| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| On Capturing Oil Rents with a National Excise Tax Revisited |
| Santiago J. Rubio
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| 发表日期 | 2004
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| 出处 | Energy: Resources and Markets
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| 出版年 | 2004
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| 语种 | 英语
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| 摘要 | In this paper the scope of Bergstrom's (1982) results is studied. Moreover, his analysis is extended assuming that extraction cost is directly related to accumulated extractions. For the case of a competitive market it is found that the optimal policy is a constant tariff if extraction is costless. However, with depletion effects, the optimal tariff must ultimately be decreasing. For the case of a monopolistic market the results depend crucially on the kind of strategies the importing country governments can play and on whether the monopolist chooses the price or extraction rate. For a price-setting monopolist it is shown that the importing countries cannot use a tariff to capture monopoly rents if they are constrained to use open-loop strategies, even if the governments sign a tariff agreement. This result is drastically modified if the importing countries in the tariff agreement use Markov (feedback) strategies. For a quantity-setting monopolist the nature of the game changes and the importing country governments find it advantageous to set a tariff on resource importations. Moreover, in this case the importing countries in a tariff agreement enjoy a strategic advantage which allows them to behave as a leader. |
| 特色分类 | C73,D41,D42,F02,H20,Q38
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| 关键词 | Tariffs,Tariff agreements,Non renewable resources,Depletion effects,Price-setting monopolist,Quantity-setting monopolist,Differential games,Open-loop strategies,Linear strategies,Markov-perfect Nash equilibrium,Markov-perfect Stackelberg equilibrium
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/on-capturing-oil-rents-with-a-national-excise-tax-revisited/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117084
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推荐引用方式
GB/T 7714 |
Santiago J. Rubio. On Capturing Oil Rents with a National Excise Tax Revisited. 2004.
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