Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/189142 
Year of Publication: 
1991
Series/Report no.: 
Queen's Economics Department Working Paper No. 818
Publisher: 
Queen's University, Department of Economics, Kingston (Ontario)
Abstract: 
We consider numerous variations on the theme that stock diminution weighted by marginal rent should be netted from basic NNP to account for economic depreciation of natural stocks. Mineral discoveries, durable exhaustible resources, and mining pollution effects are examined. Capital appreciation from transforming land in virgin forest to land in agriculture is considered. Attention is paid to second best prices.
Document Type: 
Working Paper

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