Hotelling's theory, or Hotelling's rule, posits that owners of nonrenewable resources will only produce basic commodities if doing so can yield more than could be earned from available financial ...

Hotelling’s framework is elegant, but it relies on rational actors with linear preferences. MENA’s politics are messier—shaped by historical trauma, tribal affiliations, and asymmetrical power.

A model is introduced for the description of natural resources price paths, which, in contrast to the existing literature, captures non-linear trends by means of a simple trigonometric function. This ...

Hotelling’s law is named after American economist Harold Hotelling who proposed it in his 1929 paper “Stability in competition”. Published - July 26, 2018 12:15 am IST.