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Resource extraction under the uncertainty about possible nationalization

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  1. Guest Post: Waxman-Markey: The Devil is in the details
    by John Whitehead in Environmental Economics on 2009-07-08 18:30:00

Citations

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Cited by:

  1. Bazhanov, Andrei V., 2013. "Constant-utility paths in a resource-based economy," Resource and Energy Economics, Elsevier, vol. 35(3), pages 342-355.
  2. Jonathan Thomas & Tim Worrall, 1994. "Foreign Direct Investment and the Risk of Expropriation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(1), pages 81-108.
  3. Kai A. Konrad & Marcel Thum, 2022. "Elusive Effects of Oil and Gas Export Embargoes," Working Papers tax-mpg-rps-2022-05, Max Planck Institute for Tax Law and Public Finance.
  4. Rodriguez Acosta, Mauricio, 2018. "Resource management under endogenous risk of expropriation," Resource and Energy Economics, Elsevier, vol. 52(C), pages 1-17.
  5. Andrade de Sá, Saraly & Daubanes, Julien, 2016. "Limit pricing and the (in)effectiveness of the carbon tax," Journal of Public Economics, Elsevier, vol. 139(C), pages 28-39.
  6. Holland, Stephen P. & Moore, Michael R., 2003. "Cadillac Desert revisited: property rights, public policy, and water-resource depletion," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 131-155, July.
  7. Baisa, Brian & Davis, Lucas W. & Salant, Stephen W. & Wilcox, William, 2010. "The welfare costs of unreliable water service," Journal of Development Economics, Elsevier, vol. 92(1), pages 1-12, May.
  8. Devarajan, Shantayanan & Fisher, Anthony C, 1981. "Hotelling's "Economics of Exhaustible Resources": Fifty Years Later," Journal of Economic Literature, American Economic Association, vol. 19(1), pages 65-73, March.
  9. Nkuiya, Bruno, 2015. "Transboundary pollution game with potential shift in damages," Journal of Environmental Economics and Management, Elsevier, vol. 72(C), pages 1-14.
  10. Yacov Tsur & Amos Zemel, 2016. "The Management of Fragile Resources: A Long Term Perspective," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 639-655, November.
  11. Hochman, Gal & Zilberman, David, 2021. "Optimal environmental taxation in response to an environmentally-unfriendly political challenger," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
  12. Amundsen, Eirik S. & Schob, Ronnie, 1999. "Environmental taxes on exhaustible resources," European Journal of Political Economy, Elsevier, vol. 15(2), pages 311-329, June.
  13. Frederick van der Ploeg, 2018. "Breakthrough Renewables and the Green Paradox," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 74(1), pages 52-70, March.
  14. Konrad, Kai A. & Lommerud, Kjell Erik, 2021. "Effective climate policy needs non-combustion uses for hydrocarbons," Energy Policy, Elsevier, vol. 157(C).
  15. Arezki, Rabah & van der Ploeg, Frederick & Toscani, Frederik, 2019. "The shifting natural wealth of nations: The role of market orientation," Journal of Development Economics, Elsevier, vol. 138(C), pages 228-245.
  16. Bazhanov, Andrei, 2008. "Maximin-optimal sustainable growth in a resource-based imperfect economy," MPRA Paper 16245, University Library of Munich, Germany, revised 13 Jul 2009.
  17. Laurent-Lucchetti, Jérémy & Santugini, Marc, 2012. "Ownership risk and the use of common-pool natural resources," Journal of Environmental Economics and Management, Elsevier, vol. 63(2), pages 242-259.
  18. Tsur Yacov & Zemel Amos, 1995. "Uncertainty and Irreversibility in Groundwater Resource Management," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 149-161, September.
  19. Hans-Werner Sinn, 2007. "Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect: A Note," CESifo Working Paper Series 2083, CESifo.
  20. Dalgic, Engin & Long, Ngo Van, 2006. "Corrupt local governments as resource farmers: The helping hand and the grabbing hand," European Journal of Political Economy, Elsevier, vol. 22(1), pages 115-138, March.
  21. Hans-Werner Sinn, 2008. "Public policies against global warming: a supply side approach," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(4), pages 360-394, August.
  22. Murray C. Kemp & Ngo Van Long, 2009. "Extracting Resource Deposits of Unknown Size: Optimal Order," German Economic Review, Verein für Socialpolitik, vol. 10(4), pages 401-421, November.
  23. van der Ploeg, Frederick & Rohner, Dominic, 2012. "War and natural resource exploitation," European Economic Review, Elsevier, vol. 56(8), pages 1714-1729.
  24. Hans-Werner Sinn, 2007. "Public Policies against Global Warming," NBER Working Papers 13454, National Bureau of Economic Research, Inc.
  25. Fesselmeyer, Eric & Santugini, Marc, 2013. "Strategic exploitation of a common resource under environmental risk," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 125-136.
  26. Ludwig, Markus, 2012. "The Visible Hand: National Oil Companies, Oil Supply and the Ermergence of the Hotelling Rent," Working papers 2012/11, Faculty of Business and Economics - University of Basel.
  27. van der Ploeg, Frederick, 2018. "Political economy of dynamic resource wars," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 765-782.
  28. van der Ploeg, Frederick & Arezki, Rabah & Toscani, Frederik, 2016. "Shifting Frontiers in Global Resource Wealth: The Role of Policies and Institutions," CEPR Discussion Papers 11553, C.E.P.R. Discussion Papers.
  29. repec:elg:eechap:15325_3 is not listed on IDEAS
  30. Kirill Borissov & Mikhail Pakhnin, 2018. "Economic growth and property rights on natural resources," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(2), pages 423-482, March.
  31. Eric W. Bond, 1982. "Uncertainty and the Durability of Machinery," Eastern Economic Journal, Eastern Economic Association, vol. 8(2), pages 121-126, Apr-Jun.
  32. Sudhakar D. Deshmukh & Stanley R. Pliskaf, 1983. "A Martingale Characterization of the Price of a Nonrenewable Resource with Decisions Involving Uncertainty," Discussion Papers 565, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  33. Van Long, Ngo, 2013. "The theory of contests: A unified model and review of the literature," European Journal of Political Economy, Elsevier, vol. 32(C), pages 161-181.
  34. Andrei V. Bazhanov, 2008. "Maximin-optimal sustainable growth with nonrenewable resource and externalities," EERI Research Paper Series EERI_RP_2008_11, Economics and Econometrics Research Institute (EERI), Brussels.
  35. Tsur, Yacov & Zemel, Amos, 1996. "Accounting for global warming risks: Resource management under event uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 20(6-7), pages 1289-1305.
  36. Gérard Gaudet, 2007. "Natural resource economics under the rule of Hotelling," Canadian Journal of Economics, Canadian Economics Association, vol. 40(4), pages 1033-1059, November.
  37. Kirill Borissov & Mikhail Pakhnin, 2018. "Economic growth and property rights on natural resources," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(2), pages 423-482, March.
  38. Saraly Andrade de Sa & Julien Daubanes, 2014. "Limit-Pricing and the (Un)Effectiveness of the Carbon Tax," Working Papers 2014.07, FAERE - French Association of Environmental and Resource Economists.
  39. Di Corato, Luca, 2013. "Profit sharing under the threat of nationalization," Resource and Energy Economics, Elsevier, vol. 35(3), pages 295-315.
  40. van der Ploeg, Frederick & Rezai, Armon, 2020. "The risk of policy tipping and stranded carbon assets," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
  41. Gérard Gaudet & Pierre Lasserre, 2011. "The Efficient Use Of Multiple Sources Of A Nonrenewable Resource Under Supply Cost Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(1), pages 245-258, February.
  42. Tsur, Yacov & Zemel, Amos, 1995. "ON EVENT UNCERTAINTY AND RENEWABLE RESOURCE MANAGEMENT; Proceedings of the 4th Minnesota Padova Conference on Food, Agriculture, and the Environment, September 4-10, 1994, Wayzata, MN," Working Papers 14434, University of Minnesota, Center for International Food and Agricultural Policy.
  43. Robert T. Deacon & Henning Bohn, 2000. "Ownership Risk, Investment, and the Use of Natural Resources," American Economic Review, American Economic Association, vol. 90(3), pages 526-549, June.
  44. Frederick van der Ploeg, 2017. "Rapacious Oil Exploration in face of Regime Switches: Breakthrough Renewable Energy and Dynamic Resource Wars," Development Working Papers 415, Centro Studi Luca d'Agliano, University of Milano.
  45. Tsur, Yacov & Zemel, Amos, 2012. "Dynamic and stochastic analysis of environmental and natural resources," Discussion Papers 120017, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  46. Stähler, Frank & Michaelis, Peter, 1996. "Stock-dependent uncertainty and optimal resource exploitation," Kiel Working Papers 728, Kiel Institute for the World Economy (IfW Kiel).
  47. Rick Van der Ploeg & Armon Rezai, 2018. "Climate Policy and Stranded Carbon Assets: A Financial Perspective," OxCarre Working Papers 206, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  48. Ronnie Schöb, 2003. "The Double Dividend Hypothesis of Environmental Taxes: A Survey," CESifo Working Paper Series 946, CESifo.
  49. Hartwick, John M. & Van Long, Ngo & Tian, Huilan, 2001. "Deforestation and Development in a Small Open Economy," Journal of Environmental Economics and Management, Elsevier, vol. 41(3), pages 235-251, May.
  50. Mohammad Kemal & Ian Lange, 2016. "Changes in Institutional Design, Expropriation Risk and Extraction Path," Working Papers 2016-06, Colorado School of Mines, Division of Economics and Business.
  51. Sudhakar D. Deshmukh & Stanley R. Pliska, 1981. "Optimal Consumption of A Nonrenewable Resource with Stochastic Discoveries and a Random Environment," Discussion Papers 500, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  52. Florian K. Diekert & Emmi Nieminen, 2017. "International Fisheries Agreements with a Shifting Stock," Dynamic Games and Applications, Springer, vol. 7(2), pages 185-211, June.
  53. Tsur, Yacov & Zemel, Amos, 2002. "Endangered Aquifers: Groundwater Management Under Threats Of Catastrophic Events," Discussion Papers 14993, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  54. van der Ploeg, Frederick, 2010. "Aggressive oil extraction and precautionary saving: Coping with volatility," Journal of Public Economics, Elsevier, vol. 94(5-6), pages 421-433, June.
  55. Ngo Van LONG, 2014. "The Green Paradox under Imperfect Substitutability between Clean and Dirty Fuels," Cahiers de recherche 02-2014, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  56. Behrens, Axel, 1989. "Optimal resource extraction under stochastic terms of trade," Kiel Working Papers 395, Kiel Institute for the World Economy (IfW Kiel).
  57. Kai A.Konrad & Stergios Skaperdas, 1997. "Backing up Words with Deeds: Information and punishment in organized crime," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 24, pages 51-63.
  58. Murray C. Kemp & Ngo Van Long, 2009. "Extracting Resource Deposits of Unknown Size: Optimal Order," German Economic Review, Verein für Socialpolitik, vol. 10(4), pages 401-421, November.
  59. Rodriguez Acosta, Mauricio, 2016. "Essays in political economy and resource economic : A macroeconomic approach," Other publications TiSEM 1e39ef1b-43a2-4f95-892c-6, Tilburg University, School of Economics and Management.
  60. Vicknair, David & Tansey, Michael & O'Brien, Thomas E., 2022. "Measuring fossil fuel reserves: A simulation and review of the U.S. Securities and Exchange Commission approach," Resources Policy, Elsevier, vol. 79(C).
  61. Baldursson, Fridrik Mar & von der Fehr, Nils-Henrik M., 2018. "Natural resources and sovereign expropriation," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 580-607.
  62. Merrill, Ryan K. & Orlando, Anthony W., 2020. "Oil at risk: Political violence and accelerated carbon extraction in the Middle East and North Africa," Energy Economics, Elsevier, vol. 92(C).
  63. Salant, Stephen W. & Yu, Xueying, 2016. "Forest loss, monetary compensation, and delayed re-planting: The effects of unpredictable land tenure in China," Journal of Environmental Economics and Management, Elsevier, vol. 78(C), pages 49-66.
  64. Frederick van der Ploeg & Aart de Zeeuw, 2018. "Climate Tipping and Economic Growth: Precautionary Capital and the Price of Carbon," Journal of the European Economic Association, European Economic Association, vol. 16(5), pages 1577-1617.
  65. Yacov Tsur & Amos Zemel, 2017. "Coping with Multiple Catastrophic Threats," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(1), pages 175-196, September.
  66. Katayama, Seiichi & Abe, Fumio, 1998. "Is the monopolist the friend of the conservationist? Two remarks on the Hotelling-Solow paradox," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 493-505, January.
  67. Nkuiya, Bruno, 2020. "Tradeoffs between costly capacity investment and risk of regime shift," Economic Modelling, Elsevier, vol. 91(C), pages 117-127.
  68. Stöver, Jana, 2016. "Green accounting, institutional quality and investment decisions: Macroeconomic implications from an analysis of the oil and mining sector," HWWI Research Papers 171, Hamburg Institute of International Economics (HWWI).
  69. Winter, Ralph A., 2014. "Innovation and the dynamics of global warming," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 124-140.
  70. Just, Richard E. & Netanyahu, Sinaia & Olson, Lars J., 2005. "Depletion of natural resources, technological uncertainty, and the adoption of technological substitutes," Resource and Energy Economics, Elsevier, vol. 27(2), pages 91-108, June.
  71. Konrad, Kai A. & Thum, Marcel, 2023. "Elusive effects of export embargoes for fossil energy resources," Energy Economics, Elsevier, vol. 117(C).
  72. Bård Harstad, 2020. "The Conservation Multiplier," CESifo Working Paper Series 8283, CESifo.
  73. Kirill Borissov & Alexander Surkov, 2012. "Public versus Private Ownership of Exhaustible Resources in Models of Economic Growth with Heterogeneous Consumers," DEGIT Conference Papers c017_046, DEGIT, Dynamics, Economic Growth, and International Trade.
  74. Murray C. Kemp & Ngo Van Long, 2007. "Extracting Several Resource Deposits of Unknown Size: Optimal Order," CIRANO Working Papers 2007s-10, CIRANO.
  75. Ngo Long, 2011. "Dynamic Games in the Economics of Natural Resources: A Survey," Dynamic Games and Applications, Springer, vol. 1(1), pages 115-148, March.
  76. Sudhakar D. Deshmukh & Stanley R. Pliska, 1981. "Natural Energy Resource Decisions and Prices Involving Incertainty," Discussion Papers 499, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  77. Isaksen, Elisabeth Thuestad & Richter, Andries, 2019. "Tragedy, property rights, and the commons: investigating the causal relationship from institutions to ecosystem collapse," LSE Research Online Documents on Economics 90606, London School of Economics and Political Science, LSE Library.
  78. Fishelson, Gideon, 1989. "The Hotelling Model under Uncertainty: A Note," Foerder Institute for Economic Research Working Papers 275472, Tel-Aviv University > Foerder Institute for Economic Research.
  79. Salant, Stephen W., 2016. "What ails the European Union׳s emissions trading system?," Journal of Environmental Economics and Management, Elsevier, vol. 80(C), pages 6-19.
  80. Strand, Jon, 2010. "Optimal fossil-fuel taxation with backstop technologies and tenure risk," Energy Economics, Elsevier, vol. 32(2), pages 418-422, March.
  81. Davis, Graham A., 2001. "The Credibility of a Threat to Nationalize," Journal of Environmental Economics and Management, Elsevier, vol. 42(2), pages 119-139, September.
  82. Hernandez, Ariel, 2021. "SDG-aligned futures and the governance of the transformation to sustainability reconsidering governance perspectives on the futures we aspire to," IDOS Discussion Papers 30/2021, German Institute of Development and Sustainability (IDOS).
  83. Murray C. Kemp & Ngo Van Long, 1979. "The Under‐Exploitation of Natural Resources: A Model with Overlapping Generations," The Economic Record, The Economic Society of Australia, vol. 55(3), pages 214-221, September.
  84. Tsur, Yacov & Zemel, Amos, 2005. "Resource Exploitation, Biodiversity Loss And Ecological Events," Discussion Papers 14981, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  85. Balthrop, Andrew T. & Schnier, Kurt E., 2016. "A regression discontinuity approach to measuring the effectiveness of oil and natural gas regulation to address the common-pool externality," Resource and Energy Economics, Elsevier, vol. 44(C), pages 118-138.
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