The taxation of nonreplenishable natural resources revisited
type: Item
instance of: scholarly article
title: The taxation of nonreplenishable natural resources revisited
zbMATH Open document ID: 0609.90023
DOI: 10.1016/0095-0696(85)90013-0
author: Terry Heaps
published in: Journal of Environmental Economics and Management
publication date: 1985-01-01T00:00:00Z
review text: The theory of nonreplenishable resource extraction has been extended to allow for extraction costs which increase as deposits are increasingly depleted. In these cases, profit maximization may result in the cessation of extraction before reserves are totally exhausted. The effect of various taxation policies an optimal extraction patterns in these models are derived. With a few exceptions, the results are that the imposition of a tax will cause operators to extract at faster rates over shorter periods of time and to reduce the total amount of ore extracted. The analysis allows for an output price which increases over time.
Mathematics Subject Classification ID: 91B76
Mathematics Subject Classification ID: 91B62
zbMATH DE Number: 3986991
zbMATH Keywords: nonreplenishable resource extraction
zbMATH Keywords: various taxation policies
zbMATH Keywords: optimal extraction patterns
MaRDI profile type: Publication
full work available at URL: 0095-0696(85)90013-0
OpenAlex ID: W2009827803
description: scientific article; zbMATH DE number 3986991