Joint Natural Resources and Government Policy: Helium and Natural Gas

A. M. Hughey
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A. M. Hughey: Brooklyn College, CUNY

Eastern Economic Journal, 1991, vol. 17, issue 1, 80-88

Abstract: A model of jointly extracted natural resources is developed to analyze the effects of taxation policies. Under the assumptions of perfectly competitive resource owners and perfect foresight, the intertemporal equilibrium is described and contrasted with the single resource case. The effects of several subsidies on the equilibrium prices, and the extraction and consumption paths of the two resources, are analyzed and applied to the case of helium and natural gas. The jointness of the resources leads to results different from those predicted by the single resource model.

Keywords: Gas; Natural Gas; Natural Resource; Resources (search for similar items in EconPapers)
JEL-codes: Q38 Q48 (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:17:y:1991:i:1:p:80-88

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