Non-renewable resource extraction under financial incentives to reduce and reverse stock pollution
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jeem.2018.09.007
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lin, William & Spore, Robert L. & Nephew, Edmund A., 1976. "Land reclamation and strip-mined coal production in appalachia," Journal of Environmental Economics and Management, Elsevier, vol. 3(3), pages 236-252, October.
- Graeme J. Doole & Ben White, 2013. "Optimal dynamic regulation of the environmental impact of mining across diverse land types," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(3), pages 304-323, December.
- Fernando M. Aragón & Juan Pablo Rud, 2016. "Polluting Industries and Agricultural Productivity: Evidence from Mining in Ghana," Economic Journal, Royal Economic Society, vol. 126(597), pages 1980-2011, November.
- Graham A. Davis, 2007. "Strike When the Force Is with You: Optimal Stopping with Application to Resource Equilibria," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(2), pages 461-472.
- Davis, Graham A. & Cairns, Robert D., 2017. "The odd notion of “reversible investment”," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 172-180.
- Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
- Falk Ita & Mendelsohn Robert, 1993. "The Economics of Controlling Stock Pollutants: An Efficient Strategy for Greenhouse Gases," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 76-88, July.
- Hoel, Michael & Kverndokk, Snorre, 1996.
"Depletion of fossil fuels and the impacts of global warming,"
Resource and Energy Economics, Elsevier, vol. 18(2), pages 115-136, June.
- Snorre Kverndokk, 1994. "Depletion of Fossil Fuels and the impact of Global Warming," Discussion Papers 107, Statistics Norway, Research Department.
- Li, Qian & Stoeckl, Natalie & King, David & Gyuris, Emma, 2017. "Exploring the impacts of coal mining on host communities in Shanxi, China – using subjective data," Resources Policy, Elsevier, vol. 53(C), pages 125-134.
- Phillips, Carl V. & Zeckhauser, Richard J., 1998. "Restoring Natural Resources with Destination-Driven Costs," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 225-242, November.
- Ulph, Alistair & Ulph, David, 1994. "The Optimal Time Path of a Carbon Tax," Oxford Economic Papers, Oxford University Press, vol. 46(0), pages 857-868, Supplemen.
- Farzin, Y H & Tahvonen, O, 1996. "Global Carbon Cycle and the Optimal Time Path of a Carbon Tax," Oxford Economic Papers, Oxford University Press, vol. 48(4), pages 515-536, October.
- Farzin, Y. H., 1996. "Optimal pricing of environmental and natural resource use with stock externalities," Journal of Public Economics, Elsevier, vol. 62(1-2), pages 31-57, October.
- Ben White & Graeme J. Doole & David J. Pannell & Veronique Florec, 2012.
"Optimal environmental policy design for mine rehabilitation and pollution with a risk of non‐compliance owing to firm insolvency,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(2), pages 280-301, April.
- White, Ben & Doole, Graeme J. & Pannell, David J. & Florec, Veronique, 2012. "Optimal environmental policy design for mine rehabilitation and pollution with a risk of non-compliance owing to firm insolvency," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(2), pages 1-22.
- Burton, Michael & Jasmine Zahedi, Shegufa & White, Ben, 2012. "Public preferences for timeliness and quality of mine site rehabilitation. The case of bauxite mining in Western Australia," Resources Policy, Elsevier, vol. 37(1), pages 1-9.
- Robert Cairns, 2004. "Green Accounting for an Externality, Pollution at a Mine," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 27(4), pages 409-427, April.
- C. G. Plourde, 1972. "A Model of Waste Accumulation and Disposal," Canadian Journal of Economics, Canadian Economics Association, vol. 5(1), pages 119-125, February.
- Alan Randall & Orlen Grunewald & Sue Johnson & Richard Ausness & Angelos Pagoulatos, 1978. "Reclaiming Coal Surface Mines in Central Appalachia: A Case Study of the Benefits and Costs," Land Economics, University of Wisconsin Press, vol. 54(4), pages 472-489.
- Alan Schlottmann & Robert L. Spore, 1976. "Economic Impacts of Surface Mine Reclamation," Land Economics, University of Wisconsin Press, vol. 52(3), pages 265-277.
- Robert D. Cairns & Graham A. Davis, 2015.
"Mineral Depletion and the Rules of Resource Dynamics,"
The Energy Journal, , vol. 36(1_suppl), pages 159-178, June.
- Robert D. Cairns and Graham A. Davis, 2015. "Mineral Depletion and the Rules of Resource Dynamics," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).
- Roan, Philip F. & Martin, Wade E., 1996. "Optimal Production and Reclamation at a Mine Site with an Ecosystem Constraint," Journal of Environmental Economics and Management, Elsevier, vol. 30(2), pages 186-198, March.
- Lucija Muehlenbachs, 2015. "A Dynamic Model Of Cleanup: Estimating Sunk Costs In Oil And Gas Production," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56, pages 155-185, February.
- Forster, Bruce A., 1975. "Optimal pollution control with a nonconstant exponential rate of decay," Journal of Environmental Economics and Management, Elsevier, vol. 2(1), pages 1-6, September.
- Keohane, Nathaniel & Van Roy, Benjamin & Zeckhauser, Richard, 2007. "Managing the quality of a resource with stock and flow controls," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 541-569, April.
- Ben White, 2015. "Do control rights determine the optimal extension of liability to investors? The case of environmental policy for mines," Journal of Regulatory Economics, Springer, vol. 48(1), pages 26-52, August.
- Alan Berger & Case Brown & Carolyn Kousky & Richard Zeckhauser, 2011. "The Challenge of Degraded Environments: How Common Biases Impair Effective Policy," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1423-1433, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dou, Shi-quan & Liu, Jiang-yi & Xiao, Jian-zhong & Pan, Wen, 2020. "Economic feasibility valuing of deep mineral resources based on risk analysis: Songtao manganese ore - China case study," Resources Policy, Elsevier, vol. 66(C).
- Deiana, Claudio & Giua, Ludovica, 2023. "This site is closed! The effect of decommissioning mining waste facilities on mortality in the long run," Journal of Environmental Economics and Management, Elsevier, vol. 119(C).
- Ekaterina Gromova & Anastasiia Zaremba & Nahid Masoudi, 2022. "Reclamation of a Resource Extraction Site Model with Random Components," Mathematics, MDPI, vol. 10(24), pages 1-15, December.
- Aghakazemjourabbaf, Sara & Insley, Margaret, 2021.
"Leaving your tailings behind: Environmental bonds, bankruptcy and waste cleanup,"
Resource and Energy Economics, Elsevier, vol. 65(C).
- Margaret Insley & Sara Aghakazemjourabbaf, 2020. "Leaving your tailings behind: Environmental bonds, bankruptcy and waste cleanup," Working Papers 2002, University of Waterloo, Department of Economics, revised Jun 2020.
- Lappi, Pauli & Lintunen, Jussi, 2021. "From cradle to grave? On optimal nuclear waste disposal," Energy Economics, Elsevier, vol. 103(C).
- Lappi, Pauli, 2020. "A model of optimal extraction and site reclamation," Resource and Energy Economics, Elsevier, vol. 59(C).
- Yang, Peifang & Davis, Graham A., 2021. "Why don't environmental bonds fully cover reclamation costs?," Energy Policy, Elsevier, vol. 152(C).
- Simone Marsiglio & Nahid Masoudi, 2022. "Reclamation of a resource extraction site: A differential game approach," Metroeconomica, Wiley Blackwell, vol. 73(3), pages 770-802, July.
- Huhtala, Anni & Ropponen, Olli, 2020. "Resource and Environmental Policies for the Mining Industry: What Should Governments Do About the Increasing Social and Environmental Risks?," Working Papers 137, VATT Institute for Economic Research.
- Lappi, Pauli, 2020. "On optimal extraction under asymmetric information over reclamation costs," Journal of Economic Dynamics and Control, Elsevier, vol. 119(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lappi, Pauli, 2020. "A model of optimal extraction and site reclamation," Resource and Energy Economics, Elsevier, vol. 59(C).
- Keohane, Nathaniel & Van Roy, Benjamin & Zeckhauser, Richard, 2007. "Managing the quality of a resource with stock and flow controls," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 541-569, April.
- Aghakazemjourabbaf, Sara & Insley, Margaret, 2021.
"Leaving your tailings behind: Environmental bonds, bankruptcy and waste cleanup,"
Resource and Energy Economics, Elsevier, vol. 65(C).
- Margaret Insley & Sara Aghakazemjourabbaf, 2020. "Leaving your tailings behind: Environmental bonds, bankruptcy and waste cleanup," Working Papers 2002, University of Waterloo, Department of Economics, revised Jun 2020.
- Pauli Lappi & Markku Ollikainen, 2019. "Optimal Environmental Policy for a Mine Under Polluting Waste Rocks and Stock Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(1), pages 133-158, May.
- Lappi, Pauli, 2020. "On optimal extraction under asymmetric information over reclamation costs," Journal of Economic Dynamics and Control, Elsevier, vol. 119(C).
- Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2008.
"A dynamic model of food and clean energy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(4), pages 1181-1203, April.
- Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2006. "A Dynamic Model of Food and Clean Energy," IDEI Working Papers 403, Institut d'Économie Industrielle (IDEI), Toulouse.
- Ujjayant Chakravorty & Bertrand Magne & Michel Moreaux, 2008. "A dynamic model of food and clean energy," Post-Print hal-02660216, HAL.
- CHAKRAVORTY Ujjayant & MAGNE Bertrand & MOREAUX Michel, 2006. "A dynamic model of food and clean energy," LERNA Working Papers 06.10.203, LERNA, University of Toulouse.
- Huhtala, Anni & Ropponen, Olli, 2020. "Resource and Environmental Policies for the Mining Industry: What Should Governments Do About the Increasing Social and Environmental Risks?," Working Papers 137, VATT Institute for Economic Research.
- Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2003. "From Coal to Clean Energy : Hotelling with a Limit on the Stock of Externalities," IDEI Working Papers 229, Institut d'Économie Industrielle (IDEI), Toulouse.
- Choiniere, Conrad J., 2000. "Renewable Energy And Greenhouse Gas Mitigation," 2000 Annual meeting, July 30-August 2, Tampa, FL 21813, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Sandal, Leif K. & Steinshamn, Stein Ivar & Grafton, R. Quentin, 2003.
""More is less": the tax effects of ignoring flow externalities,"
Resource and Energy Economics, Elsevier, vol. 25(3), pages 239-254, August.
- Lief K. Sandal & Stein Ivar Steinshamn & R. Quentin Grafton, 2001. ""More is Less": The Tax Effects of Ignoring Flow Externalities," Economics and Environment Network Working Papers 0103, Australian National University, Economics and Environment Network.
- Strand, Jon, 2010. "Optimal fossil-fuel taxation with backstop technologies and tenure risk," Energy Economics, Elsevier, vol. 32(2), pages 418-422, March.
- Christian Beermann, 2015. "Climate Policy and the Intertemporal Supply of Fossil Resources," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62.
- Chakravorty, Ujjayant & Magne, Bertrand & Moreaux, Michel, 2006.
"A Hotelling model with a ceiling on the stock of pollution,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2875-2904, December.
- Chakravorty, Ujjayant & Magné, Bertrand & Moreaux, Michel, 2005. "A Hotelling Model with a Ceiling on the Stock of Pollution," IDEI Working Papers 368, Institut d'Économie Industrielle (IDEI), Toulouse.
- Ujjayant Chakravorty & Bertrand Magne & Michel Moreaux, 2006. "A Hotelling model with a ceiling on the stock of pollution," Post-Print hal-02656864, HAL.
- Amigues, Jean-Pierre & Moreaux, Michel, 2013.
"The atmospheric carbon resilience problem: A theoretical analysis,"
Resource and Energy Economics, Elsevier, vol. 35(4), pages 618-636.
- Amigues, Jean-Pierre & Moreaux, Michel, 2011. "The atmospheric carbon resilience problem : A theoretical analysis," LERNA Working Papers 11.08.342, LERNA, University of Toulouse.
- Prieur, Fabien & Tidball, Mabel & Withagen, Cees, 2013.
"Optimal emission-extraction policy in a world of scarcity and irreversibility,"
Resource and Energy Economics, Elsevier, vol. 35(4), pages 637-658.
- Fabien Prieur & Mabel Tidball & Cees A. Withagen, 2011. "Optimal Emission-Extraction Policy in a World of Scarcity and Irreversibility," CESifo Working Paper Series 3512, CESifo.
- Mabel Tidball, 2011. "Optimal emission-extraction policy in a world of scarcity and irreversibility [Politique optimale d'émission/extraction dans dans un monde de rareté et d’irréversibilité]," Post-Print hal-02807037, HAL.
- Fabien Priuer & Mabel Tidball & Cees Withagen, 2011. "Optimal Emission-Extraction Policy in a World of Scarcity and Irreversibility," OxCarre Working Papers 077, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Kollenbach, Gilbert, 2017. "Unilateral climate Policy and the Green Paradox: Extraction Costs matter," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168245, Verein für Socialpolitik / German Economic Association.
- Rubio, Santiago J. & Escriche, Luisa, 2001.
"Strategic pigouvian taxation, stock externalities and polluting non-renewable resources,"
Journal of Public Economics, Elsevier, vol. 79(2), pages 297-313, February.
- Santiago J. Rubio & Luisa Escriche, 1998. "- Strategic Pigouvian Taxation, Stock Externalities And Polluting Non-Renewable Resources," Working Papers. Serie EC 1998-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Leandri, Marc, 2009.
"The shadow price of assimilative capacity in optimal flow pollution control,"
Ecological Economics, Elsevier, vol. 68(4), pages 1020-1031, February.
- Marc Leandri, 2009. "The shadow price of assimilative capacity in optimal flow pollution control," Post-Print hal-00394092, HAL.
- Sandal, Leif Kristoffer & Steinshamn, Stein Ivar, 2004. "Pollution Decay, Consumer Awareness and Optimal Carbon Taxes," Discussion Papers 2004/7, Norwegian School of Economics, Department of Business and Management Science.
- Nathaniel O. Keohane & Benjamin Van Roy & Richard J. Zeckhauser, 2000. "Controlling Stocks and Flows to Promote Quality: The Environment, With Applications to Physical and Human Capital," NBER Working Papers 7727, National Bureau of Economic Research, Inc.
More about this item
Keywords
Mining; Hotelling; Remediation; Pigouvian taxes; Stock pollution; Financial assurance; CERCLA 108(b); Mining Rehabilitation Fund;All these keywords.
JEL classification:
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:92:y:2018:i:c:p:282-299. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.