Arbeitspapier

Natural resource rents: Theoretical clarification

The concept of natural resource rents is much used in the natural resource economics literature. It is therefore somewhat surprising that in this same literature it is difficult to find a clear definition of the concept. Possibly as a result, the concept is often loosely employed and in some texts it appears to be taken to be virtually synonymous with profits. The paper provides a definition of the concept of natural resource rents that is both unambiguous and in conformance with the more traditional concept of economic. A general expression for natural resource rents is derived as a function of the resource stock level, the rate of resource use and, its properties explored.

Sprache
Englisch

Erschienen in
Series: Working Paper Series ; No. W08:07

Klassifikation
Wirtschaft
Thema
Economic rents
natural resource rents
natural resource rents and profits
Ökonomische Rente
Rohstoffwirtschaft
Ressourcenökonomik
Theorie

Ereignis
Geistige Schöpfung
(wer)
Ragnar Arnason
Ereignis
Veröffentlichung
(wer)
University of Iceland, Institute of Economic Studies (IoES)
(wo)
Reykjavik
(wann)
2008

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Ragnar Arnason
  • University of Iceland, Institute of Economic Studies (IoES)

Entstanden

  • 2008

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