The Economics of Exhaustible Resources

E26024

academic monograph book

The Economics of Exhaustible Resources is a seminal work in environmental and resource economics that develops the theoretical foundations for how societies should optimally use and manage finite natural resources over time.

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All labels observed (3)

Label	Occurrences
Hotelling rule	3
Hotelling's rule	2
The Economics of Exhaustible Resources canonical	1

How this entity was disambiguated

This entity first appeared as the object of triple T203985 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: The Economics of Exhaustible Resources
Context triple: [Partha Dasgupta, notableWork, The Economics of Exhaustible Resources]

A. Theory of Games and Economic Behavior
Theory of Games and Economic Behavior is a foundational 1944 book by John von Neumann and Oskar Morgenstern that established game theory as a rigorous mathematical framework for analyzing strategic decision-making in economics.
B. Inequality Reexamined
Inequality Reexamined is a philosophical and economic work by Amartya Sen that critically analyzes traditional views of inequality and justice through his capabilities approach.
C. Nash bargaining solution
The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
D. expected utility theory (with John von Neumann)
Expected utility theory (with John von Neumann) is a foundational framework in economics and decision theory that models how rational agents make choices under uncertainty by maximizing the expected value of a utility function.
E. Rubinstein bargaining model
The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: The Economics of Exhaustible Resources
Target entity description: The Economics of Exhaustible Resources is a seminal work in environmental and resource economics that develops the theoretical foundations for how societies should optimally use and manage finite natural resources over time.

A. Theory of Games and Economic Behavior
Theory of Games and Economic Behavior is a foundational 1944 book by John von Neumann and Oskar Morgenstern that established game theory as a rigorous mathematical framework for analyzing strategic decision-making in economics.
B. Inequality Reexamined
Inequality Reexamined is a philosophical and economic work by Amartya Sen that critically analyzes traditional views of inequality and justice through his capabilities approach.
C. Nash bargaining solution
The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
D. expected utility theory (with John von Neumann)
Expected utility theory (with John von Neumann) is a foundational framework in economics and decision theory that models how rational agents make choices under uncertainty by maximizing the expected value of a utility function.
E. Rubinstein bargaining model
The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
F. None of above. chosen

Statements (45)

Predicate	Object
instanceOf	academic monograph ⓘ book ⓘ
addresses	conditions for optimal depletion paths ⓘ efficiency of resource use over time ⓘ long-run scarcity rents ⓘ policy instruments for managing exhaustible resources ⓘ price paths for nonrenewable resources ⓘ role of discounting in resource use ⓘ
appliesTo	fossil fuels ⓘ minerals ⓘ other nonrenewable natural resources ⓘ
contribution	analyzes welfare implications of different extraction policies ⓘ develops dynamic models of resource depletion ⓘ formalizes optimal extraction paths for finite resources ⓘ influences policy debates on nonrenewable resource management ⓘ links resource prices to scarcity over time ⓘ provides foundations for modern resource taxation analysis ⓘ
describedBy	seminal work in environmental and resource economics ⓘ
field	energy economics ⓘ environmental economics ⓘ resource economics ⓘ
focusesOn	finite natural resources ⓘ optimal use of depletable resources ⓘ time paths of extraction and prices ⓘ trade-offs between present and future consumption of resources ⓘ
genre	economic theory ⓘ
hasPerspective	intertemporal welfare maximization ⓘ social planner optimization framework ⓘ
impact	shaped theoretical foundations of resource economics ⓘ used as a reference for optimal depletion policy analysis ⓘ widely cited in environmental economics literature ⓘ
mainSubject	Hotelling rule ⓘ linked to: The Economics of Exhaustible Resources exhaustible resources ⓘ intertemporal resource allocation ⓘ nonrenewable resources ⓘ optimal resource extraction ⓘ resource scarcity ⓘ social welfare maximization ⓘ
theoreticalBasisFor	analysis of conservation policies ⓘ analysis of extraction quotas ⓘ analysis of resource taxation ⓘ analysis of royalty schemes ⓘ
usesMethod	dynamic optimization ⓘ intertemporal choice models ⓘ mathematical modeling of resource extraction ⓘ

How these facts were elicited