Joint Natural Resources and Government Policy: Helium and Natural Gas
A 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.
Volume (Year): 17 (1991)
Issue (Month): 1 (Jan-Mar)
|Contact details of provider:|| Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA|
Phone: (201) 684-7346
Web page: https://www.quinnipiac.edu/eea/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Pindyck, Robert S., 1982. "Jointly produced exhaustible resources," Journal of Environmental Economics and Management, Elsevier, vol. 9(4), pages 291-303, December.
- Dennis Epple & Lester Lave, 1980. "Helium: Investments in the Future," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 617-630, Autumn.
- Liu, Ben-chieh, 1983. "Helium conservation and supply and demand projections in the USA," Energy Economics, Elsevier, vol. 5(1), pages 58-64, January.
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:17:y:1991:i:1:p:80-88. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.