Petroleum taxation under uncertainty: contingent claims analysis with an application to Norway

摘要: Abstract Contingent claims analysis provides a useful tool for analysing the value of tax claims, and companies' after-tax values, under uncertainty. The method is presented applied to how Norwegian petroleum taxes affect company behaviour. Few results can be derived analytically. A numerical approach suggested, with stylized description production possibilities. are found have strong distortionary effects. relation other methods problems connected application discussed.