Joint Natural Resources and Government Policy: Helium and Natural Gas
AbstractA model of jointly extracted natural resources is developed to analyze the effects of taxation policies. Under the assumptions of perfectly competitive resource owners and perfect foresight, the intertemporal equilibrium is described and contrasted with the single resource case. The effects of several subsidies on the equilibrium prices, and the extraction and consumption paths of the two resources, are analyzed and applied to the case of helium and natural gas. The jointness of the resources leads to results different from those predicted by the single resource model.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 17 (1991)
Issue (Month): 1 (Jan-Mar)
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More information through EDIRC
Gas; Natural Gas; Natural Resource; Resources;
Find related papers by JEL classification:
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
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- Dennis Epple & Lester Lave, 1980. "Helium: Investments in the Future," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 617-630, Autumn.
- Solow, Robert M, 1974. "The Economics of Resources or the Resources of Economics," American Economic Review, American Economic Association, vol. 64(2), pages 1-14, May.
- Partha Dasgupta & Geoffrey Heal & Joseph E. Stiflitx, 1980. "The Taxation of Exhaustible Resources," NBER Working Papers 0436, National Bureau of Economic Research, Inc.
- Liu, Ben-chieh, 1983. "Helium conservation and supply and demand projections in the USA," Energy Economics, Elsevier, vol. 5(1), pages 58-64, January.
- Pindyck, Robert S., 1982. "Jointly produced exhaustible resources," Journal of Environmental Economics and Management, Elsevier, vol. 9(4), pages 291-303, December.
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