Hotellingrsquos rule using the graphical two-period model


Hotelling’s rule. Using the (graphical) two-period model for a nonrenewable resource, analyze the effects of the following on equilibrium prices and quantities in the market for that resource:

(1) an increase in the interest rate

(2) an increase in second-period population

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Business Economics: Hotellingrsquos rule using the graphical two-period model
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