The Extractive Firm’s Cost Spillover Tax for the Extended Hotelling Model

John Hartwick, Andrei Bazhanov and Zhen Song

No 273645, 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 an interval. We then take up the familiar planning model and iso- late the tax required to make decentralized extraction by many distinct, competitive firms replicate the planning solution.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 14
Date: 2007-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:273645

DOI: 10.22004/ag.econ.273645

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