The answer may surprise you: They ran out of self-control. Psychologists have discovered that self-control is an exhaustible resource. And I don’t mean self-control only in the sense of turning ...

Exporters of exhaustible resources have historically exhibited higher income volatility than other economies, suggesting a heightened role for precautionary savings. This paper uses a parameterized ...

Resources of which a finite quantity is in existence. This means that if we extract this resource at a constant rate, this will cause it to one day run out, ie any mineral resource.

A country with large exhaustible resources such as oil can benefit substantially from them, but the revenues from exploiting these resources can pose challenges. Fiscal policymakers need to decide how ...

Matti Liski, a professor of economics at the Helsinki School of Economics (HSE), will talk about his paper “A theory of exhaustible-resource relationships with asymmetric information”, co-authored ...