production Schedule ◽  
New Production ◽  
Project Duration ◽  
Mining Project ◽  
Project Data ◽  
Hotelling's Rule

On the basis of a real (confidential) mining project data the Hotelling’s rule fitting is verified and a new production schedule is proposed, which better fulfill the Hotelling rate rule than the previously program published by the investor. The intertemporal influences in project duration period are analyzed.

Is Hotelling's Rule Relevant to Domestic Oil Production?

1998 ◽  
Vol 36 (2) ◽  
pp. 149-169 ◽  
Author(s):  
Geoffrey Black ◽  
Jeffrey T LaFrance
Keyword(s):  
Oil Production ◽  
Hotelling's Rule
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