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- W2936996814 abstract "[eng] Mining Concessions and Asymmetric Information by Jean-Christophe Poudou and Lionel Thomas . We study a concession contract for exploiting an exhaustible resource when a mining firm has private information about its costs. We show that the traditional balance between revenue and efficiency, which results in a lower level of production than with symmetric information, is not systematic in this contract. This is due to the specific depletion cost of non-renewable resources. [fre] Nous analysons le contrat de concession concernant l'exploitation d'une ressource non renouvelable lorsque l'operateur minier detient une information privee sur ses couts. Nous montrons que l'arbitrage traditionnel rente-efficacite consistant a diminuer la production par rapport au cadre informationnel symetrique n'est pas systematique dans le contrat de concession miniere. Nous demontrons que ce resultat est du a la presence de l'effet de stock caracterisant les ressources non renouvelables. (This abstract was borrowed from another version of this item.)" @default.
- W2936996814 created "2019-04-25" @default.
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- W2936996814 date "2000-01-01" @default.
- W2936996814 modified "2023-09-23" @default.
- W2936996814 title "Concession minière et asymétrie d'information" @default.
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