000371881 000__ 03899cam\a2200529Ia\4500 000371881 001__ 371881 000371881 003__ MaCbMITP 000371881 005__ 20220711125617.0 000371881 006__ m\\\\\o\\d\\\\\\\\ 000371881 007__ cr\cn\nnnunnun 000371881 008__ 100719s2010\\\\maua\\\\ob\\\\001\0\eng\d 000371881 020__ $$a9780262275538$$q(electronic bk.) 000371881 020__ $$a0262275538$$q(electronic bk.) 000371881 020__ $$a9780262013796$$q(hbk.) 000371881 020__ $$a0262013797$$q(hbk.) 000371881 0248_ $$a9786612736995 000371881 035__ $$a(OCoLC)648759758$$z(OCoLC)668397797$$z(OCoLC)729017704$$z(OCoLC)748605876$$z(OCoLC)764542486$$z(OCoLC)768694860$$z(OCoLC)798210816$$z(OCoLC)816576705$$z(OCoLC)961557669$$z(OCoLC)962619832$$z(OCoLC)988407443$$z(OCoLC)992024657$$z(OCoLC)1037938336$$z(OCoLC)1038571324$$z(OCoLC)1045528202$$z(OCoLC)1055337299$$z(OCoLC)1061075813$$z(OCoLC)1065105219$$z(OCoLC)1081206779 000371881 035__ $$a(OCoLC-P)648759758 000371881 040__ $$aOCoLC-P$$beng$$epn$$cOCoLC-P 000371881 050_4 $$aHC85$$b.N36 2010eb 000371881 072_7 $$aNAT$$x038000$$2bisacsh 000371881 072_7 $$aBUS$$x099000$$2bisacsh 000371881 072_7 $$aBUS$$x094000$$2bisacsh 000371881 08204 $$a333.7$$222 000371881 24504 $$aThe natural resources trap :$$bprivate investment without public commitment /$$cedited by William Hogan and Federico Sturzenegger. 000371881 260__ $$aCambridge, Mass. :$$bMIT Press,$$cc2010. 000371881 300__ $$a1 online resource (xiv, 519 pages) :$$billustrations 000371881 336__ $$atext$$btxt$$2rdacontent 000371881 337__ $$acomputer$$bc$$2rdamedia 000371881 338__ $$aonline resource$$bcr$$2rdacarrier 000371881 506__ $$aAccess limited to authorized users. 000371881 520__ $$a"This book is important and timely, bringing together some of the world's leading economists. The theory chapters provide new insights and apply new developments in contract theory to the problems of natural resources and credible host country policies. The case studies provide up-to-date illustrations of the difficulties and development of host country policy in Latin America and the UK." Roderick Duncan, Charles Sturt University, Australia "This book is likely to become a standard reference in the area of natural resources and credible host country policies-coming, as it does, with a solid grounding in modern economic theory." Tim Worrall, University of Manchester Volatility in commodity prices has been accompanied by perpetual renegotiation of contracts between private investors in natural resource production and the governments of states with mineral and energy wealth. When prices skyrocket, governments want a larger share of revenues, sometimes to the point of nationalization or expropriation; when prices fall, larger state participation becomes a burden and the private sectoris called back in. Recent and newsworthy changes in the price of oil (which fell from an all-time high of $147 in mid-2008 to $40 by year's end) are notable for their speed and the steepness of their rise and fall, but the up-and-down pattern itself is not unusual. If the unpredictability of commodity prices is so predictable, why do contracts not allow for this with mechanisms that would provide a more stable commercial framework? In The Natural Resources Trap, top scholars address this guestion in terms of both theory and practice. Theoretical contributions range across a number of fields, from contract theory to public finance, and treat topics that include taxation, royalties, and expropriation cycles. Case studies examine experiences in the U.K., Bolivia, Argentina, Venezuela, and other parts of the world. --Book Jacket. 000371881 588__ $$aOCLC-licensed vendor bibliographic record. 000371881 650_0 $$aNatural resources$$xGovernment policy. 000371881 650_0 $$aNatural resources$$xLaw and legislation. 000371881 650_0 $$aInvestments, Foreign. 000371881 650_0 $$aPublic-private sector cooperation. 000371881 653__ $$aECONOMICS/Environmental Economics 000371881 655_0 $$aElectronic books 000371881 7001_ $$aHogan, William W. 000371881 7001_ $$aSturzenegger, Federico. 000371881 852__ $$bebk$$hMIT Press 000371881 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/9780262013796.001.0001$$zOnline Access through The MIT Press Direct 000371881 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf 000371881 909CO $$ooai:library.usi.edu:371881$$pGLOBAL_SET 000371881 980__ $$aBIB 000371881 980__ $$aEBOOK 000371881 982__ $$aEbook 000371881 983__ $$aOnline