Hotelling's rule
id:
hotelling-s-rule-196-462787
title:
Hotelling's rule
text:
Hotelling's rule defines the net price path as a function of time while maximizing economic rent in the time of fully extracting a non-renewable natural resource. The maximum rent is also known as Hotelling rent or scarcity rent and is the maximum rent that could be obtained while emptying the stock resource. In an efficient exploitation of a non-renewable and non-augmentable resource, the percentage change in net-price per unit of time should equal the discount rate in order to maximise the pre
brand slug:
wiki
category slug:
encyclopedia
description:
Economic theory
original url:
https://en.wikipedia.org/wiki/Hotelling%27s_rule
date created:
date modified:
2023-10-14T13:06:05Z
main entity:
{"identifier":"Q443972","url":"https://www.wikidata.org/entity/Q443972"}
image:
fields total:
13
integrity:
14