On the China Resource Tax Policies of Exhaustible Resources in the Inter-temporal Dynamic Optimization—Coal Industry as an Example

Zhen-yu Guo () and Xiao-ping Wei
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Zhen-yu Guo: China University of Mining and Technology
Xiao-ping Wei: China University of Mining and Technology

A chapter in Proceedings of 2013 4th International Asia Conference on Industrial Engineering and Management Innovation (IEMI2013), 2014, pp 873-887 from Springer

Abstract: Abstract The optimal application of exhaustible resources is the kernel scientific problem in normative theory, and it is key to dynamic optimization in an intergenerational framework. In this paper, a dynamic optimization mining model, which was developed by introducing the resource tax as a key variable, by making a distinction between the situation of price exogenous (perfect competitive market) and situation of price endogenous (inperfect competitive market), and by contrasting profit-based resource tax, quantity-based resource tax and price-based resource tax, was applied in studying how will the resource tax system arrangement impacts the exploitation path, price path and inter-temporal allocation of the exhaustible resources. Then, policy suggestions were given for the resource tax reform of China’s coal industry.

Keywords: Dynamic optimization; Exhaustible resources; Inter-temporal allocation; Resource tax (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40060-5_84

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DOI: 10.1007/978-3-642-40060-5_84

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