@article{Vissing:207748,
      recid = {207748},
      author = {Vissing, Ashley},
      title = {Private Contracts as Regulation: A Study of Private Lease  Negotiations Using the Texas Natural Gas Industry},
      journal = {Agricultural and Resource Economics Review},
      address = {2015-08},
      number = {1203-2016-95589},
      pages = {18},
      year = {2015},
      abstract = {This study explores factors driving tract-level  heterogeneity in the quality of leases executed by property  owners who transfer their mineral rights to firms that  drill for and extract natural gas. The data set consists of  tract-level aggregates of lease terms, our measures of  lease quality, and tract-level census data from the leases.  We find that higher-quality leases are negatively  correlated with higher concentration of minority households  when controlling for census-tract-level characteristics.  Based on the findings, we propose policies to reduce  observed heterogeneity in the quality of leases and,  subsequently, to reduce residents’ exposure to negative  effects of nearby well sites.},
      url = {http://ageconsearch.umn.edu/record/207748},
      doi = {https://doi.org/10.22004/ag.econ.207748},
}