Steady-state growth in a Hotelling model of resource extraction

DOI10.1016/J.JEEM.2006.12.001zbMATH Open1155.91409OpenAlexW1985988018MaRDI QIDQ996589FDOQ996589

Gernot Wagner, C.-Y. Cynthia Lin

Publication date: 24 September 2007

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: https://escholarship.org/uc/item/21t4057g

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zbMATH Keywords

Hotellingnonrenewable resourcesresource prices

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Production theory, theory of the firm (91B38)

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• The testable implications of a capital-accumulating, price-taking, vertically integrated, non-renewable resource extracting model of the firm
• Optimal oil production and taxation under mean reverting jump diffusion models
• Critique of the corn-guano model
• Non-renewable resources in the long run
• Resource Extraction Costs and Competitive Steady-State Growth
• Resource prices and planning horizons

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