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Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production

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NBER2026-03-01 更新2026-03-28 收录
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Reallocation of assets across firms can lead to efficiency gains, but it can also lead to distortions via rent-seeking. We examine the link between asset reallocation and rent-seeking enabled by differences in the expected cost of environmental liabilities. Focusing on the US oil and gas industry,

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2026-03-01
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