Management of Nonrenewable Natural Resources under the Hotelling Rule | An Evaluation of the Hotelling Model

Calvin Atewamba

ISBN 10: 3639700015 / ISBN 13: 9783639700015

Verlag: Scholars' Press, 2013

Management of Nonrenewable Natural Resources under the Hotelling Rule | An Evaluation of the Hotelling Model | Calvin Atewamba | Taschenbuch | 128 S. | Englisch | 2013 | Scholars' Press | EAN 9783639700015 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Bestandsnummer des Verkäufers 105514822

Inhaltsangabe:

This book provides strong empirical evidences that support the Hotelling model of the exploitation of nonrenewable natural resources. It consists of three chapters addressing issues related to the behavior of the in-situ price, market price and the optimal extraction rate of nonrenewable natural resources. Exploiting the theoretical Hotelling model with technological progress and stock effect, the first chapter develops an empirical framework to estimate and evaluate the in-situ price of nonrenewable natural resources using average extraction cost data as proxy for marginal cost. The Second chapter estimates an empirical switching Hotelling model to test for linearity in their stock of the optimal extraction rates of nonrenewable natural resources. The last chapter takes a capital asset pricing approach to the determination of the price of a nonrenewable natural resource in the case where the resource is durable, in the sense that once extracted it becomes a productive asset held above ground.

Über die Autorin bzw. den Autor: He is currently a Green-Economy Research Fellow at the United Nations University-Institute for Natural Resources in Africa. He got his Ph.D. in Economics from the University of Montreal in Canada. Prior to Ph.D. studies, he earned an engineering diploma (Master's equivalent) in Statistics and Economics, and a Master's degree in Mathematics.

Bibliografische Details

Titel: Management of Nonrenewable Natural Resources...
Verlag: Scholars' Press
Erscheinungsdatum: 2013
Einband: Taschenbuch
Zustand: Neu