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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