000 01944nab a2200301 c 4500
003 ES-MaIEF
005 20181218121841.0
007 ta
008 181218t2018 us ||||| ||||||0| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
041 _aeng
100 1 _952974
_aRao, Nirupama
245 0 _aTaxes and US oil production
_b : evidence from California and windfall profit tax
_c by Nirupama L. Rao
260 _c2018
500 _aDisponible también en formato electrónico a través de la Biblioteca del IEF.
500 _aResumen.
504 _aBibliografía.
520 _aThe recent boom in US oil production has prompted debates on levying new taxes on oil. This paper uses new well-level production data and price variation from federal oil taxes and price controls to assess how taxes affected production. After-tax price elasticity estimates range between 0.295 (0.038) and 0.371 (0.025). Response along the shut-in margin is minimal. There is no evidence of spatial shifting of production to minimize tax liabilities. Taken together, the results suggest that taxes reduced domestic production in the 1980s, and the response largely came from wells that continued to pump oil, but at a reduced rate.
650 4 _948014
_aPETROLEO
650 4 _948147
_aPRODUCCION
650 4 _947460
_aIMPUESTOS
650 4 _948092
_aPRECIOS
650 4 _942888
_aESTADOS UNIDOS
650 4 _947776
_aMODELOS ECONOMETRICOS
773 0 _oOP 2135/2018/4
_tAmerican Economic Journal. Economic Policy
_w(IEF)134825
_x 1945-7731
_g v. 10, n. 4, November 2018, p. 268-301
856 _uhttp://resolver.ebscohost.com/openurl?sid=EBSCO%3aeoh&genre=article&issn=19457731&ISBN=&volume=10&issue=4&date=20181101&spage=268&pages=268-301&title=American+Economic+Journal%3a+Economic+Policy&atitle=Taxes+and+US+Oil+Production%3a+Evidence+from+California+and+the+Windfall+Profit+Tax&aulast=Rao%2c+Nirupama+L.&id=DOI%3a&site=ftf-live
942 _cART
999 _c139500
_d139500