We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

The need for developing countries to increase their domestic revenue has always been relevant, especially after the COVID-19 pandemic, which weakened their public finances. This paper analyses the dynamic treatment effects of the Extractive Industries Transparency Initiative (EITI)...

Over the years, the over-extraction and unsustainable utilization of natural resources has started to pose a severe environmental risk, necessitating immediate action on issues related to climate change. Therefore, this study examines the relationship between natural resources rent and...