Declining Exhaustible Resource Rent With Small, Distinct Extractive Firms

QED Working Paper Number
1139

We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over and interval. We do not work with the planning solution, commonly invoked in the study of firms with distinct qualities of stock.

Author(s)

Andrei Bazhanov
Zhen Song

JEL Codes

Keywords

exhaustible resources
resource rent
competitive extraction

Working Paper

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