Oil price hikes and development triggers in peace and war
Article Abstract:
The resultant value of oil price increases in war and peace is determined by evaluating the extent of oil price movements in both events. Large temporary price increases triggered by wars settle back to 25 % of the total increase. This resultant value, which represents the permanent effect of price increases, must be considered in determining the viability of oil fields instead of relying on predetermined price variants based on traditional price theories and current oil prices.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1996
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Neutrality and efficiency of petroleum revenue tax: a theoretical assessment
Article Abstract:
A theoretical evaluation of the existing petroleum revenue tax reveals that there is unique rate for computing capital taxes so that they remain economically neutral. The study evaluated the UK petroleum revenue tax and finds that the tax policy is relatively efficient and neutral when computed against a neutral resource rent tax. The study raises questions on tax policies that were reevaluated and eventually scrapped.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1997
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Shareholders and stakeholders: human capital and industry equilibrium
Article Abstract:
An assessment was made regarding methods used in funding human capital investment under an industry equilibrium framework where capital market imperfections exist. Social efficiency results when income contingent loans are provided by the government to levy subsidy schemes. A rise in wage and profits, meanwhile, results when loan guarantees are provided by the government.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
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- Abstracts: Income ranking and convergence with physical and human capital and income inequality. Long-run effects of unfunded social security with earnings-dependent benefits
- Abstracts: Pairwise kidney exchange: comment. Rich language and refinements of cheap-talk equilibria. Risk-dominance and perfect foresight dynamics in N-player games
- Abstracts: Grandstanding in the venture capital industry. The timing of initial public offerings. IPOs, acquisitions, and the use of convertible securities in venture capital
- Abstracts: Price variability and price dispersion in a stable monetary environment: evidence from German retail markets. Why do prices rise faster than they fall? With an application to mortgage rates
- Abstracts: Information in ultimatum games: an experimental study. Fairness and survival in ultimatum and dictatorship games