The Political Economy of Fracking: Private Property, Polycentricity, and the Shale Revolution

Author:   Ilia Murtazashvili ,  Ennio Piano
Publisher:   Taylor & Francis Ltd
ISBN:  

9781138314757


Pages:   172
Publication Date:   04 December 2018
Format:   Hardback
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Our Price $420.00 Quantity:  
Add to Cart

Share |

The Political Economy of Fracking: Private Property, Polycentricity, and the Shale Revolution


Add your own review!

Overview

"Over the past two decades, ""fracking"" has led to a revolution in shale gas production. For some, shale gas promised economic opportunities, cheaper energy bills, and an alternative to coal. For others, shale gas was fool’s gold. Critics contend that the shale boom has occurred in a regulatory Wild West, that the response has been fractured and ineffective, or that the harmful environmental and health consequences exceed the benefits from shale gas production. The Political Economy of Fracking argues that the criticism of the shale revolution has been misplaced. The authors use insights from a diversity of perspectives in political economy to understand why the shale boom occurred, who won in the race for shale, and who was left behind. The book explains how private property rights and entrepreneurs led to the shale boom. It contends that polycentric governance, which encourages a diversity of regulatory responses, is a virtue because it generates knowledge about the most appropriate ways to regulate shale development. Private property rights and political institutions that provide for local self-governance also helped to ensure that the benefits of shale gas production exceeded its costs. The authors make the case for fracking shale gas using evidence from shale-producing countries from around the world, comparing them to those that have fallen behind in the shale race. They show that private property rights and markets have been a source of innovation and dynamism and that a diversity of regulatory responses is appropriate to govern shale gas development. This book is insightful reading for academics and professionals interested in the shale boom, the fracking industry in general, and regulatory policy."

Full Product Details

Author:   Ilia Murtazashvili ,  Ennio Piano
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.453kg
ISBN:  

9781138314757


ISBN 10:   1138314757
Pages:   172
Publication Date:   04 December 2018
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1. Introduction 2. Private property rights, entrepreneurs, and the shale revolution 3. The regulatory response 4.Why regulatory diversity makes sense 5.The consequences of the shale boom 6.Why some states were left behind in the shale boom 7.Why some nations were left behind in the shale boom 8.Conclusion

Reviews

Author Information

Ilia Murtazashvili is Associate Professor of Public Policy at the Graduate School of Public and International Affairs at the University of Pittsburgh, Pennsylvania. Ennio Piano is Ph.D. Candidate in Economics and a Graduate Fellow of the Mercatus Center and F.A. Hayek Program for Advanced Study in Politics, Philosophy, and Economics at George Mason University, Virginia.

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions
Latest Reading Guide

ls

Shopping Cart
Your cart is empty
Shopping cart
Mailing List