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Published in:
2014 | OriginalPaper | Chapter
On the China Resource Tax Policies of Exhaustible Resources in the Inter-temporal Dynamic Optimization—Coal Industry as an Example
Authors : Zhen-yu Guo, Xiao-ping Wei
Published in: Proceedings of 2013 4th International Asia Conference on Industrial Engineering and Management Innovation (IEMI2013)
Publisher: Springer Berlin Heidelberg
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Abstract
The optimal application of exhaustible resources is the kernel scientific problem in normative theory, and it is key to dynamic optimization in an intergenerational framework. In this paper, a dynamic optimization mining model, which was developed by introducing the resource tax as a key variable, by making a distinction between the situation of price exogenous (perfect competitive market) and situation of price endogenous (inperfect competitive market), and by contrasting profit-based resource tax, quantity-based resource tax and price-based resource tax, was applied in studying how will the resource tax system arrangement impacts the exploitation path, price path and inter-temporal allocation of the exhaustible resources. Then, policy suggestions were given for the resource tax reform of China’s coal industry.