We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over an interval. We then take up the familiar planning model and isolate the tax...

We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over and interval. We do not work with the planning solution, commonly invoked in...

We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With rapidly declining quality of holding per firm we observe rent declining over an interval. We then take up the familiar planning model and isolate the tax...