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Efficiency-Inducing Taxation for a Monopolistically Supplied Depletable Resource

  • Author(s): Bergstrom, Ted
  • Cross, John
  • Porter, Dick
  • et al.
Abstract

We show that for a depletable resource, if the competitive time path of prices is known, and if the profit function is concave, then there is an easily described time path of taxes and/or subsidies that would induce a monopolist to follow an efficient time path of extraction.

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