2. Working Papers: Recent submissions
Now showing items 202-204 of 209
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Mineral depletion, with special reference to petroleum
(MIT Energy Lab, 1988)Two implications of received theory are (1) mineral net prices rise at the riskless interest rate, and (2) in-ground value is equal to the current net price. Both propositions are false. A correct theory has been joined ... -
Government intervention in production and incentives theory : a review of recent contributions
(MIT Energy Lab, 1987)This paper reviews the recent literature on regulation under asymmetric information. If first develops the conceptual framework and offers a reminder of the techniques used in the field. It then applies the framework ... -
Managerial switching and myopia
(MIT Energy Lab, 1987)
