On capturing oil rents with a national excise tax

摘要: This paper argues that since the supply of oil in ground is inelastic, incidence a sales tax on oil, maintained forever at fixed rate, would fall entirely oil-suppliers. In world economy, however, elasticity to single country depends country’s imports as share output and demand for country. The calculates optimal rates function these variables estimates U.S., some OECD countries separately, U.S. plus collectively. Current are shown be far below values.