Bubbles in Prices of Exhaustible Resources
收藏NBER2007-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13320
下载链接
链接失效反馈官方服务：
资源简介：
Aside from the equilibrium that Hotelling (1931) displayed, his model of non-renewable resources also contains a continuum of bubble equilibria. In all the equilibria the price of the resource rises at the rate of interest. In a bubble equilibrium, however, the consumption of the resource peters out
提供机构：
美国国家经济研究局
创建时间：
2007-08-01
