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A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production

Author

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  • Paul Hallwood

    (University of Connecticut)

Abstract

This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.

Suggested Citation

  • Paul Hallwood, 2007. "A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production," Working papers 2007-22, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2007-22
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    File URL: https://media.economics.uconn.edu/working/2007-22.pdf
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    Cited by:

    1. Roberto Schaeffer & Alexandre Szklo & Christophe de Gouvello, 2010. "Energy," World Bank Publications - Reports 27849, The World Bank Group.

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    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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