LEADER 01236nam--2200397---450- 001 990001302920203316 005 20090220103554.0 010 $a0-7619-6326-X 035 $a000130292 035 $aUSA01000130292 035 $a(ALEPH)000130292USA01 035 $a000130292 100 $a20031216d2001----km-y0itay0103----ba 101 0 $aeng 102 $aGB 105 $ay|||z|||001yy 200 1 $aTransforming the European nation-state$edynamics of internationalization$fKjell Goldmann 210 $aLondon [etc.]$cSAGE Publications$dcopyr. 2001 215 $aXIV, 208 p.$d24 cm 225 2 $aSage politics texts 410 0$12001$aSage politics texts 606 0 $aEconomia mondiale 607 $aEuropa$xEconomia$zSec. 20. 607 $aEuropa$xPolitica$zSec. 20. 676 $a330.94 700 1$aGOLDMANN,$bKjell$0557404 801 0$aIT$bsalbc$gISBD 912 $a990001302920203316 951 $a330.94 GOL 1 (IEP III 865)$b11644 E.C.$cIEP III$d00088017 959 $aBK 969 $aECO 979 $aPAOLA$b90$c20031216$lUSA01$h1335 979 $aPATRY$b90$c20040406$lUSA01$h1732 979 $aRSIAV4$b90$c20090220$lUSA01$h1035 996 $aTransforming the European nation-state$9929425 997 $aUNISA LEADER 04786nam 2200673Ia 450 001 9910462933603321 005 20200520144314.0 010 $a1-4755-3420-5 010 $a1-283-94792-7 010 $a1-4755-2592-3 035 $a(CKB)2670000000332902 035 $a(EBL)1607079 035 $a(SSID)ssj0001100389 035 $a(PQKBManifestationID)12489216 035 $a(PQKBTitleCode)TC0001100389 035 $a(PQKBWorkID)11054789 035 $a(PQKB)10206621 035 $a(MiAaPQ)EBC1607079 035 $a(Au-PeEL)EBL1607079 035 $a(CaPaEBR)ebr10644339 035 $a(CaONFJC)MIL426042 035 $a(OCoLC)820204814 035 $a(EXLCZ)992670000000332902 100 $a20130126d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aModeling the impact of taxes on petroleum exploration and development$b[electronic resource] /$fJames L. Smith 210 $aWashington, D.C. $cInternational Monetary Fund$dc2012 215 $a1 online resource (47 p.) 225 0$aIMF working paper ;$vWP/12/278 300 $aAt head of title: Fiscal Affairs Department -- verso of t.p. 300 $a"November 2012" -- verso of t.p. 311 $a1-55775-445-4 320 $aIncludes bibliographical references. 327 $aCover; Contents; I. Introduction; A. Resource Development; B. Resource Exploration; II. Related Research; III. The Modeling Approach; A. Primary Production; B. Enhanced Production; C. Optimal Field Development; D. Solution Method; E. Modeling Price Volatility and Financial Risk; F. Exploration; G. Integration of Exploration and Development; H. Fiscal Regimes Considered; Tables; 1. Guide to Fiscal Regimes and Background Parameters Used in the Analysis; 2. Background Parameters; IV. Overview of Results; Figures; 1. Impact of Enhanced Oil Recovery Effectiveness on Optimal Development 327 $a3. Impact of Enhanced Oil Recovery on Resource Development and Recovery2. Impact of Enhanced Oil Recovery on Resource Recovery and Value; 3. Resource Recovery, by Fiscal Regime and Phase; A. Intensity of Development; 4. Total Net Present Value, by Fiscal Regime; 5. Optimal Development Programs, Price Impact; 4. Impact of Oil Price on Resource Development and Recovery; 6. Fiscal Impacts on Timing of Enhanced Oil Recovery and Abandonment; B. Diligence; 7. Incentive to Delay Development: High Cost Fields; C. Fiscal Progressivity; 8. Royalties Create Timing Conflicts in High Cost Fields 327 $a9. Government Take, by Fiscal Regime10. Effective Marginal Tax Rates; D. Price Volatility and Financial Risk; 11. Risk Sharing (Coefficient of Variation in Net Present Value); 12. Profitability Index versus Risk; E. Impact of Fiscal Design on the Optionality of Enhanced Oil Recovery; 13. Net Present Value versus Risk; 14. The Option to Implement Enhanced Oil Recovery; 15. Value of Option to Cancel Enhanced Oil Recovery; F. Exploration Incentives and Performance; 16. Impact of Price Simulations on International Oil Company Net Present Value; 17. Maximum Exploratory Failures Before Abandonment 327 $a5. Marginal Chance of Exploratory Success18. Full Cycle International Oil Company Net Present Value; 19. Distorted Resource Exploration: Exploration and Development Stages; 20. Tax Impact on Total Resource Value (Full Cycle); 21. Government Take (Full Cycle); V. Conclusion; References 330 $aWe present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplified, it incorporates many factors and some of the key tradeoffs that would influence an investor's investment behavior. The model recognizes the role of enhanced oil recovery and treats the impact of taxation on exploration and development in an integrated manner consistent with an investor's joint optimization of investments at both stages of the process. The model is simple and user 410 0$aIMF Working Papers 606 $aPetroleum industry and trade 606 $aPetroleum$xTaxation 606 $aPetroleum industry and trade$xMathematical models 608 $aElectronic books. 615 0$aPetroleum industry and trade. 615 0$aPetroleum$xTaxation. 615 0$aPetroleum industry and trade$xMathematical models. 700 $aSmith$b James L$g(James Lee),$f1950-$0855083 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910462933603321 996 $aModeling the impact of taxes on petroleum exploration and development$92256381 997 $aUNINA