Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97462
Authors: 
Hartwick, John
Year of Publication: 
2013
Series/Report no.: 
Queen's Economics Department Working Paper 1306
Abstract: 
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 signi.cantly 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.
Subjects: 
exhaustible resource extraction
deposit quality
linear market
JEL: 
D49
Q31
D21
Document Type: 
Working Paper

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