.... The implication is that the capital market is inefficient, a proposition worth testing. In this paper we examine the market value of reserves to test this proposition. adelman outlier tabulation net price windfall profit tax depletion asset and portfolio management valuation investment development...

... price control windfall profit tax revenue drilling operation us government oil industry spe 11311 energy economics percentage depletion deduction intangible drilling cost tax rate capital consequence depletion legislation united states government governmental regulation spe 11311...