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dc.contributor.authorBerg, Magnus
dc.contributor.authorBøhren, Øyvind
dc.contributor.authorVassnes, Erik
dc.date.accessioned2018-02-09T11:54:28Z
dc.date.available2018-02-09T11:54:28Z
dc.date.created2018-01-02T08:11:33Z
dc.date.issued2018
dc.identifier.citationEnergy Economics, 2018, 69(January), 442-455nb_NO
dc.identifier.issn0140-9883
dc.identifier.issn1873-6181
dc.identifier.urihttp://hdl.handle.net/11250/2483706
dc.descriptionThe accepted and peer reviewed manuscript to the articlenb_NO
dc.description.abstractWe show how a recent drop in the Norwegian capital uplift rate by two percentage points changes optimal field design and reduces field value for shareholders. Although optimal design changes considerably and value drops by 12%, the ability to reoptimize design after the shock is worth only 1.5% of field value. This evidence suggests that large behavioral effects of a shock do not necessarily imply large value effects, making it less important to always account for the taxpayers' response. The valuation error in such cases may be moderate if one instead uses the simplifying and widespread assumption of unresponsive taxpayers.nb_NO
dc.language.isoengnb_NO
dc.publisherElseviernb_NO
dc.titleModeling the response to exogenous shocks: The capital uplift rate in petroleum taxationnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionacceptedVersionnb_NO
dc.source.journalEnergy Economicsnb_NO
dc.identifier.doihttps://doi.org/10.1016/j.eneco.2017.12.010
dc.identifier.cristin1533381
dc.description.localcode1, Forfatterversjonnb_NO
cristin.unitcode158,1,0,0
cristin.unitnameInstitutt for finans
cristin.ispublishedfalse
cristin.fulltextpostprint
cristin.qualitycode1


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