Sharing costs and risks are the basic foundation of any the joint venture. However, the required financial commitments might be jeopardized either by a co-venturer who cannot afford the payment of the related costs or a co-venturer who simply chooses not to pay its share. The petroleum industry...

Mineralöl ist für eine effiziente und zuverlässige Energieversorgung unserer Volkswirtschaft von entscheidender Bedeutung. In der Studie werden sechs Kernaussagen zur Mineralölindustrie abgeleitet. Das Resultat zeigt, dass ein Verzicht auf Mineralöl mit erheblichen Wohlfahrtsverlusten in...

This paper tries to contribute to the current discussion on sharing rules of royalties in Brazil from theoretical and empirical reflections about fiscal federalism and from a comparative analysis of the experiences of oil producing countries that, as our example, organize themselves like...

The impacts of the exploration and production of large oil and gas reserves in a national economy are controversial. Several countries have shown a lack of capacity to develop based on these resources, while others achieve success. One important part of this equation are the local content rules...

This paper tries to quantify some macroeconomic consequences of the Brazilian oil sector investments. The main conclusion is the following: these investments incentivize other investments in the supply chain of the oil sector.

This paper looks at the regulatory reforms in the electricity and downstream oil industries, two important inputs to the production process that were heavily regulated by the government. While electricity has strong externalities as well as economies of scale and scope, the oil industry does not...