Rents in the era of resource scarcity: global payment flows under alternative scenarios

摘要: Resource prices rise when more costly sources need to be exploited. When the world price increases, owners of low-cost receive scarcity rents. The magnitude rents depends on range resource qualities being simultaneously exploited and can represent a substantial transfer wealth those with property rights large stocks high-quality, easily accessible resources. These are bound increase in future along size human population, raised consumption expectations, deployment technologies that depend wider natural resources for their unique properties.