NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Optimal Resource Extraction Contracts Under Threat of Expropriation

Eduardo Engel, Ronald Fischer

NBER Working Paper No. 13742
Issued in January 2008

---- Acknowledgements -----

We thank William Hogan and Federico Struzenegger for proposing this research topic, and Richard Zeckhauser for an insightful discussion of the first version of this paper, presented at the Populism and Natural Resource Workshop held at Harvard in November 2007. We also thank William Nordhaus and workshop participants for comments and suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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