There is a vast literature on the distortionary effects of the tax-royalty system, while the effects of Production Sharing Contract (PSC) is largely understudied. Moreover, economic studies typically oversimplify the physics of the field and consequently end up with models which do not necessarily fully reflect the reality. In this study, we build a dynamic optimisation model which nests the physics of the reservoir and investigates the distortionary effects of a PSC.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:743143 |
| Date | January 2018 |
| Creators | Moridifarimani, Fazel |
| Contributors | Mu, Xiaoyi |
| Publisher | University of Dundee |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | https://discovery.dundee.ac.uk/en/studentTheses/d6b5fe43-62d8-4e3f-88ba-3c34653d46bd |
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