Data/hora: 13/06/2024 15:11:48

Provedor de dados: | 31
País: | United States
Título: | Hotelling's theory, enhancement, and the taking of the Redwood National Park
Autores: | Berck,   Peter; Bentley,   William R.
Data: | 2008-09-29
Ano: | 1987
Palavras-chave: | Economic aspects; Elasticities; Forest products; National parks.
Resumo: | We estimate a reduced form model of the redwood timber industry that is consistent with Hotelling’s exhaustible resource theory. The consequences for this theory of various assumptions about the elasticity of expectations are derived. The estimated equations are used to test the hypotheses about expectations. We also use these equations to find the amount that owners of redwood not taken for the Redwood National Park benefited from the park’s establishment.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/43662

Relação:

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

CUDARE Working Paper

456

Formato: | 26