Volume 43, Number 170,
July-September 2012
Energy Resources in Argentina:
Analysis of Income
Marina Recalde
Methodology ( ...continuation )

Using assumption 5 as a starting point, and Marx’s theoretical base, the production price for hydrocarbon products and their market price are defined as:

Equation 1

Equation 1



   pp: production price in deposit j.
Equation 2_1 sum of different costs i in the production process for deposit j.

These are defined as:

Equation 3 (eq. 3)


jexp: exploration costs for deposit j

jext: extraction costs for deposit j

jdev: development costs for deposit j

Símbolo s: normal profit margin

P: market price for the product

pp mg: price of production in marginal deposit

Figure 3: sum of different costs i in the production process for marginal deposits

pp j: price of production in deposit j

q j: production in deposit j

q j/ Q: relative contribution of each deposit

pp ME: average price of production equal to average cost

RD j: differential rent between deposit j and marginal deposit

RD: total rent differential

Published in Mexico, 2012-2017 © D.R. Universidad Nacional Autónoma de México (UNAM).
PROBLEMAS DEL DESARROLLO. REVISTA LATINOAMERICANA DE ECONOMÍA, Volume 49, Number 193, April-June 2018 is a quarterly publication by the Universidad Nacional Autónoma de México, Ciudad Universitaria, Coyoacán, CP 04510, México, D.F. by Instituto de Investigaciones Económicas, Circuito Mario de la Cueva, Ciudad Universitaria, Coyoacán,
CP 04510, México, D.F. Tel (52 55) 56 23 01 05 and (52 55) 56 24 23 39, fax (52 55) 56 23 00 97, www.probdes.iiec.unam.mx, revprode@unam.mx. Journal Editor: Moritz Cruz. Reservation of rights to exclusive use of the title: 04-2012-070613560300-203, ISSN: pending. Person responsible for the latest update of this issue: Minerva García, Circuito Maestro Mario de la Cueva s/n, Ciudad Universitaria, Coyoacán, CP 04510, México D.F., latest update: June 27th, 2018.
The opinions expressed by authors do not necessarily reflect those of the editor of the publication.
Permission to reproduce all or part of the published texts is granted provided the source is cited in full including the web address.
Credits | Contact

The online journal Problemas del Desarrollo. Revista Latinoamericana de Economía corresponds to the printed edition of the same title with ISSN 0301-7036