Lecture
Resource Depletion: Implications of Hotelling's Rule
Description
This lecture discusses the implications of Hotelling's rule in the context of resource depletion. It covers the distribution of multinational firms' sales and employment, the curse of natural resources, types of natural resources, optimal resource depletion, and the caveats of Hotelling's rule. The lecture emphasizes the importance of sustainable resource management and the economic factors influencing resource extraction.
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