Matches in SemOpenAlex for { <https://semopenalex.org/work/W1527357549> ?p ?o ?g. }
- W1527357549 endingPage "337" @default.
- W1527357549 startingPage "305" @default.
- W1527357549 abstract "Abstract State Tax Policy and Oil Production: The Role of the Severance Tax and Credits for Drilling Expenses This paper describes state tax structures facing the oil industry in the United States and simulates effects of changes in severance tax rates when a credit is allowed for drilling expenses. We calibrate the Hotelling model developed by Pindyck (1978) to examine how taxes and subsidies at different stages of the resource exploration and production phase alters the behavior of oil producers and thus impacts on exploration activity, additions to the reserve base and production of energy. In our model, returns to exploration are subject to diminishing returns, but additions to the reserve base reduce the cost of production. The calibration model with data from U.S. oilfields is used to show effects of alternative tax and subsidy policies on drilling and production, the tax revenue accruing to states as well as on the time path of drilling expenditures and resource production. The simulations are consistent with prior studies in that they reflect insensitivity of oil production volumes with respect to even comparatively large production tax rate changes. Also, they suggest that a drilling expense credit may cost more than the incremental severance tax revenue obtained. These results may be useful in evaluating recent tax policy changes in Alaska as well as on national energy tax policy in light of recent interest in stimulating drilling for new reserves. These findings may also support recent policy interest in the Obama Administration towards repealing percentage depletion allowances given to non-integrated oil and gas firms and other tax preferences all of which are projected to raise federal tax revenue by more than $30 billion between 2010 and 2019." @default.
- W1527357549 created "2016-06-24" @default.
- W1527357549 creator A5000389025 @default.
- W1527357549 creator A5015600208 @default.
- W1527357549 creator A5090620180 @default.
- W1527357549 date "2010-01-01" @default.
- W1527357549 modified "2023-09-23" @default.
- W1527357549 title "State tax policy and oil production: The role of the severance tax and credits for drilling expenses" @default.
- W1527357549 cites W1507368371 @default.
- W1527357549 cites W1571125285 @default.
- W1527357549 cites W1982453953 @default.
- W1527357549 cites W1984756630 @default.
- W1527357549 cites W1985661734 @default.
- W1527357549 cites W1999841079 @default.
- W1527357549 cites W2004730934 @default.
- W1527357549 cites W2009827803 @default.
- W1527357549 cites W2011342103 @default.
- W1527357549 cites W2013216843 @default.
- W1527357549 cites W2016106401 @default.
- W1527357549 cites W2026283330 @default.
- W1527357549 cites W2036482950 @default.
- W1527357549 cites W2047433938 @default.
- W1527357549 cites W2113023279 @default.
- W1527357549 cites W2134197695 @default.
- W1527357549 cites W2167932774 @default.
- W1527357549 cites W2171719817 @default.
- W1527357549 cites W2314861796 @default.
- W1527357549 cites W2319453677 @default.
- W1527357549 cites W2615190415 @default.
- W1527357549 cites W1607818477 @default.
- W1527357549 hasPublicationYear "2010" @default.
- W1527357549 type Work @default.
- W1527357549 sameAs 1527357549 @default.
- W1527357549 citedByCount "5" @default.
- W1527357549 countsByYear W15273575492012 @default.
- W1527357549 countsByYear W15273575492014 @default.
- W1527357549 crossrefType "journal-article" @default.
- W1527357549 hasAuthorship W1527357549A5000389025 @default.
- W1527357549 hasAuthorship W1527357549A5015600208 @default.
- W1527357549 hasAuthorship W1527357549A5090620180 @default.
- W1527357549 hasConcept C100001284 @default.
- W1527357549 hasConcept C10138342 @default.
- W1527357549 hasConcept C144133560 @default.
- W1527357549 hasConcept C145236788 @default.
- W1527357549 hasConcept C162077342 @default.
- W1527357549 hasConcept C162324750 @default.
- W1527357549 hasConcept C172008318 @default.
- W1527357549 hasConcept C175444787 @default.
- W1527357549 hasConcept C175605778 @default.
- W1527357549 hasConcept C195487862 @default.
- W1527357549 hasConcept C2776805697 @default.
- W1527357549 hasConcept C2778348673 @default.
- W1527357549 hasConcept C2781039245 @default.
- W1527357549 hasConcept C34447519 @default.
- W1527357549 hasConcept C551662922 @default.
- W1527357549 hasConcept C55214782 @default.
- W1527357549 hasConcept C74939039 @default.
- W1527357549 hasConcept C77269340 @default.
- W1527357549 hasConcept C84265765 @default.
- W1527357549 hasConceptScore W1527357549C100001284 @default.
- W1527357549 hasConceptScore W1527357549C10138342 @default.
- W1527357549 hasConceptScore W1527357549C144133560 @default.
- W1527357549 hasConceptScore W1527357549C145236788 @default.
- W1527357549 hasConceptScore W1527357549C162077342 @default.
- W1527357549 hasConceptScore W1527357549C162324750 @default.
- W1527357549 hasConceptScore W1527357549C172008318 @default.
- W1527357549 hasConceptScore W1527357549C175444787 @default.
- W1527357549 hasConceptScore W1527357549C175605778 @default.
- W1527357549 hasConceptScore W1527357549C195487862 @default.
- W1527357549 hasConceptScore W1527357549C2776805697 @default.
- W1527357549 hasConceptScore W1527357549C2778348673 @default.
- W1527357549 hasConceptScore W1527357549C2781039245 @default.
- W1527357549 hasConceptScore W1527357549C34447519 @default.
- W1527357549 hasConceptScore W1527357549C551662922 @default.
- W1527357549 hasConceptScore W1527357549C55214782 @default.
- W1527357549 hasConceptScore W1527357549C74939039 @default.
- W1527357549 hasConceptScore W1527357549C77269340 @default.
- W1527357549 hasConceptScore W1527357549C84265765 @default.
- W1527357549 hasOpenAccess W1527357549 @default.
- W1527357549 hasRelatedWork W109158620 @default.
- W1527357549 hasRelatedWork W1566625076 @default.
- W1527357549 hasRelatedWork W1752320538 @default.
- W1527357549 hasRelatedWork W2146132206 @default.
- W1527357549 hasRelatedWork W2170355339 @default.
- W1527357549 hasRelatedWork W2282859075 @default.
- W1527357549 hasRelatedWork W2592573308 @default.
- W1527357549 hasRelatedWork W2615190415 @default.
- W1527357549 hasRelatedWork W2726083348 @default.
- W1527357549 hasRelatedWork W2908477848 @default.
- W1527357549 hasRelatedWork W2922212596 @default.
- W1527357549 hasRelatedWork W2953276001 @default.
- W1527357549 hasRelatedWork W2954000816 @default.
- W1527357549 hasRelatedWork W2966504664 @default.
- W1527357549 hasRelatedWork W2996042341 @default.
- W1527357549 hasRelatedWork W3034119878 @default.
- W1527357549 hasRelatedWork W3041930866 @default.
- W1527357549 hasRelatedWork W3121212897 @default.
- W1527357549 hasRelatedWork W3123808761 @default.