The University of Southampton
University of Southampton Institutional Repository

Depreciation rules and value invariance with extractive firms

Record type: Article

The application of Samuelson's theorem on value invariance to the case of intertemporally optimizing firms is shown to require a judiciously chosen economic depreciation formula which depends on both current stock and current flow variables, in order to prevent the firms from changing their actions in the face of the tax regime. We illustrate by deriving depreciation rules which achieve non-distortingness of actions and value-invariance for resource-extracting firms.

Full text not available from this repository.

Citation

Hartwick, John M., Karp, Larry and Van Long, Ngo (2002) Depreciation rules and value invariance with extractive firms Journal of Economic Dynamics and Control, 26, (1), pp. 99-116. (doi:10.1016/S0165-1889(00)00019-1).

More information

Published date: 2002
Additional Information: JEL classification codes: H25; D92

Identifiers

Local EPrints ID: 39690
URI: http://eprints.soton.ac.uk/id/eprint/39690
ISSN: 0165-1889
PURE UUID: d24c050f-f39e-47d9-9e1b-24ce62da6c47

Catalogue record

Date deposited: 29 Jun 2006
Last modified: 17 Jul 2017 15:36

Export record

Altmetrics

Contributors

Author: John M. Hartwick
Author: Larry Karp
Author: Ngo Van Long

University divisions


Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×