The Economics of Exhaustible Resources

  title={The Economics of Exhaustible Resources},
  author={Harold Hotelling},
  journal={Journal of Political Economy},
  pages={137 - 175}
  • H. Hotelling
  • Published 1 April 1931
  • Economics
  • Journal of Political Economy
The discussion is confined in scope to absolutely irreplaceable assets. Topics include peculiar problems of mineral wealth, free competition, maximum social value and state regulation, monopoly, value of a mine monopoly, retardation of production under monopoly, price effects from cumulated production, and the author's mathematically derived optimum solutions. (PCS) 
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