The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...

The importance and complexity of petroleum and hard minerals operations is matched by the importance and complexity of finding effective ways to tax them. Many of these challenges arise in other activities too (exhaustibility of deposits being the main exception), but they take such extreme form...

Das Paper gibt zunächst Antworten auf die Fragen, wie sich der Ressourcenverbrauch entwickelt hat, welche Potenziale zur Verbrauchssenkung bestehen und warum sie trotz hoher Wirtschaftlichkeit nicht umgesetzt werden. Es zeigt, dass eine deutliche und zügige Steigerung der Energie- und...