1.

Record Nr.

UNINA9910220158203321

Autore

Camm Frank A. <1949->

Titolo

Federal financial incentives to induce early experience producing unconventional liquid fuels / / Frank Camm, James T. Bartis, Charles J. Bushman

Pubbl/distr/stampa

Santa Monica, CA, : RAND Corp., 2008

ISBN

1-282-45121-9

9786612451218

0-8330-4865-1

Descrizione fisica

1 online resource (97 p.)

Collana

Technical report ; ; TR-586-AF/NETL

Altri autori (Persone)

BartisJames T. <1945->

BushmanClaudia L

Disciplina

338.2/324

Soggetti

Coal liquefaction - United States

Federal aid to energy development - United States

Energy development - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 75-77).

Nota di contenuto

Introduction -- Designing an effective long-term public-private relationship -- Assessing financial effects under uncertainty --Policy effects with 100-percent equity financing -- Policy effects with debt financing -- Implications for robust financial-incentive packages -- Can formal source selection help the government create an integrated policy? -- Conclusions -- Appendixes: A. Structure of the spreadsheet analysis that implements the cash-flow model -- B. How debt and loan guarantees affect investors and the government.

Sommario/riassunto

The government, as a principal, may seek to induce a private investor, as an agent, to build and operate an unconventional-oil production plant to promote early production experience with such plants. Given this goal,facing significant uncertainty about the future, the government wants to limit the cost to the public treasury of doing this. This report offers an analytic way to design and assess packages of policy instruments that the government can use to achieve its goal. It starts with general principles of the economic theories of contracting and agency. Looking across many alternative futures he