Federal management of energy and mineral resources on the public lands
Journal Article
·
· Bell J. Econ.; (United States)
This 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. 10 references, 1 table.
- Research Organization:
- Massachusetts Inst. of Tech., Cambridge
- OSTI ID:
- 6437933
- Journal Information:
- Bell J. Econ.; (United States), Journal Name: Bell J. Econ.; (United States) Vol. 11:2; ISSN BJECD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290400* -- Energy Planning & Policy-- Energy Resources
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294000 -- Energy Planning & Policy-- Fossil Fuels
ECONOMICS
ENERGY SOURCES
EXPLORATION
GOVERNMENT POLICIES
LAND USE
MANAGEMENT
MINERAL RESOURCES
PUBLIC LANDS
RESOURCES
290400* -- Energy Planning & Policy-- Energy Resources
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294000 -- Energy Planning & Policy-- Fossil Fuels
ECONOMICS
ENERGY SOURCES
EXPLORATION
GOVERNMENT POLICIES
LAND USE
MANAGEMENT
MINERAL RESOURCES
PUBLIC LANDS
RESOURCES