future exploratory efforts. To shed light on the social desirability of future exploration levels I analyze a past … expansionary period in the U.S. uranium industry. I find exploration levels were smaller than socially efficient during this period … optimal exploration levels by addressing this deviation. …

resources towards exploration. In particular, I argue there is a valid concern that privately optimal levels of industrial … activity will fail to fully capture all potential social gains; these sub-optimal exploration levels are linked to a departure … between the private and social values of exploration information. …

resources towards exploration. In particular, I argue there is a valid concern that privately optimal levels of industrial … activity will fail to fully capture all potential social gains; these sub-optimal exploration levels are linked to a departure … between the private and social values of exploration information. …

resources towards exploration. In particular, I argue there is a valid concern that privately optimal levels of industrial … activity will fail to fully capture all potential social gains; these sub-optimal exploration levels are linked to a departure … between the private and social values of exploration information. -- uranium ; nuclear power ; exploration …