Specific or ad valorem tax for an exhaustible resource?
N.M. Hung and
Economics Letters, 2009, vol. 102, issue 2, 132-134
Not withstanding the equivalence in static framework between an ad-valorem and a specific sale tax, this paper shows in the dynamic Hotelling model for an exhaustible resource that the ad valorem tax is definitely welfare-superior to the specific tax.
Keywords: Taxation; Exhaustible; resources; Welfare (search for similar items in EconPapers)
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