Declining Exhaustible Resource Rent with Small, Distinct Extractive Firms

John Hartwick, Andrei Bazhanov and Zhen Song

No 273615, Queen's Economics Department Working Papers from Queen's University - Department of Economics

Abstract: We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over and interval. We do not work with the planning solution, commonly invoked in the study of firms with distinct qualities of stock.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 10
Date: 2007-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:273615

DOI: 10.22004/ag.econ.273615

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