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Published papers and research papers

Kalkulasjonsrente og skatt i petroleumsvirksomhet,” (Discount rate and tax in petroleum activity), Samfunnsøkonomen,
vol. 127, no. 6, 2013, pp. 12 – 23. See also English translation.

Here is the link to following papers on the cost of capital:

  • “How taxes on firms reduce the risk of after-tax cash flows”

  • “Marginal versus average beta of equity, and the risk of depreciation tax shields”

  • “An analytical model of required returns to equity under taxation with imperfect loss offset”

  • “Taxation and systematic risk under decreasing returns to scale”

  • “Taxation, uncertainty, and the cost of equity”

  • “Taxation, uncertainty, and the cost of equity for a multinational firm”

  • “Valuation, leverage and the cost of capital in the case of depreciable assets: Revisited”

Er petroleumsvirksomheten subsidiert?,” (Is the petroleum activity subsidized?), Samfunnsøkonomen,
vol. 126, no. 4, 2012, pp. 22–31. See also English translation.

Neutrality of the Resource Super Profits Tax,”Australian Economic Review, vol. 44, 2011, pp. 233–238.

Rent taxation for nonrenewable resources,”Annual Review of Resource Economics, vol. 1, 2009, pp. 287–308.

How to analyze the investment–uncertainty relationship in real option models?,” Review of Financial Economics,
vol. 14, no 3-4, 2005, pp. 311–322. Details here.

Cream skimming, dregs skimming, and pooling: On the dynamics of competitive screening,” coauthor Tore Nilssen,
Geneva Papers on Risk and Insurance Theory, vol. 29, 2004, pp. 23–41. Additional details, including the
computer programs used in this research, can be found here.

Petroleum tax reform proposals in Norway and Denmark,” Energy Journal, vol. 23, no. 4, pp. 37–56, fall 2002.
Previous versions had the title “Petroleum tax reform in Scandinavia”.

Rent taxation when cost monitoring is imperfect,” Resource and Energy Economics, vol. 24, no. 3, pp. 211–228,
June 2002.

Here: A project under the heading “The choice between owner's wages and dividends under the dual income tax”,
coauthor Erik Fjærli.

Last changed on October 24 2013 by Diderik Lund