Modeling the Impact of Taxes on Petroleum Exploration and Development

Author/creator Smith, James L. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description46 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation We present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplified, it incorporates many factors and some of the key tradeoffs that would influence an investor's investment behavior. the model recognizes the role of enhanced oil recovery and treats the impact of taxation on exploration and development in an integrated manner consistent with an investor's joint optimization of investments at both stages of the process. the model is simple and user-friendly, which facilitates application to a broad range of problems.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781475586541
ISBN147558654X (E-Book) Active Record
Stock number00013468

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