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Tests with Lab Experiments of Hotelling’s Rule about Prices of Non-Renewable Resources

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  • Templeton, Scott R.
  • Wood, Daniel H.

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  • Templeton, Scott R. & Wood, Daniel H., 2023. "Tests with Lab Experiments of Hotelling’s Rule about Prices of Non-Renewable Resources," 2023 Annual Meeting, July 23-25, Washington D.C. 335886, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:335886
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    File URL: https://ageconsearch.umn.edu/record/335886/files/26962.pdf
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    References listed on IDEAS

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    1. Huck, Steffen & Normann, Hans-Theo & Oechssler, Jorg, 2004. "Two are few and four are many: number effects in experimental oligopolies," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 435-446, April.
    2. Christiane Baumeister & Lutz Kilian, 2016. "Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still Surprise Us," Journal of Economic Perspectives, American Economic Association, vol. 30(1), pages 139-160, Winter.
    3. Mathias Erlei & Christoph Neumann, 2014. "Price Formation of Exhaustible Resources: An Experimental Investigation of the Hotelling Rule," TUC Working Papers in Economics 0013, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
    4. Schulze, William D., 1974. "The optimal use of non-renewable resources: The theory of extraction," Journal of Environmental Economics and Management, Elsevier, vol. 1(1), pages 53-73, May.
    5. Richard L. Gordon, 1967. "A Reinterpretation of the Pure Theory of Exhaustion," Journal of Political Economy, University of Chicago Press, vol. 75(3), pages 274-274.
    6. A. Colin Cameron & Douglas L. Miller, 2015. "A Practitioner’s Guide to Cluster-Robust Inference," Journal of Human Resources, University of Wisconsin Press, vol. 50(2), pages 317-372.
    7. Smith, Vernon L & Suchanek, Gerry L & Williams, Arlington W, 1988. "Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets," Econometrica, Econometric Society, vol. 56(5), pages 1119-1151, September.
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    Keywords

    Resource/Energy Economics and Policy; Research Methods/Statistical Methods; Institutional and Behavioral Economics;
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