Citation
Ga. Davis et Dj. Moore, VALUING MINERAL RESERVES WHEN CAPACITY CONSTRAINS PRODUCTION, Economics letters, 60(1), 1998, pp. 121-125
Citations number
17
Categorie Soggetti
Economics
Journal title
ISSN journal
01651765
Volume
60
Issue
1
Year of publication
1998
Pages
121 - 125
Database
ISI
SICI code
0165-1765(1998)60:1<121:VMRWCC>2.0.ZU;2-M
Abstract
We add a capacity constraint and heterogeneous reserves to the Hotelli
ng Valuation Principle. This produces a more general version of the pr
inciple that is more consistent with empirical valuations, while retai
ning the underlying relationship between net price and reserve value.
(C) 1998 Elsevier Science S.A.