PUBLICATIONS • • • DAVIS • • • [DIVISION OF ECONOMICS AND BUSINESS]

Working Papers:

Davis, G. "Extractive Economics, Growth, and the Poor."

Davis, G. and Schantz, R."Selling Oil Leases: A Long-term Real Options Analysis."

Davis, G. and John Tilton. "Should Developing Countries Renounce Mining? A Perspective on the Debate," October 1, 2002.

Conferences:

The Pitfalls of Real Options: How to Avoid Poor Management Decisions Midwest Finance Association Meetings, Cleveland, OH, March, 2001

Books:

Davis, G. South African Managed Trade Policy: The Wasting of a Mineral Endowment. Westport: Praeger (1994).

Chapters in Books:

Davis, G., and Tilton, J. “La Maldición de los Recursos Naturales,” in Minería y Desarrollo, Foro en Economía de Minerales, Vol. III, edited by Gustavo Lagos. Santiago: Ediciones Universidad Católica de Chile (2005): 83-103.

Davis, G., and Moore, D. "Valuing Mineral Stocks and Depletion in Green National Income Accounts," in Natural Resource Accounting and Economic Development: Theory and Practice, edited by Charles Perrings and Jeffrey R. Vincent. Cheltenham: Edward Elgar (2003): 105-123. Reprinted from
Environmental and Development Economics 5 (2000): 109-127.

Davis, G. "The Potential for Economic Recovery of Metals from the Sillamäe Site," in Turning a Problem into a Resource: Remediation and Waste Management at the Sillamäe Site, Estonia, edited by Cheryl K. Rofer and Tõnis Kaasik. Dordrecht: Kluwer Academic Publishers (2000), 195-206.

Davis, G. "Project Assessment Methodologies and Measures: The Contribution of Mining Projects to Sustainable Development," in Sustainable Development and the Future of Mineral Investment, edited by James M. Otto and John Cordes. Paris: United Nations Environment Programme (2000), 7.1-7.31.

Davis, G. "A Review of Option Valuation," in Evaluating Mineral Projects: Applications and Misconceptions, by Thomas F. Torries. Littleton, CO: Society for Mining, Metallurgy, and Exploration, Inc. (1998).

Considine, T. J., Davis, G. and Marakovits, D. "Costs and Benefits of Coke Oven Emission Controls," in Modeling Environmental Policy, edited by Wade E. Martin and Lisa A. McDonald. Boston: Kluwer Academic Publishers (1997), 103-22.

Davis, G. "The Declining Influence of Economic Growth on Metal Demand," in Productivity and Technology in the Metallurgical Industries, edited by M. Koch and J. C. Taylor. Warrendale: The Minerals, Metals, and Materials Society (1989), 159-86.

Refereed Articles:

Bertisen, J., and Davis, G. A. “Bias and Error in Mine Project Capital Cost Estimation.” Engineering Economist 52.2 (2008): 118 – 139.

Davis, G. "Measuring Unambiguously Pro-poor Growth." Journal of Economic and Social Measurement 32.4 (2007) : 253-61.

Cairns, R., and Davis, G. "Strike When the Force Is with You: Optimal Stopping with Application to Resource Equilibria." American Journal of Agricultural Economics 89.2 (2007) : 461-72.

Davis, G., Samis, M. "Using Real Options to Value and Manage Exploration," in Wealth Creation in the Minerals Industry: Integrating Science, Business, and Education, edited by Michael D. Doggett and John R. Parry. Littleton, CO: Special Publication Number 12, Society of Economic Geologists (2006): 273-294.

Samis, M., Davis, G., Laughton, D., Poulin,R. "Valuing Uncertain Asset Cash Flows When There are No Options: A Real Options Approach." Resources Policy 30 (2006): 285-298.

Davis, G., and Tilton, J. "The Resource Curse."Natural Resources Forum 29 (2005): 233-242.

Davis, G., and Owens, B."Optimizing the Level of Renewable Electric R&D Expenditures Using Real Options Analysis." Energy Policy 31.15 (2003): 1589-1608.

Davis, G. "The Impact of Volatility on Firms Holding Growth Options." Engineering Economist 47.2 (2002): 213-231

Cairns, R., and Davis, G. "Adelman’s Rule and the Petroleum Firm." Energy Journal 22.3 (2001): 31-54.

Davis, G. "The Credibility of a Threat to Nationalize." Journal of Environmental Economics and Management 4 (2001): 119-139.

Davis, G., and Moore, D."Valuing Mineral Stocks and Depletion in Green National Income Accounts, " Environment and Development Economics 5 (2000): 109-127.

Davis, G., and Cairns, R. "Valuing Petroleum Reserves using Current Net Price," Economic Inquiry 37.2 (1999): 295-311.

Davis, G. "The Minerals Sector, Sectoral Analysis, and Economic Development." Resources Policy 24.2 (1998): 217-228.

Cairns, R., and Davis, G. "On Using Current Information to Value Hard-rock Mineral Properties." Review of Economics and Statistics LXXX.4 (1998): 658-663.

Davis, G. "Estimating Volatility and Dividend Yield when Valuing Real Options to Invest or Abandon." Quarterly Review of Economics and Finance 38 (special issue) (1998): 725-754.

Davis, G., and Cairns, R. "Simple Analytics of Valuing Producing Petroleum Reserves." Energy Journal 19.4 (1998): 133-42.

Cairns, R., and Davis, G. "Economic Theory and the Valuation of Mineral Reserves." OPEC Review 22.3 (1998): 169-83.

Davis, G., and Moore, D. J. "Valuing Mineral Reserves When Capacity Constrains Production." Economics Letters 60.1 (July 1998): 121-25.

Davis, G. "The Substitution Problem in the Theory of Effective Protection." Review of International Economics 6.2 (May 1998): 307-20.

Davis, G. "One Project, Two Discount Rates." Mining Engineering 50.4 (April 1998): 70-74. Reprinted in Business Valuation Review (March 2001): 18-23.

Underwood, R., and Davis, G. "Control of Buffer Stocks Modeled by Functional Differential Equations," Nonlinear Analysis, Theory, Methods & Applications, 30.2 (1997): 1087 -1097.

Davis, G. "Effect of NAFTA on the Economics of Mineral Production." Mining Engineering September (1997): 57-61.

Davis, G. "Option Premiums in Mineral Asset Pricing: Are They Important?" Land Economics 72.2 (1996): 187-205.

Davis, G. "Using Commodity Price Projections in Mineral Project Valuation." Mining Engineering 48.4 (1996): 67-70.

Davis, G. "Brazil's Comparative Advantage in the Global Economy." Raw Materials Report: Journal of Mineral Policy, Business and Environment 11.4 (1995): 4-10.

Davis, G. "Learning to Love the Dutch Disease: Evidence from the Mineral Economies." World Development 23.10 (1995): 1765-79.

Davis, G. "(Mis)Use of Monte Carlo Simulations in NPV Analysis." Mining Engineering 47.1 (1995): 75-79.

Considine, T., Davis, G., and Marakovits, D. "Technological Change Under Residual Risk Regulation: The Case of Coke Ovens in the U.S. Steel Industry." Environmental and Resource Economics 3 (1993): 437-55.

Davis, G. "Nationalisation of the Mines: Comment." South African Journal of Economics 59.4 (1991): 485-90.

Davis, G. "The Privatization of Electric Utilities: Economic Aspects." South African Journal of Economics 59.2 (1991): 160-72, with "Errata," 59.4 (1991): 516.

Davis, G. "Energy Catastrophes and Energy Consumption." Materials and Society 15.1 (1991): 31-39.

Other Published Articles:

Davis, G., and Tilton, J. "Why the Resource Curse is a Concern." Mining Engineering 60.4 (2008) : 29-32.

Samis, M. R., Davis, G. A., and Laughton, D. G. "Using Stochastic
Discounted Cash Flow and Real Option Monte Carlo Simulation to Analyse
the Impacts of Contingent Taxes on Mining Projects.
" Proceedings of the
Project Evaluation Conference, AusIMM, Melbourne, Australia, June 19 - 20 (2007): 127-37.

Davis, G. A., and Owens, B. "Optimizing the Level of Renewable Electric R&D Expenditures Using Real Options Analysis," National Renewable Energy Laboratory Technical Report NREL/TP-620-31221 (February 2003).

Davis, G. "One Project, Two Discount Rates." Business Valuation Review 20.1 (March 2001): 18-23.

Davis, G. "Discussion of 'Discount Rates and Risk Assessment in Mineral Project Evaluations' by L. D. Smith." Transactions of the Institution of Mining and Metallurgy, Section A: Mining Industry 104 (1995): 188-89.

Davis, G. "Reply: (Mis)Use of Monte Carlo Simulations in NPV Analysis." Mining Engineering 47.9 (1995): 861-62.

Davis, G. "US Share of World Mineral Markets: Where Are We Headed?" Mining Engineering 46.9 (1994):1067-69.

Davis, G. "The South African Export Incentive Scheme: Boom or Bust for the Minerals Sector?" Proceedings of the Mineral Economics and Management Society. Eds. Henry N. McCarl and Carmine Nappi. March (1994): 174-86.

Davis, G., and T. Considine. "An Economic Evaluation of Process Options that Reduce Coking Emissions at Integrated Steel Mills." Iron and Steelmaker March (1992): 57-62.

 


 







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