Risk and the rate of return on arctic natural gas: An illustrative analysis
Edited book (chapter)
Chapter Title | Risk and the rate of return on arctic natural gas: An illustrative analysis |
---|---|
Book Chapter Category | Edited book (chapter) |
ERA Publisher ID | 3337 |
Book Title | Risk and the Political Economy of Resource Development |
Authors | Watkins, G. Campbell, Kirkby, R. G. and Lawrey, Roger |
Editors | Pearce, David W., Siebert, Horst and Walter, Ingo |
Page Range | 87-109 |
Chapter Number | 6 |
Number of Pages | 23 |
Year | 1984 |
Publisher | Springer |
Place of Publication | United Kingdom |
ISBN | 9781349069804 |
9780333361917 | |
Digital Object Identifier (DOI) | https://doi.org/10.1007/978-1-349-06980-4_6 |
Web Address (URL) | https://link.springer.com/chapter/10.1007/978-1-349-06980-4_6 |
Abstract | ‘Megaprojects’, as the name implies, have a discernible impact on a national economy and an even greater impact on the economy of the region in which they are located. Once embarked upon, they are not easy to curtail or abandon, acquiring a momentum of their own and the support of what become vested interests. The potential for dislocation associated with megaprojects accentuates the need for careful evaluation of their sensitivity to changes in underlying circumstances. More specifically, evaluating downside risk is crucial, since any financing assumes special significance. Moreover, if such projects run into difficulties, their size will tend to attract government action, thereby translating what might have been solely private risk into social risk as well. |
Keywords | Capital Cost; Exploration Cost; Estimate Capital Cost; Assumed Probability Distribution; Shrinkage Cost |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | University of Calgary, Canada |
DataMetrics Limited, Canada | |
School of Business |
https://research.usq.edu.au/item/w4605/risk-and-the-rate-of-return-on-arctic-natural-gas-an-illustrative-analysis
34
total views0
total downloads6
views this month0
downloads this month