An economic evaluation of oil fiscal regimes

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dc.contributor.advisorWen, Jean-Francois
dc.contributor.authorMedina, Maria Pilar
dc.date.accessioned2017-12-18T21:01:36Z
dc.date.available2017-12-18T21:01:36Z
dc.date.issued2005
dc.descriptionBibliography: p. 79-81en
dc.descriptionSome pages are in colour.en
dc.description.abstractThis paper presents a utility maximization model to evaluate the impact of alternative oil fiscal regimes, which define the type of "contract" between a host government and a foreign oil company (FOC). Specifically, in order to determine the optimal fiscal regime, we use four fiscal systems (i.e. bonus bidding, income tax, royalties and production sharing agreement with cost recovery) to analyze how the utility of each of the parties change when each of these regimes is applied. It is found that the most efficient fiscal regime will depend not only on the endogenous variables defined in the model (i.e. reserve size, price, tax rate, investment, probability of finding oil, and firm's effort), but also of the risk aversion level exhibited by the host government and the FOC.
dc.format.extentix, 98 leaves : ill. ; 30 cm.en
dc.identifier.citationMedina, M. P. (2005). An economic evaluation of oil fiscal regimes (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/111en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/111
dc.identifier.urihttp://hdl.handle.net/1880/101112
dc.language.isoeng
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.titleAn economic evaluation of oil fiscal regimes
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Arts (MA)
ucalgary.item.requestcopytrue
ucalgary.thesis.accessionTheses Collection 58.002:Box 1594 520492111
ucalgary.thesis.notesUARCen
ucalgary.thesis.uarcreleaseyen
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