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Rent under the Assumption of Exhaustibility


  • Lewis Cecil Gray


The abstract character of the conception of land as the basis of rent, 466. — Modification of the rent theory according to the possibility of preventing exhaustion, 469. — Effect of the assumption of exhaustion upon the economic intensity of utilization, 471. — Influence of the rate of interest on intensity of utilization, 474. — Influence of prices on intensity of utilization, 477. — Determination of the extensive margin, 480. — The so-called royalty from mines forms a part of economic rent; Ricardo's discussion, 481. — Relation of royalties and rents to prices, 485. — Incidence of taxation under the modified assumptions, 486. — Conclusion, 488.

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  • Lewis Cecil Gray, 1914. "Rent under the Assumption of Exhaustibility," The Quarterly Journal of Economics, Oxford University Press, vol. 28(3), pages 466-489.
  • Handle: RePEc:oup:qjecon:v:28:y:1914:i:3:p:466-489.

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    1. Francisco Correa Restrepo, 2015. "Una revisión analítica sobre el papel de la tierra en la teoría económica de David Ricardo," REVISTA FACULTAD DE CIENCIAS ECONÓMICAS, UNIVERSIDAD MILITAR NUEVA GRANADA, vol. 0(1), pages 103-114, June.
    2. Sweeney, James L., 1993. "Economic theory of depletable resources: An introduction," Handbook of Natural Resource and Energy Economics,in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 17, pages 759-854 Elsevier.
    3. Deaton, Angus & Laroque, Guy, 2003. "A model of commodity prices after Sir Arthur Lewis," Journal of Development Economics, Elsevier, vol. 71(2), pages 289-310, August.
    4. Cairns, Robert D., 1990. "Les ressources non renouvelables : le côté offre," L'Actualité Economique, Société Canadienne de Science Economique, vol. 66(4), pages 444-460, décembre.
    5. Robert D. Cairns and Graham A. Davis, 2015. "Mineral Depletion and the Rules of Resource Dynamics," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).
    6. Gérard Gaudet, 2007. "Natural resource economics under the rule of Hotelling," Canadian Journal of Economics, Canadian Economics Association, vol. 40(4), pages 1033-1059, November.
    7. Kamiar Mohaddes, 2013. "Econometric modelling of world oil supplies: terminal price and the time to depletion," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 37(2), pages 162-193, June.
    8. -, 2011. "Economic Survey of Latin America and the Caribbean 2010-2011: Internacional integration and macroeconomic policy challenges amid global economic turmoil," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1075 edited by Eclac.
    9. Lozada, Gabriel A., 1996. "Existence of equilibria in exhaustible resource industries Nonconvexities and discrete vs. continuous time," Journal of Economic Dynamics and Control, Elsevier, vol. 20(1-3), pages 433-444.
    10. R. García-Rubio & L. Bayón & J. A. Otero & P. M. Suárez & C. Tasis, 2016. "Economic Study of Problems of Depletion of Several Interrelated Non-renewable Resources," Computational Economics, Springer;Society for Computational Economics, vol. 48(3), pages 503-521, October.
    11. Sandmo, Agnar, 2014. "The early history of environmental economics," Discussion Paper Series in Economics 10/2014, Norwegian School of Economics, Department of Economics.
    12. Roel van Veldhuizen & Joep Sonnemans, 2011. "Nonrenewable Resources, Strategic Behavior and the Hotelling Rule: An Experiment," Tinbergen Institute Discussion Papers 11-014/1, Tinbergen Institute.
    13. Robert Cairns, 2001. "Capacity Choice and the Theory of the Mine," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 18(1), pages 129-148, January.

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