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Research . 2008
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Natural resource rents: Theoretical clarification

Authors: Ragnar Arnason;

Natural resource rents: Theoretical clarification

Abstract

The concept of natural resource rents is much used in the natural resource economics literature. It is therefore somewhat surprising that in this same literature it is difficult to find a clear definition of the concept. Possibly as a result, the concept is often loosely employed and in some texts it appears to be taken to be virtually synonymous with profits. The paper provides a definition of the concept of natural resource rents that is both unambiguous and in conformance with the more traditional concept of economic. A general expression for natural resource rents is derived as a function of the resource stock level, the rate of resource use and, its properties explored.

Keywords

Rohstoffwirtschaft, Ressourcenökonomik, ddc:330, natural resource rents, Economic rents, natural resource rents and profits, Ökonomische Rente, Theorie

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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