On Market Structure and the Taxation of Exhaustible Resources

M. H. I. Dore

American Journal of Economics and Sociology, 1990, vol. 49, issue 4, 459-468

Abstract: Abstract. The older static theory of the taxation of exhaustible resources is distinguished from the modern theory based on the work of Harold Hotelling Both advocate some form of a profits‐based tax, which is appropriate for conditions of perfect competition. But an oligopolistic market structure has additional quasi‐rents which could be captured through taxation. It is argued that a sales tax will not only capture the rents but also lower the cut‐off grade of the ore mined.

Date: 1990
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