1975 | OriginalPaper | Buchkapitel
Comments on the Papers by Butlin, Heal, Kay and Mirrlees
verfasst von : Peter Simmons
Erschienen in: The Economics of Natural Resource Depletion
Verlag: Macmillan Education UK
Enthalten in: Professional Book Archive
Aktivieren Sie unsere intelligente Suche um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
The preceding three papers have indicated that, with a rather loose use of words, the present use of natural resources involves at least two types of externality:(a)dynamic externalities associated with the effect that current extraction of the resource has on future opportunities; and(b)static externalities arising from the common property nature of several natural resources, e.g. a single oil well with competitive drilling for oil.