| Abstract: | The purpose of this paper is to demonstrate how physical characteristics of deposits and results of past exploration enter future exploration decisions. A proposed decision model is presented that is consistent with a set of primitive probabilistic assumptions associated with deposit size distributions and discoverability. Analysis of optimal field exploration strategy showed the likely firm responses to alternative exploration taxes and effects on the distribution of future discoveries. Examination of the probabilistic elements of the decision model indicates that changes in firm expectations associated with the distribution of deposits cannot be totally offset by changes in economic variables. ?? 1981. |
| Genre: | Article |
| ProdID: | 70012157 |
| Citation Author: | Attanasi, E. D. |
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| Citation End Page: | 112 |
| Citation Issue: | 2 |
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| Citation Language: | English |
| Citation Larger Work Title: | Energy Economics |
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| Citation Number Of Pages: | 8 |
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| Citation Search Results Text: | Exploration decisions and firms in the mineral industries; 1981; Article; Journal; Energy Economics; Attanasi, E. D. |
| Citation Start Page: | 105 |
| Citation Volume: | 3 |
| Citation Year: | 1981 |
| Type: | citation/reference |
| Text: | Exploration decisions and firms in the mineral industries; 1981; Article; Journal; Energy Economics; Attanasi, E. D. |
| URL (THUMBNAIL): | http://pubs.er.usgs.gov/thumbnails/outside_thumb.jpg |
| Date Other: | Thu, 1 Jan 1981 00:00 -0600 |
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