"Costly Fix addresses core questions about the Alberta oil sands boom that started in the 1990s: Why did this flood of investment pour into the oil sands of northern Alberta? What role has government played with respect to the oil sands rush, and why? Who benefited and who or what has paid the...

We review the issues involved in designing a mechanism for allocating resource rights. We focus on the case of exploration and development rights for oil and gas leases in U.S. federal lands to highlight the tradeoffs at play. The main issues concern the design of the lease contract, the design...

The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale / Ron Gecan, Natalie Tawil and Mark Lasky -- U.S. Shale Gas Development : Production, Infrastructure, and Market Issues / Michael Ratner -- Potential Budgetary Effects of Immediately Opening Most Federal Lands to Oil...

If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition's equilibrium policy distorts trade and it is not time consistent. By adding a market for the right to...

This paper describes an ongoing research project, in which we examine recent trends in bidding for offshore oil and gas leases, and the exploration and development of leases after they are sold. We review empirical findings regarding bidder participation and bidding for the period 1954 through...

"The End of Country is the compelling story about the epic battle for control of one of the richest natural gas deposits the world has ever known: the Marcellus Shale, worth more than one trillion dollars. In a remote northeastern corner of Pennsylvania, an intense conflict begins, pitting the...