Template-Type: ReDIF-Article 1.0
Author-Name:  Robert D. Cairns and John M. Hartwick
Title:  Reconciling Hotelling Resource Models with Hotelling's Accounting Method
Classification-JEL: F0
Volume:  Volume 43
Issue:  Number 5
Year:  2022
Abstract:  In green accounting, it is seldom checked that depreciation must sum to original value. A re-examination of green accounting under this condition finds that, in a non-autonomous program, income should include capital gains. Subtle questions respecting the role and treatment of capital gains are brought to light through six models in exhaustible-resource economics. It is likely that there are sources of non-autonomy when a problem is not optimal or when there are non-priced assetsin practice, always. Accordingly, the questions raised strongly influence accounting method. 
Handle: RePEc:aen:journl:ej43-5-Cairns
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=3880
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