Rents in the era of resource scarcity: global payment flows under alternative scenarios.Duchin, Faye.
Levine, Stephen H.
Abstract: Resource prices rise when more costly sources need to be exploited. When the world price increases, owners of low-cost sources receive scarcity rents. The magnitude of the rents depends on the range of resource qualities being simultaneously exploited and can represent a substantial transfer of wealth to those with property righ... read more
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- Original publication
- Duchin, Faye, and Stephen H. Levine. "Rents in the era of resource scarcity: global payment flows under alternative scenarios." Journal of Economic Structures 4, no. 1 (12, 2015): 1-17.