dc.contributor.author | Boskovic, Branko | |
dc.contributor.author | Nøstbakken, Linda | |
dc.date.accessioned | 2016-04-12T06:25:32Z | |
dc.date.available | 2016-04-12T06:25:32Z | |
dc.date.issued | 2016-04-12 | |
dc.identifier.issn | 0804-6824 | |
dc.identifier.uri | http://hdl.handle.net/11250/2385158 | |
dc.description.abstract | This 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.iso | eng | nb_NO |
dc.relation.ispartofseries | SAM;6/2016 | |
dc.subject | Endangered species regulation, auctions, natural resources, oil. | nb_NO |
dc.title | The Cost of Endangered Species Protection: Evidence from Auctions for Natural Resources | nb_NO |
dc.type | Working paper | nb_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210 | nb_NO |
dc.source.pagenumber | 48 | nb_NO |