Hogan, William. <br/><br/>
The Natural Resources Trap :  Private Investment Without Public Commitment. 

 - 1st ed. 
 - 1 online resource (534 pages) 
 - The MIT Press Series .
 - The MIT Press Series .
<br/><br/>Intro -- Contents -- Contributors -- Preface -- 1 Contracts and Investment in Natural Resources -- I Theoretical Papers -- 2 Petroleum Contracts -- Commentary: Lawrence H. Summers -- 3 Sovereign Theft -- Commentary: Jeromin Zettelmeyer -- 4 A Resource Belief Curse? -- Commentary: George-Marios Angeletos -- 5 Optimal Resource Extraction Contracts under Threat of Expropriation -- 6 Denying the Temptation to GRAB -- 7 Dealing with Expropriations -- Commentary: Erich Muehlegger -- 8 Pricing Expropriation Risk in Natural Resource Contracts -- Commentary: Robert Pindyck -- II Country Cases -- 9 Credibility, Commitment, and Regulation -- Commentary: Jeffrey Frankel -- 10 Hydrocarbon Policy, Shocks, and the Collective Imagination -- Commentary: Fernando Candia Castillo -- 11 Urgency and Betrayal -- Commentary: Louis Wells -- 12 The Political Economy of Oil Contract Renegotiation in Venezuela -- Commentary: Ramón Espinasa -- III Conclusion -- Epilogue -- Appendix -- Index. 
<br/><br/> Experts discuss the contractual instability resulting from commodity price volatility and its effect on private investment and public involvement. 
<br/><br/><label>ISBN: </label>9780262275538 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Natural resources -- Government policy.<br/>Natural resources -- Law and legislation.<br/>Investments, Foreign.<br/>Public-private sector cooperation.
<br/><br/><label>Index Terms--Genre/Form: </label><br/>Electronic books.
<br/><br/><label>LC Class. No.: </label>HC85.N36 2010 
<br/><br/><label>Dewey Class. No.: </label>333.7