Data/hora: 30/05/2024 15:37:01

Provedor de dados: 	31	
País: 	United States	
Título: 	BUBBLES IN PRICES OF EXHAUSTIBLE RESOURCES	
Autores: 	Jovanovic,   Boyan.	
Data: 	2008-12-16	
Ano: 	2008	
Palavras-chave: 	Wine; Exhaustible resource; Bubble; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy.	
Resumo: 	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, and a positive fraction of the original stock continues to be traded forever. And that may well be happening in the market for high-end Bordeaux wines.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/45830	
Relação: 	American Association of Wine Economists&gt;Working Papers

AAWE Working Paper

32	
Formato: 	31