Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7407308 | Energy Policy | 2012 | 16 Pages |
Abstract
⺠We model economically optimal dynamic oil production decisions for 7 Alaska fields. ⺠Changing tax rate alone does not alter the economically optimal oil production path. ⺠But change in tax structure can affect the economically optimal oil production path. ⺠Tax structures that modify the optimal production path reduce net social benefit. ⺠Field-specific cost functions and inverse production functions are estimated
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Physical Sciences and Engineering
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Energy Engineering and Power Technology
Authors
Wayne Leighty, C.-Y. Cynthia Lin,