Data/hora: 03/06/2024 01:36:06

Provedor de dados: | 31
País: | United States
Título: | Adjusting prices for volume: a test of the Hotelling valuation principle
Autores: | Berck,   Peter.
Data: | 2008-09-29
Ano: | 1988
Palavras-chave: | Natural resources; Prices; Regression analysis.
Resumo: | This paper tests the hypothesis that the net of extraction cost price of a natural resource does not change with volume. The hypothesis is shown to he a consequence of Hotelling’s theory. The tests are performed on equations estimated by a nonparametric regression (ACE), and we show that the usual least squares estimation techniques are not general enough to successfully perform the test. The test rejects the pure form of the Hotelling theory and shows that it is  necessary to adjust sale prices for volume sold.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/43665

Relação:

University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Paper

480

Formato: | 21