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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Memorandum ; No. 2009,01
- Klassifikation
-
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
- Thema
-
natural resources
rent tax
royalty
oil
minerals
energy
Rohstoffsteuer
Erschöpfbare Ressourcen
Risiko
Hotelling-Regel
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lund, Diderik
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oslo, Department of Economics
- (wo)
-
Oslo
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lund, Diderik
- University of Oslo, Department of Economics
Entstanden
- 2009
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