Taxes, compensations and renewable natural resources

• Autores: Juan Miguel Benito Ostolaza, Nuria Osés Eraso
• Localización: XXI Encuentro Economía Pública, 2014, pág. 5
• Idioma: inglés
• Enlaces
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• Resumen

  • We start from a dynamic model of exploitation of renewable natural resources in which extinction is the expected outcome in the long run equilibrium. This pa- per introduces taxes on extraction to achieve a preservation standard. It also dis- cusses how this standard can be achieved using compensations for non-extraction.

    In addition, it proposes combining taxes on extraction and compensations for non-extraction in a self- nancing regulation: tax revenues revert to the natural resource, a lower tax is needed to achieve the preservation standard and the wel- fare of stakeholders is improved.