Extracting information or resource? The Hotelling rule revisited under asymmetric information.

Abstract: A concessionaire has private information on the initial stock of resource. A “virtual Hotelling rule” describes how the resource price evolves over time and how extraction costs are compounded with information costs along the optimal extraction path. Fields which are heterogeneous in terms...

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Publicado en:	RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 2; pp. 311 - 348
Autores principales:	Martimort, David, Pouyet, Jérôme, Ricci, Francesco
Formato:	Artículo
Publicado:	Wiley-Blackwell Summer2018
Materias:	Resource exploitation Concessions (Administrative law) Municipal franchises Mining leases Royalties trading
Acceso en línea:	Ver este registro en EBSCOhost