The main features of the Peruvian petroleum sector are described with special reference to the development of the institutional regulation of the industry since the early sixties. An econometric model has been developed to study the determinants of historical investment and production patterns...

This paper presents a model of resource extraction based on two of its key aspects: investment and taxation. A mining firm is considered which may be in an environment of perfect competition or have a monopoly. It plans to extract from a fixed stock of resources. Before extraction begins, the...