This paper contributes to our understanding of the perceived benefits for society of risk-sharing resource taxation. In the particular context of log-normally distributed prices a model is developed which enables comparison of risk-sharing resource taxation with an alternative in determining the...

Motivated by the policy trend of exposing European Union farmers to more market risk by reducing price support, this paper evaluates the compensation required by EU cereal growers to accept the complete removal of price support. Additional considerations are whether this policy change also...

This paper is motivated by the observation that although both the Australian and British governments have imposed resource rent taxes (RRTs) on their petroleum industries, these taxes have different structures, with the British form featuring both a higher threshold rate-of-return on capital...