Ball, Ray; Bowers, John - In: Australian Journal of Management 8 (1983) 2, pp. 1-14
The proposed tax on economic rents earned from Australian resources investments is examined from the viewpoint of the … economist's neutrality criterion. Proposed by Garnaut and Clunies-Ross (1975, 1977), the Resources Rent Tax is alleged to be … call option on the value created by every individual resources project. By adapting the Black-Scholes (1973) call option …