In economies with multi-level governments, why would a change in the fiscal rule of a government in one level lead to a fiscal response by a government in a different level? The literature focused primarily on the standard common-pool problem, while giving little attention to the potential role...

Rapid oil price increases frequently bring calls for special oil industry taxes. This paper uses new well-level production data and price variation induced by federal oil taxes and price controls to estimate how taxes affect production. Theory suggests temporary taxes create strong incentives...

Intro -- THE OIL INDUSTRY ANDWINDFALL PROFITS -- THE OIL INDUSTRY AND WINDFALL PROFITS -- CONTENTS -- PREFACE -- THE CRUDE OIL WINDFALL PROFIT TAXOF THE 1980S: IMPLICATIONS FORCURRENT ENERGY POLICY* -- SUMMARY -- INTRODUCTION -- BACKGROUND -- The Oil Price Control Program -- Origins of the Crude...