Patchwork Policies, Spillovers, and the Search for Oil and Gas Academic Article

abstract

• The United States has a complex patchwork of mineral ownership, where rights to oil and gas may be owned by the federal government, state governments, or private agents. I show why the policies imposed by one owner have theoretically ambiguous spillover effects on the drilling and production outcomes of neighboring plots of land. Exploiting a natural experiment in Wyoming with exogenous ownership assignment, I find significant spillovers: federal land close to state land has a lower probability of drilling than federal land far from state land. (JEL H82, L71, P14,Q35, Q38)

authors

• Lewis, Eric

published proceedings

• American Economic Journal Economic Policy

author list (cited authors)

• Lewis, E.

citation count

• 6

complete list of authors

• Lewis, Eric

publication date

• January 2019

publisher

• American Economic Association  Publisher

published in

• American Economic Journal: Economic Policy  Journal

keywords

• 15 Life On Land

Digital Object Identifier (DOI)

• 10.1257/pol.20160373

start page

• 380

end page

• 405

volume

• 11

issue

• 1

URL

• http://dx.doi.org/10.1257/pol.20160373

user-defined tag

• 15 Life on Land