Optimal Excise Taxes in Exhaustible Resource Exploitation and The Intertemporal Externality in the Dynamic Common Property Renewable Resources Problem

John M. Hartwick

No 275161, Queen's Institute for Economic Research Discussion Papers from Queen's University - Department of Economics

Abstract: Optimal Excise Taxes in Exhaustible Resource Exploitation Public authorities are charged with raising Z dollars, in present value, from a competitive industry exploiting an exhaustible resource. We derive Ramsey-type excise tax rules for such a problem. The L.C. Gray case of a single mine is then investigated and also the case of an industry experiencing declining quality of minerals.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 29
Date: 1980-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:queddp:275161

DOI: 10.22004/ag.econ.275161

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