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HOTELING RENT

Statistics Directorate    
French Equivalent: Rente naturelle

Definition:
Hoteling rent is the net return realized from the sale of a natural resource under particular conditions of long—term market equilibrium. It is defined as the revenue received minus all marginal costs of resource exploitation, exploration and development including a normal return to fixed capital employed.

Context:
The Hoteling rent is used as a measure of natural resource depletion in environmental accounting.

Source Publication:
Glossary of Environment Statistics, Studies in Methods, Series F, No. 67, United Nations, New York, 1997.

Cross References:
Rent (general)

Statistical Theme: Environmental statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 05, 2003