Arbeitspapier
Rent taxation for nonrenewable resources
The literature on taxation of rents from nonrenewable resources uses different theoretical assumptions and methods and a variety of empirical observations to arrive at widely diverging conclusions. Many studies use models and methods which disregard uncertainty, investigating distortionary effects of different taxes on whether, when, and how to explore for, develop and operate resource deposits. Introducing uncertainty into the analysis opens a range of challenges, and leads to results which cast doubt upon the relevance of studies which neglect uncertainty. There are, however, several ways to analyze uncertainty, regarding companies' behavior, resource price processes, and diversification opportunities, all with different implications for taxation. Methods developed in financial economics since the 1980's are promising, but still not in widespread use. Some more specific topics covered in this review are optimal risk sharing between companies and governments, time consistency and fiscal stability, the relationship between taxes and discount rates, and transfer pricing.
- Language
-
Englisch
- Bibliographic citation
-
Series: Memorandum ; No. 2009,01
- Classification
-
Wirtschaft
History of Economic Thought since 1925: General
Taxation, Subsidies, and Revenue: General
Business Taxes and Subsidies including sales and value-added (VAT)
Mining, Extraction, and Refining: Hydrocarbon Fuels
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Nonrenewable Resources and Conservation: Government Policy
- Subject
-
natural resources
rent tax
royalty
oil
minerals
energy
Rohstoffsteuer
Erschöpfbare Ressourcen
Risiko
Hotelling-Regel
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Lund, Diderik
- Event
-
Veröffentlichung
- (who)
-
University of Oslo, Department of Economics
- (where)
-
Oslo
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lund, Diderik
- University of Oslo, Department of Economics
Time of origin
- 2009
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Optimal Taxation with Rent-Seeking
Rent Seeking and the Excess Burden of Taxation
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Rent Taxes and Royalties in Designing Fiscal Regimes for Non-Renewable Resources
Rent Taxation when Cost Tranfers are Possible, but Costly
On the optimal taxation of common-pool resources
Hypergeorgism: When is Rent Taxation as a Remedy for Insufficient Capital Accumulation Socially Optimal?
Increasing resource rent taxation when the corporate income tax is reduced?
Rent taxation in a small open economy: the effect on transitional generations
Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George Theorem
Rent taxation and its intertemporal welfare effects in a small open economy
Feldstein Meets George: Land Rent Taxation and Socially Optimal Allocation in Economies with Environmental Externality
Optimal Taxation with Rent-Seeking
Rent Seeking and the Excess Burden of Taxation
Capital Taxation, Growth, and Non-renewable Resources
Rent Taxes and Royalties in Designing Fiscal Regimes for Non-Renewable Resources
Rent Taxation when Cost Tranfers are Possible, but Costly
On the optimal taxation of common-pool resources
Hypergeorgism: When is Rent Taxation as a Remedy for Insufficient Capital Accumulation Socially Optimal?
Increasing resource rent taxation when the corporate income tax is reduced?
Rent taxation in a small open economy: the effect on transitional generations
Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George Theorem
Rent taxation and its intertemporal welfare effects in a small open economy