Article Review
Abstract
Policy makers who are often tasked with checking on the rapid swings in the prices of goods have often sought guidance on the associated economics, casual factors, as well as, future trends. This has invariably been undertaken using the prescriptions of Gérard Gaudet (2007). As a result, the article will present the dynamics of the natural resource market in relation to the economic paper titled ‘The economics of exhaustible resources’. Worth noting is that the paper shapes up the entire latter field. This is by offering, therefore, describes the path that can be undertaken by the natural resource extractions that would possibly maximize the stock of the resource available. As a result, the paper laid down the frameworks for the proper functioning of the natural resource markets and also the ways of solving significant issues in the resource market. The paper on hoteling comes out as paramount because it assists the stakeholders and investors in the market in the determination of market prices. They can also adequately capitalize on their return rates.
Firstly, I’m grateful the almighty God for the wellbeing, as well as, good health that was all utterly necessary for the completion of this review. I thank my lecturer (..) for having shared his expertise, encouragement and also guidance in throughout my work. I also take this auspicious moment to offer my gratitude to the faculty members for the support they accorded in the research. I'm utterly thankful to my family and friends for the overwhelming encouragement and attention that I received during this time. Their support enabled me to go through this research work with a lot of ease that was required of it. Lastly, every other colleague who provided his/her valuable insight towards the completion of the paper is highly appreciated.
Work cited
Gaudet, G. (2007). Natural resource economics under the rule of Hotelling. Canadian Journal of Economics/Revue Canadienne D ‘économique, 40(4), 1033-1059. http://dx.doi.org/10.1111/j.1365-2966.2007.00441.x
