The present paper reviews the literature on the empirical implications of the Hotelling rule and suggests directions for further research in this area.

We investigate a mixed duopoly market where a welfare−maximizing public firm competes against a profit−maximizing private firm, using a linear−city location−then−price model with linear transportation costs. We find that, compared with the results in the purely private duopoly case discussed by Hotelling (1929) and d' Aspremont, Gabszewicz, and Thisse (1979), the condition under which price equ...

Abstract Stochastic frontier models and methods as pioneered by Peter Schmidt in Aigner et al. (J Econom 6:21–37, 1977), Horrace Product Anal 7:257–282, 1996), Amsler 190:280–288, 2016) constitute a rare departure from the usual econometric obsession with for conditional means. They also provided an early stimulus development of quantile regression methods. After brief tutorial on Hotelling tub...