The Pricing of Publically Controlled Natural Resources: A General Equilibrium Approach
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This paper outlines a conceptual framework for dealing with non-efficiency objectives in the pricing of publicly controlled natural resources. A general equilibrium model is developed and issues of model specification and solution are discussed. Finally, a numerical example serves to illustrate some of the important economic interactions which the model captures.
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1982-07
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Charles H. Dyson School of Applied Economics and Management, Cornell University
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