Taxation and the Extraction of Exhaustible Resources: Evidence From California Oil Production
Rapid increases in oil prices in 2008 led some to call for special taxes on the oil industry. Because oil is an exhaustible resource, however, the effects of excise taxes on production or on reported producer profits may be more complex than in many other markets. This paper uses well-level producti...
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| Format: | Working Paper |
| Language: | en_US |
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MIT Center for Energy and Environmental Research Policy
2010
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| Online Access: | http://hdl.handle.net/1721.1/54781 |