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Management of Nonrenewable Natural Resources under the Hotelling Rule: An Evaluation of the Hotelling Model - Couverture souple

Atewamba, Calvin

 
9783639700015: Management of Nonrenewable Natural Resources under the Hotelling Rule: An Evaluation of the Hotelling Model
Couverture souple
ISBN 10 : 3639700015 ISBN 13 : 9783639700015
Editeur : Scholars' Press, 2013

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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.

Biographie de l'auteur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Scholars' Press
Date d'édition
2013
Langue
anglais
ISBN 10 
3639700015
ISBN 13 
9783639700015
Reliure
Broché
Nombre de pages
128
Coordonnées du fabricant
non disponible
Personne responsable
non disponible