Why do the predictions of the simple version of Hotelling's rule not always hold?
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Why do the predictions of the simple version of Hotelling's rule not always hold?
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Hotellings rule is a principle in economics that states the most profitable extraction of a nonrenewable resource over time occurs when the price of t...View the full answer
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Related Book For
Introduction To Environmental Economics
ISBN: 9780199568734
2nd Edition
Authors: Nick Hanley, Jason Shogren, Ben White
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