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What Is the Hotelling Principle? Have Resource Prices Behaved as the Principle

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What is the Hotelling Principle? Have resource prices behaved as the principle predicts?


Definitions:

Effectively

In a manner that produces the intended result or a successful outcome, often implying efficiency and competence.

True Random Samples

Sampling methods that ensure every member of a population has an equal chance of being selected.

Computer-Generated Numbers

Numerical data or sequences produced by a computer program or algorithm.

Pre-Read

The act of reviewing or skimming through material before a detailed or focused reading session.

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