英语词汇“Hotelling's Theory”的翻译、意思、用法、释义-英汉经管词典

单词	Hotelling's Theory
释义	Hotelling's Theory Definition A theory proposed by Harold Hotelling stating that owners of nonrenewable resources will only produce that resource if it will yield more value than other financial instruments available on the market, such as interest bearing securities and bonds. This assumes such owners are only motivated by profit and that markets are efficient. The theory is used by economists to predict the price of nonrenewable resources like oil, based on prevailing interest rates.
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