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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
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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
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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
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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
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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
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Endogenous Lifetime and Economic GrowthRevisited
Bunzel, Helle; Qiao, Xue - Iowa State University of Science and Technology <Ames, … - 2004
. Interestingly, TFP growth can help economies escape the vicious cycleof poverty.[...] …
Persistent link: https://www.econbiz.de/10009360908
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Identifying Social Entrepreneurs Servingthe Poor at the BoP
George, Abraham M. - William Davidson Institute <Ann Arbor, Mich.> - 2009
for‐profit activitymight be the long‐sought panacea for solving poverty at the so‐called Base of the Pyramid(BoP) ‐‐ the …
Persistent link: https://www.econbiz.de/10009418710
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Do Europe’s Minimum Income Schemes ProvideAdequate Shelter against the Economic Crisis andHow, If at All, Have Governments Responded?
Marchal, Sarah; Marx, Ive; Van Mechelen, Natascha - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
The present economic crisis comes against the background of decades of policy changesthat have generally weakened the capacity of social safety nets to offer citizens withadequate resources for financial survival when labour markets fail to do so. Building on datafor 24 European Union countries,...
Persistent link: https://www.econbiz.de/10009486970
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THE WATTS’ POVERTY INDEXWITH EXPLICIT PRICE VARIABILITY
Muller, Christophe - University <Nottingham> / Department of Economics - 1998
We derive an explicit formula of the Watts’ poverty index, in terms of parametersof bivariate lognormal distributions … prices and nominal living standards in poverty; interpret the e¤ects on povertyof changes in price distributions; estimate … poverty when only means and variancesof price indices and nominal living standards are known.Using data from peasants in …
Persistent link: https://www.econbiz.de/10009522206
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Poverty, Children’s Health, and Health Care Utilization
Wolfe, Barbara L. - Federal Reserve Bank <New York, NY> - 1999
[...]The issue of the links between poverty, health, and accessto medical care is one that has received considerable …
Persistent link: https://www.econbiz.de/10005870033