The Economics of Exhaustible Resources
E26024
The Economics of Exhaustible Resources is a seminal work in environmental and resource economics that develops the theoretical foundations for how societies should optimally use and manage finite natural resources over time.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Hotelling rule | 3 |
| Hotelling's rule | 2 |
| The Economics of Exhaustible Resources canonical | 1 |
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
academic monograph
ⓘ
book ⓘ |
| addresses |
conditions for optimal depletion paths
ⓘ
efficiency of resource use over time ⓘ long-run scarcity rents ⓘ policy instruments for managing exhaustible resources ⓘ price paths for nonrenewable resources ⓘ role of discounting in resource use ⓘ |
| appliesTo |
fossil fuels
ⓘ
minerals ⓘ other nonrenewable natural resources ⓘ |
| contribution |
analyzes welfare implications of different extraction policies
ⓘ
develops dynamic models of resource depletion ⓘ formalizes optimal extraction paths for finite resources ⓘ influences policy debates on nonrenewable resource management ⓘ links resource prices to scarcity over time ⓘ provides foundations for modern resource taxation analysis ⓘ |
| describedBy | seminal work in environmental and resource economics ⓘ |
| field |
energy economics
ⓘ
environmental economics ⓘ resource economics ⓘ |
| focusesOn |
finite natural resources
ⓘ
optimal use of depletable resources ⓘ time paths of extraction and prices ⓘ trade-offs between present and future consumption of resources ⓘ |
| genre | economic theory ⓘ |
| hasPerspective |
intertemporal welfare maximization
ⓘ
social planner optimization framework ⓘ |
| impact |
shaped theoretical foundations of resource economics
ⓘ
used as a reference for optimal depletion policy analysis ⓘ widely cited in environmental economics literature ⓘ |
| mainSubject |
The Economics of Exhaustible Resources
self-linksurface differs
ⓘ
surface form:
Hotelling rule
exhaustible resources ⓘ intertemporal resource allocation ⓘ nonrenewable resources ⓘ optimal resource extraction ⓘ resource scarcity ⓘ social welfare maximization ⓘ |
| theoreticalBasisFor |
analysis of conservation policies
ⓘ
analysis of extraction quotas ⓘ analysis of resource taxation ⓘ analysis of royalty schemes ⓘ |
| usesMethod |
dynamic optimization
ⓘ
intertemporal choice models ⓘ mathematical modeling of resource extraction ⓘ |
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
The Economics of Exhaustible Resources
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mainSubject
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The Economics of Exhaustible Resources
self-linksurface differs
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this entity surface form:
Hotelling rule
this entity surface form:
Hotelling rule
this entity surface form:
Hotelling rule
subject surface form:
Harold Hotelling
this entity surface form:
Hotelling's rule
subject surface form:
Harold Hotelling
this entity surface form:
Hotelling's rule