An Econometric Analysis of MMS Area-Wide Leasing Versus Tract-Nomination Sales: Does Area-Wide Leasing Result in Lower Government Revenue?
Gelso, Brett R.
2008

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Abstract

In 1983, US Minerals Management Service (MMS) switched from the Lease Nomination sale format to Area-Wide Leasing (AWL). Since a complete econometric analysis of the effects of AWL on government revenue has not been conducted in almost twenty years, the purpose of this study was to determine the effects of AWL on government revenue. Results indicated that AWL reduced government revenue by $1,170 to $1,308 on a per acre basis, which is consistent with the findings in prior literature.

Details

Title An Econometric Analysis of MMS Area-Wide Leasing Versus Tract-Nomination Sales: Does Area-Wide Leasing Result in Lower Government Revenue?
Keywords
Author(s) Gelso, Brett R.
Subject(s)
Issue Date 2008
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.37680
Record Identifier https://ageconsearch.umn.edu/record/37680
PURL Identifier http://purl.umn.edu/37680
Language English
Total Pages 18
Series Statement Selected Paper 431607
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida

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