Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/189415
Authors: 
Hartwick, John
Bazhanov, Andrei
Song, Zhen
Year of Publication: 
2007
Series/Report no.: 
Queen's Economics Department Working Paper No. 1139
Abstract: 
We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over and interval. We do not work with the planning solution, commonly invoked in the study of firms with distinct qualities of stock.
Subjects: 
exhaustible resources
resource rent
competitive extraction
JEL: 
Q31
D41
Document Type: 
Working Paper

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