• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Handelshøyskolen BI
  • Publikasjoner fra CRIStin - BI
  • View Item
  •   Home
  • Handelshøyskolen BI
  • Publikasjoner fra CRIStin - BI
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Modeling the response to exogenous shocks: The capital uplift rate in petroleum taxation

Berg, Magnus; Bøhren, Øyvind; Vassnes, Erik
Journal article, Peer reviewed
Accepted version
Thumbnail
View/Open
Locked until 16.12.2019 due to copyright restrictions (361.2Kb)
URI
http://hdl.handle.net/11250/2483706
Date
2018
Metadata
Show full item record
Collections
  • Publikasjoner fra CRIStin - BI [827]
  • Scientific articles [2147]
Original version
Energy Economics, 2018, 69(January), 442-455   https://doi.org/10.1016/j.eneco.2017.12.010
Abstract
We 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.
Description
The accepted and peer reviewed manuscript to the article
Publisher
Elsevier
Journal
Energy Economics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit