Bell, F.W.; Lacombe, D.J.; Ryan, M.P.; May, D.L. - Department of Economics, Florida State University - 1998
The Hotelling Principle states that the unit price of an exhaustible resource less the marginal cost of extracting it will tend to rise over time at a rate of interest equal to the return on comparable capital assets. Using a greatly extended data set and Ordinary Least Squares (OLS) regression...