Article
Efficiency-Inducing Taxation for a Monopolistically Supplied Depletable Resource
Department of Economics, UCSB
(1981)
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.
Keywords
- Depletable resources,
- monopoly,
- optimal taxation
Disciplines
Publication Date
July, 1981
Citation Information
Ted Bergstrom, John Cross and Dick Porter. "Efficiency-Inducing Taxation for a Monopolistically Supplied Depletable Resource" Department of Economics, UCSB Vol. 15 (1981) Available at: http://works.bepress.com/ted_bergstrom/73/