Changing energy prices and economic rents: the case of Western coal
Journal Article
·
· Land Econ.; (United States)
This paper examines various types of economic rents that are generated by changing energy prices and, in the case of Wyoming coal, analyzes how these rents have changed over time. In particular, quasi-rents did accrue to firms producing coal and coal miners, but were dissipated. Monopoly revenues appear to have been received by railroads and state governments. Price discrimination by railroads against coal consumers represents a source of present and future monopoly revenues, while a state severance tax rate that is not linked to likely declines over time in social-impact costs represents another. The analysis highlights some questions that ought to be raised in public policy debates over energy policy. 11 references, 2 figures.
- Research Organization:
- Univ. of Wyoming, Laramie
- OSTI ID:
- 6213910
- Journal Information:
- Land Econ.; (United States), Journal Name: Land Econ.; (United States) Vol. 59:2; ISSN LAECA
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
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015000 -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294001* -- Energy Planning & Policy-- Coal
COAL INDUSTRY
ECONOMIC ANALYSIS
ECONOMICS
FEDERAL REGION VIII
INCOME
INDUSTRY
MONOPOLIES
NORTH AMERICA
PRICES
PUBLIC POLICY
SEVERANCE TAX
TAXES
USA
WYOMING