The Economics of Exhaustible Resources
E26024
The Economics of Exhaustible Resources is a seminal work in environmental and resource economics that develops the theoretical foundations for how societies should optimally use and manage finite natural resources over time.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Hotelling rule | 3 |
| Hotelling's rule | 2 |
| The Economics of Exhaustible Resources canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T203985 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: The Economics of Exhaustible Resources Context triple: [Partha Dasgupta, notableWork, The Economics of Exhaustible Resources]
-
A.
Theory of Games and Economic Behavior
Theory of Games and Economic Behavior is a foundational 1944 book by John von Neumann and Oskar Morgenstern that established game theory as a rigorous mathematical framework for analyzing strategic decision-making in economics.
-
B.
Inequality Reexamined
Inequality Reexamined is a philosophical and economic work by Amartya Sen that critically analyzes traditional views of inequality and justice through his capabilities approach.
-
C.
Nash bargaining solution
The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
-
D.
expected utility theory (with John von Neumann)
Expected utility theory (with John von Neumann) is a foundational framework in economics and decision theory that models how rational agents make choices under uncertainty by maximizing the expected value of a utility function.
-
E.
Rubinstein bargaining model
The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: The Economics of Exhaustible Resources Target entity description: The Economics of Exhaustible Resources is a seminal work in environmental and resource economics that develops the theoretical foundations for how societies should optimally use and manage finite natural resources over time.
-
A.
Theory of Games and Economic Behavior
Theory of Games and Economic Behavior is a foundational 1944 book by John von Neumann and Oskar Morgenstern that established game theory as a rigorous mathematical framework for analyzing strategic decision-making in economics.
-
B.
Inequality Reexamined
Inequality Reexamined is a philosophical and economic work by Amartya Sen that critically analyzes traditional views of inequality and justice through his capabilities approach.
-
C.
Nash bargaining solution
The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
-
D.
expected utility theory (with John von Neumann)
Expected utility theory (with John von Neumann) is a foundational framework in economics and decision theory that models how rational agents make choices under uncertainty by maximizing the expected value of a utility function.
-
E.
Rubinstein bargaining model
The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
- F. None of above. chosen
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
academic monograph
ⓘ
book ⓘ |
| addresses |
conditions for optimal depletion paths
ⓘ
efficiency of resource use over time ⓘ long-run scarcity rents ⓘ policy instruments for managing exhaustible resources ⓘ price paths for nonrenewable resources ⓘ role of discounting in resource use ⓘ |
| appliesTo |
fossil fuels
ⓘ
minerals ⓘ other nonrenewable natural resources ⓘ |
| contribution |
analyzes welfare implications of different extraction policies
ⓘ
develops dynamic models of resource depletion ⓘ formalizes optimal extraction paths for finite resources ⓘ influences policy debates on nonrenewable resource management ⓘ links resource prices to scarcity over time ⓘ provides foundations for modern resource taxation analysis ⓘ |
| describedBy | seminal work in environmental and resource economics ⓘ |
| field |
energy economics
ⓘ
environmental economics ⓘ resource economics ⓘ |
| focusesOn |
finite natural resources
ⓘ
optimal use of depletable resources ⓘ time paths of extraction and prices ⓘ trade-offs between present and future consumption of resources ⓘ |
| genre | economic theory ⓘ |
| hasPerspective |
intertemporal welfare maximization
ⓘ
social planner optimization framework ⓘ |
| impact |
shaped theoretical foundations of resource economics
ⓘ
used as a reference for optimal depletion policy analysis ⓘ widely cited in environmental economics literature ⓘ |
| mainSubject |
The Economics of Exhaustible Resources
self-linksurface differs
ⓘ
surface form:
Hotelling rule
exhaustible resources ⓘ intertemporal resource allocation ⓘ nonrenewable resources ⓘ optimal resource extraction ⓘ resource scarcity ⓘ social welfare maximization ⓘ |
| theoreticalBasisFor |
analysis of conservation policies
ⓘ
analysis of extraction quotas ⓘ analysis of resource taxation ⓘ analysis of royalty schemes ⓘ |
| usesMethod |
dynamic optimization
ⓘ
intertemporal choice models ⓘ mathematical modeling of resource extraction ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The Economics of Exhaustible Resources Description of subject: The Economics of Exhaustible Resources is a seminal work in environmental and resource economics that develops the theoretical foundations for how societies should optimally use and manage finite natural resources over time.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
The Economics of Exhaustible Resources
→
mainSubject
→
The Economics of Exhaustible Resources
self-linksurface differs
ⓘ
this entity surface form:
Hotelling rule
this entity surface form:
Hotelling rule
this entity surface form:
Hotelling rule
subject surface form:
Harold Hotelling
this entity surface form:
Hotelling's rule
subject surface form:
Harold Hotelling
this entity surface form:
Hotelling's rule