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Note on rent-seeking and committees using a proportionate-sharing rule

โœ Scribed by Alan A. Lockard


Publisher
Springer US
Year
2006
Tongue
English
Weight
173 KB
Volume
129
Category
Article
ISSN
0048-5829

No coin nor oath required. For personal study only.


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This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.