Abstract
This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.
Recommended Citation
Hallwood, Paul, "A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production" (2007). Economics Working Papers. 200722.
https://digitalcommons.lib.uconn.edu/econ_wpapers/200722
COinS
