『“Contemplation of the world's disappearing supplies of minerals, forests, and other exhaustible assets had led to demands for regulation of their exploitation. The feeling that these products are now too cheap for the good of future generations, that they are being selfishly exploited at too rapid a rate, and that in consequence of their excessive cheapness they are being produced and consumed wastefully has given rise to the conservation movement.”

Harold Hotelling (1931)』

１. Introduction
2. The basic Hotelling model of nonrenewable resource scarcity
3. Theoretical extensions of the basic Hotelling model
　3.1. Exploration
　3.2. Capital investment and capacity constraints
　3.3. Ore quality
　3.4. Market imperfections and other factors
4. Empirical analyses
　4.1. Resource prices
　4.2. In situ values
　4.3. Hotelling Valuation Principle
　4.4. Asset arbitrage models
5. Resource scarcity indicators
6. Sustainability and nonrenewable resources
　6.1. Nonrenewable resources and economic growth: A neoclassical approach
　6.2. Critiques of the neoclassical model
　6.3. Nonrenewable resources and national income accounting
7. Conclusion
References