Additional materials: 4th Edition
Perman, Ma, Common, Maddison and McGilvray
NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS
Chapter 15: Non-renewable Resources
hotel.doc (The Hotelling Rule: An illustration using Excel's Solver)
hotel.xls (Spreadsheet for Hotelling rule simulation)
hotext.doc (Further Excel analysis of Hotelling's rule)
hotext.xls (Excel worksheet for further analysis of Hotelling rule)
hmodel.xls (Some more comparative statics)
hmodel.doc Comparative statics: further analysis with Excel
Simualting the impact of extraction costs AND comparing resource depletion programmes under competition and monopoly.
polcos.doc: Information for the Excel simulations