Green energy paradox: Hotelling’s exhaustible resource and consequences of improving the alternatives

Michael Giberson The “green power paradox” grabs Hotelling by the ankles, turns him upside down, and shakes the change out of his pockets. Harold Hotelling’s classic article, “The Economics of Exhaustible Resources,” observes that the owner of an exhaustible resource stock always is making choices in the shadow of the future. If the owner produces … More Green energy paradox: Hotelling’s exhaustible resource and consequences of improving the alternatives