Construct · 1 fields · 1 citations

Hotelling valuation principle: a standalone construct

One name. One construct. A landmark on the map.

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Hotellingvaluation principle1 CONSTRUCTHotelling valuationMILLER · ENVIRONMENTAL AND

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Environmental and resource economics

the implication of Hotelling's rule that the value of a reserve of an exhaustible resource equals current price minus extraction cost times the reserve.

In environmental and resource economics, Hotelling valuation principle refers to the implication of Hotelling's rule that the value of a reserve of an exhaustible resource equals current price minus extraction cost times the reserve. This meaning comes from Miller (1985) in Journal of Political Economy.[1]

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructscurrent3 fields · 6 citationsjingle · one word, three constructshotelling rule1 fields · 1 citationsanchor · a standalone construct

References

  1. Miller, M. H., & Upton, C. W. (1985). A Test of the Hotelling Valuation Principle. Journal of Political Economy, 93(1), 1-25. https://doi.org/10.1086/261284

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