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Last edited by Open Library Bot
December 3, 2010 | History

Bubbles in prices of exhaustible resources 1 edition

Bubbles in prices of exhaustible resources
Boyan Jovanovic

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Bubbles in prices of exhaustible resources
Boyan Jovanovic.

Published 2007 by National Bureau of Economic Research in Cambridge, Mass .
Written in English.

About the Book

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 trade forever. And that may well be happening in the market for high-end Bordeaux wines.

Edition Notes

"August 2007"

Includes bibliographical references (p. 20-21).

Also available in PDF from the NBER world wide web site (www.nber.org).

Series
NBER working paper series -- no. 13320., Working paper series (National Bureau of Economic Research) -- working paper no. 13320.

The Physical Object

Pagination
30 p. :
Number of pages
30

ID Numbers

Open Library
OL17635133M
OCLC/WorldCat
168680259

History Created December 10, 2009 · 2 revisions Download catalog record: RDF / JSON

December 3, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page