This paper analyzes the effect of taxation on the intertemporal allocation of an exhaustible resource. A general framework within which a large variety of taxes can be analyzed is developed and then applied to a number of specific taxes. It is shown that there exists a pattern of taxation which...

A broad range of agriculture-environment interactions can be organized around the concept of agriculture as a producer and consumer of ecosystem services . Viewed as capital assets, ecosystems embody production technologies that are valuable, complex, and often poorly understood. The quantity...