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Time consistency in petroleum taxation - the case of Norway

Osmundsen, Petter - Universitetet <Stavanger> / School of Business …

Because of a long time frame, irreversible and specific investments, incomplete contracts andpolitical constraints, it is generally difficult for governments to commit themselves in a credibleway to a fixed petroleum tax regime. Many controversial renegotiations and tightenings of suchsystems...

Persistent link: https://www.econbiz.de/10009305211

Asymmetry and uncertainty in capital formation: an application to oil investment

Mohn, Klaus; Osmundsen, Petter - Universitetet <Stavanger> / School of Business … - 2008

Theories of irreversible investment suggest a negative relation between investment and uncertainty,and non-linear adjustment costs open for asymmetries in the adjustment of fixed capital. We proposean econometric modelling approach to estimate and test the key predictions of modern...

Persistent link: https://www.econbiz.de/10009305223

Petroleum taxation: Experience and issues

Løvås, Kjell; Osmundsen, Petter - Universitetet <Stavanger> / School of Business …

Topical issues in petroleum tax design are in this chapter discussed by means of a tax model for anet income tax system (Norway) and a representative PSA regime. We analyse the entire lifecycle of a typical petroleum project, i.e., the exploration decision is included. Many petroleumtax systems...

Persistent link: https://www.econbiz.de/10009305230

Oil Service Contracts - New Incentive Schemes to Promote Drilling Efficiency

Osmundsen, Petter; Sørenes, Terje; Toft, Anders - Universitetet <Stavanger> / School of Business …

Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in thedrilling sector. In particular for oil service contracts, since those companies have the most directcontrol of drilling efficiency. A large variety of contract types are in use, including within...

Persistent link: https://www.econbiz.de/10009305231

Chasing reserves Incentives and ownership

Osmundsen, Petter - Universitetet <Stavanger> / School of Business …

The oil companies are concerned to replace the petroleum reserves they producein order to maintain their future level of activity. Booked reserves alsorepresent an important input when analysts value these companies. Many producercountries want to control their own resources, a goal which can...

Persistent link: https://www.econbiz.de/10009305232

Demokratiepolitische Potentiale des Internet in Deutschland

Muzic, Suzana; Schwickert, Axel C. - Universität <Mainz> / Lehrstuhl für Allgemeine … - 1998

Wie kaum eine andere technologische Entwicklung trägt das Internet zur Diskussion des gesellschaftlichen Wandels und des Aufbruchs in die Informationsgesellschaft bei. Die letzten Jahrzehnte sind geprägt durch einen starken Medienwandel, der sich als folgenreich für Gesellschaft und Politik...

Persistent link: https://www.econbiz.de/10005841495

Institutionalization of a general electronic democracy through electronic democratic parties - a general concept with focus on Germany

Gronau, Norbert; Weber, Edzard; Uslar, Mathias - 2005

Not only the public services are able to ensure the effective and efficient use of e-democracy tools. This contribution … the parliament by the delegates of the party. The electronic democracy contributes, in order to supplement the … representative democracy, scalable around direct democratic elements. The citizens can determine all 4 or 5 years with the national …

Persistent link: https://www.econbiz.de/10005848235

Contesting Democracy: Science Popularisation and Public Choice

Adams, Jon - London School of Economics and Political Science - 2007

healthy participatory democracy under such conditions meant keeping the voting public involved – and science popularisation …

Persistent link: https://www.econbiz.de/10005870922

Diversity and the Power of the Elites in Democratic Societies: A Model and a Test

Bandiera, Oriana; Levy, Gilat - London School of Economics and Political Science - 2010

This paper analyzes whether political outcomes in local democracies are determinedby the preferences of the median -typically poor- agents or whether they reflect thewishes of the wealthy elites. A model shows that when politicians belonging to differentgroups can form coalitions, the wealthy...

Persistent link: https://www.econbiz.de/10005870957

Are Human Rights and Economic Well-Being Substitutes? Evidence from Migration Patterns across the Indian States

Libman, Aleksandr M.; Herrmann-Pillath, Carsten; Yadav, … - Frankfurt School of Finance & Management - 2011

The aim of the paper is to study the relation between the demand for human rights and foreconomic prosperity. It analyzes the demand not, as it is often done in the literature, from the“voice” perspective (political activity), but rather looks at the “exit” perspective...

Persistent link: https://www.econbiz.de/10009005032