03118nam 2200601 a 450 991022015820332120200520144314.01-282-45121-997866124512180-8330-4865-1(CKB)2550000000005562(EBL)475051(OCoLC)313431788(SSID)ssj0000337627(PQKBManifestationID)11253901(PQKBTitleCode)TC0000337627(PQKBWorkID)10294325(PQKB)11519208(MiAaPQ)EBC475051(EXLCZ)99255000000000556220081215d2008 uy 0engur|n|---|||||txtccrFederal financial incentives to induce early experience producing unconventional liquid fuels /Frank Camm, James T. Bartis, Charles J. BushmanSanta Monica, CA RAND Corp.20081 online resource (97 p.)Technical report ;TR-586-AF/NETLDescription based upon print version of record.0-8330-4510-5 Includes bibliographical references (p. 75-77).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.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 heTechnical report (Rand Corporation) ;TR-586-AF/NETL.Coal liquefactionUnited StatesFederal aid to energy developmentUnited StatesEnergy developmentUnited StatesCoal liquefactionFederal aid to energy developmentEnergy development338.2/324Camm Frank A.1949-924077Bartis James T.1945-904741Bushman Claudia L1103856MiAaPQMiAaPQMiAaPQBOOK9910220158203321Federal financial incentives to induce early experience producing unconventional liquid fuels2876269UNINA