Taxation and the optimization of oil exploration and production: the UK continental shelf

This paper allows for the effect of taxation in the econometric model for the analysis of exploration and production policies of "price taking suppliers" recently proposed in Pesaran (1990).<br/> The tax system in the UKCS is neither neutral nor stable, therefore the separation of th...

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Bibliographic Details
Main Author: Favero, C
Format: Working paper
Language:English
Published: Oxford Institute for Energy Studies 1990