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On Market Structure and the Taxation of Exhaustible Resources:

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  • M. H. I. Dore

Abstract

. The older static theory of the taxation of exhaustible resources is distinguished from the modern theory based on the work of Harold Hotelling Both advocate some form of a profits‐based tax, which is appropriate for conditions of perfect competition. But an oligopolistic market structure has additional quasi‐rents which could be captured through taxation. It is argued that a sales tax will not only capture the rents but also lower the cut‐off grade of the ore mined.

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  • M. H. I. Dore, 1990. "On Market Structure and the Taxation of Exhaustible Resources:," American Journal of Economics and Sociology, Wiley Blackwell, vol. 49(4), pages 459-468, October.
    • Handle: RePEc:bla:ajecsc:v:49:y:1990:i:4:p:459-468
    DOI: 10.1111/j.1536-7150.1990.tb02472.x
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    References listed on IDEAS

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    1. Heaps, Terry & Helliwell, John F., 1985. "The taxation of natural resources," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 1, chapter 8, pages 421-472, Elsevier.
    2. Campbell, H. F. & Lindner, R. K., 1983. "On the optimal resource rent tax," Economics Letters, Elsevier, vol. 13(2-3), pages 263-268.
    3. Conrad, Robert F. & Hool, Bryce, 1981. "Resource taxation with heterogeneous quality and endogenous reserves," Journal of Public Economics, Elsevier, vol. 16(1), pages 17-33, August.
    4. Heaps, Terry, 1985. "The taxation of nonreplenishable natural resources revisited," Journal of Environmental Economics and Management, Elsevier, vol. 12(1), pages 14-27, March.
    5. Burness, H. Stuart, 1976. "On the taxation of nonreplenishable natural resources," Journal of Environmental Economics and Management, Elsevier, vol. 3(4), pages 289-311, December.
    6. Dore, M. H. I. & Harcourt, G. C., 1986. "A note on the taxation of exhaustible resources under oligopoly," Economics Letters, Elsevier, vol. 21(1), pages 81-84.
    7. Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
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