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The Pricing of Publically Controlled Natural Resources: A General Equilibrium Approach

Thomas Hertel

No 183957, Staff Papers from Cornell University, Department of Applied Economics and Management

Abstract: This paper outlines a conceptual framework for dealing with non-efficiency objectives in the pricing of publicly controlled natural resources. A general equilibrium model is developed and issues of model specification and solution are discussed. Finally, a numerical example serves to illustrate some of the important economic interactions which the model captures.

Keywords: Environmental Economics and Policy; Land Economics/Use; Public Economics (search for similar items in EconPapers)
Pages: 13
Date: 1982-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudasp:183957

DOI: 10.22004/ag.econ.183957

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