Exploration Versus Extraction Costs as Determinants of Optimal Mineral‐Rights Leases* Journal Article uri icon

Overview

abstract

  • Leasing agreements concerning the exploitation of mineral deposits on government lands are analyzed with a special emphasis on the distinction between exploration and extraction activities. Results include a demonstration that the conditions for the optimal sharing of exploration costs are closely related to the conditions for the optimal pricing of public goods. Other results include a demonstration of how the sharing of exploration costs relative to the sharing of production costs is affected by asymmetries in information as well as by differences in risk aversion.

publication date

  • September 1, 1982

has restriction

  • closed

Date in CU Experts

  • July 10, 2014 5:34 AM

Full Author List

  • HYDE R; MARKUSEN JR

author count

  • 2

Other Profiles

International Standard Serial Number (ISSN)

  • 0013-0249

Electronic International Standard Serial Number (EISSN)

  • 1475-4932

Additional Document Info

start page

  • 224

end page

  • 234

volume

  • 58

issue

  • 3