Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2018.07.007 |
Security Bonding in Unconventional Gas Development: Evidence from an Economic Experiment | |
Ancev, Tiho1; Merrett, Danielle2 | |
2018-11-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2018 |
卷号 | 153页码:139-146 |
文章类型 | Article |
语种 | 英语 |
国家 | Australia |
英文摘要 | Recent developments in drilling technology promise significant benefits from extraction of unconventional gas. At the same time, the deployment of this technology creates serious concerns about the negative effects it may have on agriculture and on the environment. This paper applies a behavioural approach to explore possibilities for improved negotiation outcomes between unconventional gas developers and host landowners using economic experiments in the laboratory. The paper specifically focuses on the role that security bond could have in resolving some of the conflicts surrounding unconventional gas development. The empirical findings from the economic experiments show that a security bond deposited by a developer prior to the commencement of the gas extraction can result with improved negotiation outcomes between developers and host landowners. Our findings suggest that the security bond is effective because it mitigates the effects of loss averse behaviour by landowners that do not hold sub-surface extraction rights. |
英文关键词 | Natural resource rent Security bond Unconventional gas Ultimatum game |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000443669200012 |
WOS关键词 | ULTIMATUM GAME ; IMPACTS ; PENNSYLVANIA ; FRACKING ; AVERSION ; SYSTEM |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15608 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Sydney, Sch Econ, Sydney, NSW 2006, Australia; 2.Macquarie Univ, Macquarie Grad Sch Management, MGSM Expt Econ Lab, N Ryde, NSW 2113, Australia |
推荐引用方式 GB/T 7714 | Ancev, Tiho,Merrett, Danielle. Security Bonding in Unconventional Gas Development: Evidence from an Economic Experiment[J]. ECOLOGICAL ECONOMICS,2018,153:139-146. |
APA | Ancev, Tiho,&Merrett, Danielle.(2018).Security Bonding in Unconventional Gas Development: Evidence from an Economic Experiment.ECOLOGICAL ECONOMICS,153,139-146. |
MLA | Ancev, Tiho,et al."Security Bonding in Unconventional Gas Development: Evidence from an Economic Experiment".ECOLOGICAL ECONOMICS 153(2018):139-146. |
条目包含的文件 | 条目无相关文件。 |
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