Resource Information Policy and Federal Resource Leasing

Tom K. Lee

Bell Journal of Economics, 1982, vol. 13, issue 2, 561-568

Abstract: An important observation in recent studies of federal resource information policy is that there may be overinvestment in acquiring resource information by the private sector in federal resource leasing. One policy conclusion is that the federal government should provide information about the resource being leased. This article provides conditions under which it pays the government to provide resource information. It also briefly evaluates a policy alternative, namely, the use of a contingent reservation bid scheme to solve the problem of overinvestment in resource information.

Date: 1982
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