How do firms in nonrenewable resource industries respond to changes in state taxes? This paper presents simulations of changes in state production (severance) tax policy on the timing of exploration and output in Wyoming. The framework developed allows for interactions between taxes levied by...

This paper examines how the oil and soning that these effects should be similar gas industry responds to changes in environmental to those of production and property taxes. and land use regulations pertaining to drilling by Like Stollery, however, they do not conexamining differences in...

An important public policy question that remains unresolved is whether environmental standards are best set centrally or locally. At the center of the debate is whether devolution can induce jurisdictions of a federation to “race to the bottom” in pursuit of industry and jobs. A widely cited...