Federal Management of Energy and Mineral Resources on the Public Lands
AbstractThis paper develops a model of optimal timing in the exploration and development of mineral deposits. The model is used to analyze Federal public lands mineral resource management systems and to offer some rules for optimal administration within those systems. In particular, it is shown that there are optimal financial terms which, together with an open access policy and strict diligence enforcement, are theoretically capable of producing efficient timing in both exploration and development of mineral deposits on the public lands.
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Bibliographic InfoArticle provided by The RAND Corporation in its journal Bell Journal of Economics.
Volume (Year): 11 (1980)
Issue (Month): 2 (Autumn)
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Web page: http://www.rje.org
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- Lawrence J. White, 2006.
"The Fishery as a Watery Commons: Lessons from the Experiences of Other Public Policy Areas for US Fisheries Policy,"
06-18, New York University, Leonard N. Stern School of Business, Department of Economics.
- White, Lawrence J., 2006. "The Fishery as a Watery Commons: Lessons from the Experiences of Other Public Policy Areas for U.S. Fisheries Policy," Working paper 439, Regulation2point0.
- Iledare, Omowumi O. & Pulsipher, Allan G. & Olatubi, Williams O. & Mesyanzhinov, Dmitry V., 2004. "An empirical analysis of the determinants of high bonus bids for petroleum leases in the U.S. Outer Continental Shelf (OCS)," Energy Economics, Elsevier, vol. 26(2), pages 239-259, March.
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