1 citations · 1 across the 2 of their papers we have counts for
2 papers
econ.TH2023
A note on the logical inconsistency of the Hotelling Rule: A Revisit from the System's Analysis Perspective
Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner
The "Hotelling rule" (HR) called to be "the fundamental principle of the economics of exhaustible resources" has a logical deficiency which was never paid a sufficient attention to…
econ.GN2022★ 1 cited
Shadow prices and optimal cost in economic applications
Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner
Shadow prices are well understood and are widely used in economic applications. However, there are limits to where shadow prices can be applied assuming their natural interpretatio…