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User cost in oil production

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dc.contributor.author Adelman, Morris Albert en_US
dc.contributor.author DeSilva, Harindar en_US
dc.contributor.author Koehn, Michael F. en_US
dc.date.accessioned 2009-12-15T23:54:32Z
dc.date.available 2009-12-15T23:54:32Z
dc.date.issued 1990 en_US
dc.identifier 90-020 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/50153
dc.description.abstract The assumption of an initial fixed mineral stock is superfluous and wrong. User cost (resource rent) in mineral production is the present value of expected increases in development cost. It can be measured as the difference between in-ground market value and development cost, or estimated approximately from current development cost. For private or national-income accounting, mineral reserves should be treated as a renewable inventory. Adjustment for change in inventory may increase or decrease the income of a mineral producer, but an increase is more likely. en_US
dc.description.sponsorship Supported by the National Science Foundation. Supported by the Center for Energy Policy Research of the M.I.T. Energy Laboratory. en_US
dc.format.extent 30 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries Working paper (Massachusetts Institute of Technology. Center for Energy Policy Research) ; MIT-CEPR 90-020. en_US
dc.title User cost in oil production en_US
dc.type Working Paper en_US
dc.identifier.oclc 28596123 en_US


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