Titlebook: Risk and the Political Economy of Resource Development; David W. Pearce,Horst Siebert,Ingo Walter Book 1984 David W. Pearce, Horst Siebert

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Uncertainty in the Resource Industries: The Special Role of State-owned Enterprisest periods of feast and famine for their owners. In the past hundred years, the owners of such enterprises, government or private, have engaged in unremitting efforts to reduce price fluctuations and stabilise the demand for their output. Some of those efforts have seemed at times to enjoy a certain

bonnet

鋸齒狀

Discussion of Chapters 12 and 13tions of our resource-dependent world: state ownership and some of its shortcomings. On an almost opposite tack, Professor Porter examines the possibilities for privatisation of facilities and resources that are traditionally owned by the state.

expdient

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失敗主義者

鋸齒狀

aspect

Investment in Oil Exploration and Production: The Comparative Influence of Taxation conventional systems of taxation which are not specially designed to capture economic rents. Under conventional systems of taxation when marginal rates reach very high levels the dangers of such distortions and anomalies are further increased.

親屬

Private Resource Development and Public Utilities: Some Hazards of Sleeping with Elephantsic projects, for example, has made them obvious candidates for state ownership, and the more recent expansion of nuclear-based power stations has also given rise to a large role for the state, partly because of perceived radiation risks associated with nuclear power and the view that these risks are better handled by state agencies.

Integrate

Risk and the Rate of Return on Arctic Natural Gas: An Illustrative Analysisunderlying circumstances. More specifically, evaluating downside risk is crucial, since any financing assumes special significance. Moreover, if such projects run into difficulties, their size will tend to attract government action, thereby translating what might have been solely private risk into social risk as well.