Hotelling

He's also the person who explained why both political parties nominate candidates with the same views, something called the Hotelling theorem.

Hidden Order: The Economics of Everyday Life 1996

If we ever get to the point where new oil stops being discovered, then Hotelling kicks in.

A Glimmer of Hope on Oil, Arnold Kling | EconLog | Library of Economics and Liberty 2009

The Hotelling argument is that people will hoard inventories only if they expect the price to increase.

Oil Bubble?, Arnold Kling | EconLog | Library of Economics and Liberty 2009

The model you describe is the Hotelling theory of exhaustible resources.

A Glimmer of Hope on Oil, Arnold Kling | EconLog | Library of Economics and Liberty 2009

So insecure property rights result in producing more oil now, less later, and a price pattern that rises faster than in the Hotelling model.

Friedman Extends Hotelling, Bryan Caplan | EconLog | Library of Economics and Liberty 2009

What I'm saying is the following: Friedman's extensions to Hotelling are sound.

Friedman Extends Hotelling, Bryan Caplan | EconLog | Library of Economics and Liberty 2009

The Hotelling model was among the first to use the calculus of variations, and it would form the foundation for the theory of exhaustible resources in neoclassical economics.

Hotelling, Harold 2009

Harold Hotelling (1895-1973), an American economist, is considered a pioneer in the field of mathematical statistics and economics.

Hotelling, Harold 2009

Hotelling was also very active in promoting the use of statistics education in a wide range of disciplines.

Hotelling, Harold 2009

Allowing the carbon price to increase at the rate of interest year after year following Hotelling and acknowledging that adjustments for new knowledge about performance and risk will have to be accommodated over time will give the policy traction.

Archive 2008-05-01 EliRabett 2008