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- W580814234 abstract "The 1959 discovery of oil and gas in the North Sea provides the analyst with an opportunity to observe the design of institutions governing the extraction of natural resources. Three states – the UK, the Netherlands and Norway – all industrialized, constitutional monarchies, faced significant political, economic and technical challenges in managing their new-found resources. All three states shared similar histories and yet designed different institutions to govern the extraction process. The wide variation creates a most-similar systems comparison, lending itself to guided, constructed, qualitative analysis. This analysis shows that regime preferences, domestic demand and international prices are significant variables in explaining the choice of level of state participation in the extraction process. INDEX WORDS: Domestic demand, Europe, Institutional design, Institutions, International prices, Natural gas, Netherland, North Sea, Norway, United Kingdom, Petroleum, Political Economy, Regime preference, Windfall INSTITUTIONAL DESIGN UNDER WINDFALL CONDTITIONS: THE NORTH SEA" @default.
- W580814234 created "2016-06-24" @default.
- W580814234 creator A5079207605 @default.
- W580814234 date "2013-01-01" @default.
- W580814234 modified "2023-09-27" @default.
- W580814234 title "Institutional Design under Windfall Conditions: the North Sea" @default.
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