The version of Hotellings rule given in equation 15.5 requires the net price to grow proportionately at

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The version of Hotelling’s rule given in equation 15.5 requires the net price to grow proportionately at the rate r. Under what circumstances would this imply that the gross price also should grow at the rate r?

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Natural Resource And Environmental Economics

ISBN: 9780321417534

4th Edition

Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray

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Question Posted: Oct 21, 2024 05:03 AM

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The version of Hotellings rule given in equation 15.5 requires the net price to grow proportionately at

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Natural Resource And Environmental Economics

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