Seminar: Tax neutrality, entry and discoveries: Evidence from oil drilling in the North Sea

  • Researcher Lasi Ahlvik at NHH
    Foto
    NHH

Forskningsseminar ved Handelshøyskolen onsdag 11. september kl. 12.15 i rom T452 av Lassi Ahlvik, NHH. 

Seminar: Tax neutrality, entry and discoveries: Evidence from oil drilling in the North Sea

Lassi Ahlvik er forsker ved Norges Handelshøyskole med en doktorgrad fra universitetet i Aalto, Finland.  Onsdag 11. september kommer han til oss på NMBU for å holde seminaret "Tax neutrality, entry and discoveries: Evidence from oil drilling in the North Sea" som er et samarbeid med Torfinn Harding (NHH). Forskningsinteressene hans inkluderer bærekraft og miljøøkonomi. Link til hele artikkelen hans skal presentere ligger under. 

 

Abstrakt:
Cash-flow taxation calls for cash refunds to loss-making firms to leave entry and exit decisions undistorted. We study the introduction of such a refund program in the Norwegian petroleum sector in 2005. Using data on oil exploration in Norway and the UK, we find that the program generated 37% of all new wells, but only 6% of all new discoveries in the period 2005-2015. The drastic drop in discovery rates is consistent with a common value model with endogenous entry. We find that the social benefits of the new discoveries are roughly offset by the cost of dry wells.

 

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Published 19. august 2019 - 14:14 - Updated 19. august 2019 - 14:35