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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

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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.

Metadaten
Titel
Comments on the Papers by Butlin, Heal, Kay and Mirrlees
verfasst von
Peter Simmons
Copyright-Jahr
1975
Verlag
Macmillan Education UK
DOI
https://doi.org/10.1007/978-1-349-15577-4_10