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Autor:innen: 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Queen's Economics Department Working Paper No. 1281
Verlag: 
Queen's University, Department of Economics, Kingston (Ontario)
Zusammenfassung: 
Kolstad's (1994) model of intertemporal, competitive supply to a linear market from two distinct exhaustible resource deposits admits two different interior solutions - one with the low cost deposit earning the higher resource rent and the other with the low cost deposit earning the lower resource rent. This latter outcome turns on the initial size of the low cost deposit being significantly larger than the high cost deposit. We infer then that size can trump quality in the determination of the resource rent for a deposit, when geography is explicit.
Schlagwörter: 
exhaustible resource extraction
deposit quality
linear market
JEL: 
D49
Q31
D21
Dokumentart: 
Working Paper

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