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Joint Natural Resources and Government Policy: Helium and Natural Gas

Author

Listed:
  • A. M. Hughey

    (Brooklyn College, CUNY)

Abstract

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.

Suggested Citation

  • A. M. Hughey, 1991. "Joint Natural Resources and Government Policy: Helium and Natural Gas," Eastern Economic Journal, Eastern Economic Association, vol. 17(1), pages 80-88, Jan-Mar.
  • Handle: RePEc:eej:eeconj:v:17:y:1991:i:1:p:80-88
    as

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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume17/V17N1P80_88.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Partha Dasgupta & Geoffrey Heal & Joseph E. Stiflitx, 1980. "The Taxation of Exhaustible Resources," NBER Working Papers 0436, National Bureau of Economic Research, Inc.
    3. Pindyck, Robert S., 1982. "Jointly produced exhaustible resources," Journal of Environmental Economics and Management, Elsevier, vol. 9(4), pages 291-303, December.
    4. Dennis Epple & Lester Lave, 1980. "Helium: Investments in the Future," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 617-630, Autumn.
    5. Liu, Ben-chieh, 1983. "Helium conservation and supply and demand projections in the USA," Energy Economics, Elsevier, vol. 5(1), pages 58-64, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. 1, 2011. "," Working Papers 11/03, Department of Economics, City University London.
      • 1 & 1 & 1, 2015. "," Working Papers 15/03, Department of Economics, City University London.
      • 1 & 1, 2016. "," Working Papers 14973, Department of Economics, City University London.
      • 1 & 1, 2018. "," Working Papers 18/05, Department of Economics, City University London.
      • 1 & 1, 2011. "," Working Papers 11/04, Department of Economics, City University London.
      • 1 & 1, 2012. "," Working Papers 12/10, Department of Economics, City University London.
      • 1 & 1, 2016. "," Working Papers 16/03, Department of Economics, City University London.
      • 1 & 1, 2012. "," Working Papers 12/01, Department of Economics, City University London.
    2. Olivier Massol & Omer Rifaat, 2016. "Phasing out the U.S. Federal Helium Reserve: Policy insights from a world helium model," Working Papers hal-02475950, HAL.
    3. Massol, Olivier & Rifaat, Omer, 2018. "Phasing out the U.S. Federal Helium Reserve: Policy insights from a world helium model," Resource and Energy Economics, Elsevier, vol. 54(C), pages 186-211.

    More about this item

    Keywords

    Gas; Natural Gas; Natural Resource; Resources;

    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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