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Shadow-prices for Non-renewable Resources
Published online by Cambridge University Press: 24 August 2009
Extract
There are strong arguments for increasing the price which the consumer pays for the use of non-renewable resources. The fact that there are no exact means of determining appropriate prices should not deter society from moving nearer to this objective, particularly in cases where the price paid is likely to increase very steeply when easily-won resources become depleted.
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- Copyright © Foundation for Environmental Conservation 1977