Conference item icon

Conference item

Managing the Exploitation of Natural Assets: lessons for low income countries.

Abstract:

This paper provides an analytic review of the upstream aspects of the exploitation of natural resources: the assignment of ownership rights, taxation, the discovery process, extraction, renewability, and clean-up. It sets these issues within the principal-agent framework. It proposes that the present common system whereby governments sell extraction rights prior to discovery through signature bonuses is likely to be socially costly, since the sale of rights occurs at a stage where irreducible...

Expand abstract

Actions


Access Document


Files:

Authors


Publication date:
2008-10-30
URN:
uuid:fe34ec65-28ed-418d-a64c-7f88e129fc7a
Local pid:
oai:economics.ouls.ox.ac.uk:14312
Language:
English

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP