10.2190/VGR2-2BVK-NC5F-6YY5 VGR22BVKNC5F6YY5 5 Environmental Concerns and Resource Scarcity: The Case of Coal 159 171 20020509 20020509 20020509 20020509 VGR22BVKNC5F6YY5.pdf http://baywood.metapress.com/link.asp?target=contribution&id=VGR22BVKNC5F6YY5 2 Donald L. Snyder Soumendra Ghosh Department of Economics, Utah State University Department of Economics, New Mexico State University Traditional measures of resource scarcity have primarily been concerned with the extraction and use of a single natural resource. The relationship between the concurrent use of environmental and extractible resources has attracted little attention. In this article, a conceptual measure of resource scarcity under conditions of simultaneous joint use is developed. This measure includes previously derived indices as special cases. An empirical measure of scarcity under conditions of joint use is derived for coal and air using a translog reproducible cost function. Results suggest that existing environmental regulations have effectively increased the scarcity rent of coal in-use.

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