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Adelman's Rule and the Petroleum Firm


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Energy Specializations: Petroleum – Exploration and Production; Petroleum – Markets and Prices for Crude Oil and Products; Petroleum – Policy and Regulation

JEL Codes: Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices, Q35: Hydrocarbon Resources, Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q21: Renewable Resources and Conservation: Demand and Supply; Prices

Keywords: Hotelling's Rule, oil industry, Exhaustible resources, Adelman's Rule, oil field valuation

DOI: 10.5547/ISSN0195-6574-EJ-Vol22-No3-2

Published in Volume22, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.

 

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