Declining Exhaustible Resource Rent With Small, Distinct Extractive Firms

Andrei Bazhanov, John Hartwick and Zhen Song

No 1139, Working Paper from Economics Department, Queen's University

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: exhaustible resources; resource rent; competitive extraction (search for similar items in EconPapers)
JEL-codes: D41 Q31 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2007-11
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:1139

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