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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 Enterprisessuccess. The vast changes in the structure of the crude-oil market in 1930–60, for instance, were managed with remarkably few upsets. And until the last decade or two, the stability of the aluminium industry and the sulphur industry were legendary.
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Introduction and Overviewiquefied natural gas, copper or aluminium? Certainly it would be fruitless to define . what the conference meant by a ‘megaproject’. Like many things, they are difficult to describe but readily identified when confronted. None the less, there are some specific features that underlie all the contributions to this volume.
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David W. Pearce, Horst Siebert and Ingo Walter 1984
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Overview: 978-1-349-06980-4
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https://doi.org/10.1007/978-1-349-06980-4development; political economy; research
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Dimensions of Resource Dependence in Exporting CountriesIn considering exporting country dependence on large-scale resource projects, a logical starting-point is with the relevant economic theory. Yet this is difficult to elaborate clearly for reasons associated principally with the particular nature of the subject.
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Optimal Resource TaxationGiven that the policy-maker knows the ‘optimal’ path of extraction of a natural resource, the problem of optimal resource taxation is to raise revenue in a way that minimises the divergences from this path. The issue is simple, but its investigation is a complex matter. Some of the problems arising are taken up in this chapter.
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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.
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