Stephen McDonald offers a basic understanding of the goals and practices by which the federal government leases its fossil fuel resources and how these practices affect the economy. Originally published in 1979
1: Introduction; 2: The Legal Basis of Leasing Practice; 3: The Relevant Economics—Economic Rent; 4: The Relevant Economics—Efficient Extraction of Minerals and Environmental Protection; 5: The Manner and Rate of Land Leasing; 6: Alternative Bidding Systems; 7: Production Regulation (Conservation); 8: Environmental Regulation; 9: Conclusions and Recommendations
