01712cas a2200241 a 4500 AALejournalIMF013201 230101c9999 xx r poo 0 0eng d 5.00 USD 9781557754455 1018-5941 BD-DhAAL BD-DhAAL Smith, James. Modeling the Impact of Taxes on Petroleum Exploration and Development / James Smith. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplified, it incorporates many factors and some of the key tradeoffs that would influence an investor's investment behavior. The model recognizes the role of enhanced oil recovery and treats the impact of taxation on exploration and development in an integrated manner consistent with an investor's joint optimization of investments at both stages of the process. The model is simple and user-friendly, which facilitates application to a broad range of problems. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/278 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/278/001.2012.issue-278-en.xml IMF e-Library