“Why do rivals always seem to crowd the same space?” This old question—often asked of coffee shops, gas stations, and political parties—has found new relevance far from the world of retail. On the ...

Environment and Development Economics, Vol. 13, No. 6, SPECIAL ISSUE ON SUSTAINABLE DEVELOPMENT (December 2008), pp. 691-717 (27 pages) We analyze a two-sector growth model with directed technical ...

Forbes contributors publish independent expert analyses and insights. I analyze petroleum economics and energy policy. There’s an old, probably apocryphal, story about the aeronautical engineers who ...

So, given Hotelling’s theory of resource extraction, what has happened to gold production since the year 2000? Does the chart reflect geological and cost limits to increasing gold production, even as ...

The following is a guest post from Gregor Macdonald, adapted from his website Gregor.us. One of the reasons that gold retains its competitiveness as a capital-storage unit is the rather slow and ...

Using a theoretical model calibrated for France with a cost-efficiency approach, we study the consequences for the shadow price of carbon when accounting for abatement capital accumulation. We find ...

Hotel workspaces may be the rage in hybrid offices, but many Canadian P&C insurance industry employees say they don’t feel at home in the new digs. Hotelling is a shared workspace model where an ...