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Record Nr. |
UNINA9910220158203321 |
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Autore |
Camm Frank A. <1949-> |
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Titolo |
Federal financial incentives to induce early experience producing unconventional liquid fuels / / Frank Camm, James T. Bartis, Charles J. Bushman |
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Pubbl/distr/stampa |
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Santa Monica, CA, : RAND Corp., 2008 |
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ISBN |
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1-282-45121-9 |
9786612451218 |
0-8330-4865-1 |
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Descrizione fisica |
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1 online resource (97 p.) |
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Collana |
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Technical report ; ; TR-586-AF/NETL |
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Altri autori (Persone) |
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BartisJames T. <1945-> |
BushmanClaudia L |
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Disciplina |
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Soggetti |
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Coal liquefaction - United States |
Federal aid to energy development - United States |
Energy development - United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references (p. 75-77). |
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Nota di contenuto |
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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. |
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Sommario/riassunto |
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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 |
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