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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

BEA - Bureau of Economic Analysis - International Economics Accounts

United States / Bureau of Economic Analysis

The international transactions accounts provide information on trade in goods and services (including the balance of payments and the balance of trade), investment income, and government and private financial flows. In addition, the accounts measure the value of U.S. international assets and...

Persistent link: https://www.econbiz.de/10005857510

Theoretical Impediments to Understanding B2B Electronic Commerce

Reimers, Kai; Li, Mingzhi - Technische Hochschule <Aachen> / Lehr- und … - 2002

This paper proposes that the lack of a theoretical framework able to address policyissues on the firm as well as the industry level in an integrated manner contributes toa failure of developing effective e-commerce policies. Specifically, theoreticalapproaches fall into the two broad categories...

Persistent link: https://www.econbiz.de/10005863236

The Geography and Determinantsof Entrepreneurship

Tamvada, Jagannadha Pawan - Max-Planck-Institut für Ökonomik <Jena> - 2008

Entrepreneurship literature (Parker 2004) has rarely considered spatial locationas a micro-determinant of occupational choice, although there are compellingreasons to posit that spatial location influences economic behavior. Using Bayesiansemiparametric methodologies and geoadditive techniques,...

Persistent link: https://www.econbiz.de/10005864501

The Growth and Decline of Small firmsIn Developing Countries

Coad, Alexander; Tamvada, Jagannadha Pawan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

Empirical work on micro and small firms has focused on developed countries.The little work that exists on developing countries is all too often based on smallsamples taken from ad hoc questionnaires. The census data we analyze are fairlyrepresentative of the structure of small business in India....

Persistent link: https://www.econbiz.de/10005867795

Gates, hubs and urban primacyin Sub-Saharan Africa

Pholo Bala, Alain - Center for Operations Research and Econometrics … - 2009

domestic economy linked to the rest of the World through a hub. We address that issue bydeveloping two three regions model … World, while the two others compose thedomestic economy. One region of the Domestic economy, the hub, exhibits a … ‘geographical advantage’ interms of easier access to the rest of the World. We find the standard result that decreases in transports …

Persistent link: https://www.econbiz.de/10005868644