The literature on taxation of rents from nonrenewable resources uses different theoretical
assumptions and methods and a variety of empirical observations to arrive at widely …

The paper discusses options available to tax mineral extraction projects particularly in
developing countries. A desirable government share of the economic rent generated from …

Optimal regulation is developed for a case with type-dependent dynamics in costs. In
exploiting non-renewable natural resources, a government faces the problem that extraction …

O regime de regulação do setor de petróleo e gás natural no Brasil vem sofrendo
transformações substanciais nos últimos anos. O ponto de partida dessas transformações …

Petroleum administration can be regarded as a principal-agent problem. The government
allocates exploration and production rights to petroleum companies on behalf of the …

When governments apply high tax rates targeted at natural resource rent, there must be
generous deductions in order to avoid investment disincentives. How generous is disputed …

While rent taxation in some theories is neutral, and the tax rate could be set to 100% to
minimise the need for distortionary taxes, this does not occur in practice. An important …

The government accordingly faces problems in committing itself in a credible way not to
introduce extraordinary taxation when times are particularly good. An underlying media …

Distinguishing between idiosyncratic and systematic risk, and taking into account that the
government is only able to monitor the companies' efforts to reduce costs and increase …

The optimal solution for the authorities is to pursue a credible, predictable and time-
consistent tax policy, which for existing fields will mean carrying forth the level of tax that was …