Risk and the Political Economy of Resource Development

Front Matter....Pages i-x
Introduction and Overview....Pages 1-7
Front Matter....Pages 9-9
The Economics of Natural Resources Ventures....Pages 11-36
The Management of Conflict in Natural-resource Projects....Pages 37-56
Front Matter....Pages 57-57
Risk and Resource Economics: The State of the Art....Pages 59-73
Risk and Oil Exploration....Pages 75-86
Risk and the Rate of Return on Arctic Natural Gas: An Illustrative Analysis....Pages 87-109
Front Matter....Pages 111-111
Dimensions of Resource Dependence in Exporting Countries....Pages 113-133
Discussion of Chapter 7....Pages 134-136
The Nationalisation of Oil Production, 1918–80....Pages 137-164
Adaptation of Long-term Contracts....Pages 165-168
Investment in Oil Exploration and Production: The Comparative Influence of Taxation....Pages 169-195
Optimal Resource Taxation....Pages 197-204
Front Matter....Pages 205-205
Uncertainty in the Resource Industries: The Special Role of State-owned Enterprises....Pages 207-223
Private Resource Development and Public Utilities: Some Hazards of Sleeping with Elephants....Pages 225-241
Discussion of Chapters 12 and 13....Pages 242-246
Front Matter....Pages 247-247
Project Finance —The Lender’s Perspective....Pages 249-270
Project Financing: The Borrower’s View....Pages 271-291
Front Matter....Pages 293-293
The Importing Country’s Perspective: A Case Study of LNG....Pages 295-310
Discussion of Chapter 16....Pages 311-318
Resource Procurement: A Case Study of US Electric Utilities....Pages 319-337
Front Matter....Pages 293-293
International Common Property Resources....Pages 339-356
Discussion of Chapter 18....Pages 357-363