1st Edition

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

By Ilia Murtazashvili, Ennio Piano Copyright 2019
186 Pages 8 B/W Illustrations
by Routledge

186 Pages 8 B/W Illustrations
by Routledge

186 Pages 8 B/W Illustrations
by Routledge

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... Read more

  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

Biography

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.