Government Policy: Targets and Instruments

Chris Rowland and Danny Hann
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Chris Rowland: BZW Securities
Danny Hann: Central Electricity Generating Board

Chapter 2 in The Economics of North Sea Oil Taxation, 1987, pp 4-44 from Palgrave Macmillan

Abstract: Abstract This chapter attempts to discover desirable policy objectives for the North Sea. By predicting the outcome in an unregulated market and comparing it to the outcome where the maximum value added is obtained, we are able to ascertain desirable directions for government policy. We then examine stated government policy intentions and analyse, in the third section of the chapter, the effectiveness of the measures adopted to reach these intentions. Our concern is first, to see if government policy intentions are desirable, and second, to see if government policy functions in a way that improves on the unregulated market.

Keywords: Consumer Surplus; Marginal Benefit; Marginal Revenue; Economic Rent; Organisational Slack (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08717-4_2

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DOI: 10.1007/978-1-349-08717-4_2

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