State Taxation, Exploration, and Production in the U.S. Oil Industry
研究了非可再生资源企业如何应对州级税收变化，通过模拟怀俄明州生产税政策变动对勘探和产油时机的影响，发现石油生产对生产税变化高度缺乏弹性，提高生产税对未来产量影响很小。
Abstract How do firms in nonrenewable resource industries respond to changes in state taxes? This paper presents simulations of changes in state production (severance) tax policy on the timing of exploration and output in Wyoming. The framework developed allows for interactions between taxes levied by different levels of government. Results suggest that oil production is highly inelastic with respect to changes in production taxes. Policy implications suggest that increases in production taxes on oil risk little loss in future production. The extent to which these results may generalize to other oil producing states is considered.