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Reducing agency problems in incorporated land groups

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Koyama, Samuel Kriss

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Crawford School of Public Policy, The Australian National University
Asia Pacific Press

Abstract

The performance of Incorporated Land Groups in the petroleum sector, which were introduced as a mechanism for revenue distribution among landowners, suggests there are significant principal-agent problems arising from their design and oversight. This paper describes the problems that have arisen and suggests ways in which these agency problems may be reduced.

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Pacific Economic Bulletin, Vol. 19 , No. 1, 2004

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