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mining
Erschöpfbare Ressourcen
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non-renewable natural resource
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Engel, Eduardo
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Engel, Eduardo M. R. A.
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Fischer, Ronald D.
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Optimal resource extraction contracts under threat of expropriation
Engel, Eduardo M. R. A.
;
Fischer, Ronald D.
-
2008
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10010264879
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2
Optimal Resource Extraction Contracts Under Threat of Expropriation
Engel, Eduardo
;
Fischer, Ronald
-
Economic Growth Center, Economics Department
-
2008
extraction, royalty,
non-renewable
natural
resource
, present- value-of-revenue auction. JEL classification: Q33, Q34, Q38, H21, H …
Persistent link: https://www.econbiz.de/10005738354
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