Jim Sinner
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Papers by Jim Sinner
the price at which a resource can be sold and its respective extraction
or production costs, including normal returns. Rent is best treated separately from externalities even though a negative externality can be seen as a
reduction in rent realised by another user of the resource. Depending
on their design, rent recovery mechanisms can therefore capture the
value of externalities otherwise unaccounted for.
A slightly revised version of this paper was published as Sinner & Scherzer, The Public Interest in Resource Rent.
the price at which a resource can be sold and its respective extraction
or production costs, including normal returns. Rent is best treated separately from externalities even though a negative externality can be seen as a
reduction in rent realised by another user of the resource. Depending
on their design, rent recovery mechanisms can therefore capture the
value of externalities otherwise unaccounted for.
A slightly revised version of this paper was published as Sinner & Scherzer, The Public Interest in Resource Rent.