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미채굴된 고갈성 자원의 암묵가치 측정: 캐나다 니켈기업을 대상으로 투입물 거리함수를 적용하여

Measurement of the In Situ Value of Exhaustible Resources: An Input Kistance Function for the Canadian Kickel Company

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한국국제경제학회 (The Korea International Economic Association)|2006.04|국제경제연구 (KUKJE KYUNGJE YONGU)|제12권 제1호|pp. 47-64

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참고문헌

키워드

희소성Scarcity거리함수고갈성자원暗가격Exhaustible ResourceIn Situ ValueDistance Function
주제분류경제학

초록

Abstract

This paper introduces an alternative methodology for estimating the shadow in situ price of nonrenewable resource by employing an input distant function. In comparison with previous estimates, this estimate is valid independently of market power and actual cost minimization. The input distance function is measured with annual data for Inco, a nickel company, over the period 1947-92. The feasibility of the dynamic optimality condition is also checked for the nonrenewable resource. The shadow in situ price of nickel has been slightly increasing over the sample period, but the dynamic optimality condition does not hold. The annual time trend of the in situ price of nickel is compared with its time path obtained by estimating a restricted cost function. The two time paths are on nearly the same track until 1977, but major discrepancies occurred in 1958 and from the late 1970s through 1992.

참고문헌 (29)

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