Origins and Consequences of State-Level Variation in Shale Regulation: The Cases of Pennsylvania and New York

Ilia Murtazashvili ()
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Ilia Murtazashvili: University of Pittsburgh

A chapter in Economics of Unconventional Shale Gas Development, 2015, pp 179-201 from Springer

Abstract: Abstract The combination of hydraulic fracturing and horizontal drilling unlocked the economic potential of shale gas in the United States. However, the regulatory response to shale gas has varied substantially. This chapter considers the political economy of Marcellus Shale, focusing on differences in regulatory responses in Pennsylvania and New York. It suggests that the regulatory response in Pennsylvania is “efficient” and that different responses can be explained by features of politics, rather than geography, relative prices, or institutions. The chapter concludes by considering the benefits and costs of federal regulation of fracking. Although states have varied substantially in their response to fracking, decentralized governance of shale gas has many benefits and few discernible costs.

Keywords: Local Government; Institutional Change; Relative Prex; Mineral Land; Resource Curse (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-3-319-11499-6_8

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DOI: 10.1007/978-3-319-11499-6_8

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