IDEAS home Printed from https://ideas.repec.org/a/tpr/restat/v70y1988i2p199-206.html
   My bibliography  Save this article

Failure of the Net Profit Share Leasing Experiment for Offshore Petroleum Resources

Author

Listed:
  • Smith, James L
  • Siegel, Daniel R
  • Cheng, C S Agnes

Abstract

A current trend among oil-producing nations with private oil sectors is to move toward tax systems that are based upon pr ofits rather than production. The authors present a case study of wha t can go wrong with profit-based tax schemes. They study the implemen tation of the net profit share leasing system in the United States in the early 1980s. They conclude that the information requirements of the scheme are heavy, perhaps prohibitive, and that the net profit sh are system can easily backfire if the informational requirements can not be met. The authors also show that the U.S. government misused th e limited amount of information that was available to it. Copyright 1988 by MIT Press.

Suggested Citation

  • Smith, James L & Siegel, Daniel R & Cheng, C S Agnes, 1988. "Failure of the Net Profit Share Leasing Experiment for Offshore Petroleum Resources," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 199-206, May.
  • Handle: RePEc:tpr:restat:v:70:y:1988:i:2:p:199-206
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0034-6535%28198805%2970%3A2%3C199%3AFOTNPS%3E2.0.CO%3B2-T&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:70:y:1988:i:2:p:199-206. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristin Waites). General contact details of provider: http://mitpress.mit.edu/journals/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.