Petroleum Exploration and Production Rights ePub (Adobe DRM) download by Tordo Silvana

Petroleum Exploration and Production Rights

World Bank Publications
Publication date: January 2010
ISBN: 9780821381687
Digital Book format: ePub (Adobe DRM)

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Governments often pursue a variety of economic, social and political objectives through their allocation policies that go beyond the maximization of the net present value of the economic rent. The optimal allocation policy depends on a range of country specific and exogenous factors. Despite the variety of factors influencing optimal design, most countries use similar solutions. In particular, when auctions or administrative procedures are used, most governments opt for simple simultaneous multi-object sealed-bid rounds. While this may appear to be paradoxical, there is a practical explanation. It is true that more complex bidding forms might increase rent capture at bidding. However, the potential marginal gain is often limited, owing to most E&P projects' high level of uncertainty and risk. In addition market mechanisms, such as joint bidding and secondary markets, and the fiscal regime are widely used in the petroleum sector to correct inefficiency at the time of allocation.
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Petroleum Exploration and Production Rights PDF (Adobe DRM) download by Tordo Silvana
World Bank Publications, November 2009
ISBN: 9780821381687
EAN:  9780821381687
PDF (Adobe DRM)
List Price: $15.00 eBook price: $12.99
Petroleum Exploration and Production Rights ePub (Adobe DRM) download by Tordo Silvana
World Bank Publications, January 2010
ISBN: 9780821381687
EAN:  2370003476859
ePub (Adobe DRM)
List Price: $9.99 eBook price: $8.99