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dc.contributor.authorBoskovic, Branko
dc.contributor.authorNøstbakken, Linda
dc.date.accessioned2016-04-12T06:25:32Z
dc.date.available2016-04-12T06:25:32Z
dc.date.issued2016-04-12
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/2385158
dc.description.abstractThis paper examines the effect that endangered species regulation has on natural re- source development. Specifically, we use data from competitive auctions to estimate the effect that land-use regulation protecting endangered caribou in the Canadian province of Alberta has on the price producers pay for the right to extract oil. We exploit a re- gression discontinuity design to evaluate how prices differ along regulation boundaries that constrain resource development. The auction format and the regulation discon- tinuity allow use to measure the total cost of the regulation. We find that producers pay 24% less on average for oil leases that are regulated and that the total net present value cost of the regulation exceeds $1.15 billion for leases sold between 2003-2012, all of which is borne by the government. In spite of these costs, the populations of endangered caribou remain in widespread decline.nb_NO
dc.language.isoengnb_NO
dc.relation.ispartofseriesSAM;6/2016
dc.subjectEndangered species regulation, auctions, natural resources, oil.nb_NO
dc.titleThe Cost of Endangered Species Protection: Evidence from Auctions for Natural Resourcesnb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210nb_NO
dc.source.pagenumber48nb_NO


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