Working paper
Fiscal regime uncertainty, risk aversion, and exhaustible resource depletion
- Abstract:
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How does uncertainty about future rent tax liability affect the competitive supply pattern for an exhaustible resource? Historically, changes in tax and regulatory clauses have been a frequent occurrence in the Petroleum industry, and appear to have contributed to the climate of uncertainty about future rent appropriation. This paper develops a generally applicable framework to tackle this question.
Expand abstract
The analysis modifies the classic Hotelling problem of exhaustible resource manageme...
- Publication status:
- Published
- Peer review status:
- Reviewed (other)
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Authors
Bibliographic Details
- Publisher:
- Oxford Institute for Energy Studies Publisher's website
- Series:
- OIES paper
- Publication date:
- 1987-01-01
- Paper number:
- EE3
- ISBN:
- 0948061197
Item Description
- Language:
- English
- Keywords:
- UUID:
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uuid:0dca1961-96ec-44e5-add5-136d5dc07280
- Local pid:
- ora:10223
- Deposit date:
- 2015-02-26
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Terms of use
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 1987
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