TAXING NATURAL RESOURCE PROJECTS

A wide range of fiscal measures for natural resource based projects are analyzed in this paper. Maximizing government revenue involves taxing heavily any rents generated in the project while retaining the incentive to invest. Recovery efficiency must also be preserved. Based upon the principles of resource economics and project appraisai a series of tests are derived and applied to alternative tax schemes in order to assess their efficiency in maximizing the present value of government revenues. The tests indicate that of the ten schemes examined, the most likely to achieve revenue maximization is a progressive resource rent tax incorporating a safeguard tapering provision and superimposed upon normal corporate income tax. Many commonly applied taxes are demonstrated to have serious distortionary effects on the investment decision and to fail to capture a large proportion of rents generated. Cet article analyse une gamme variée de mesures fiscales applicables aux projets concernant les ressources naturelles. L'optimisation des recettes de l'Etat implique une lourde imposition des revenus provenant du projet tout en continuant à encourager les investissements. L'efficacité de la relance doit aussi être maintenue. Sur la base des principes de l'économie des ressources et de l'évaluation des projets, une série de tests a été conçue et appliquée à des systèmes fiscaux alternatifs afin de permettre l'évaluation de leur efficacité en ce qui concerne l'optimisation de la valeur actuelle des recettes de l'Etat. Les tests indiquent que sur les dix systèmes examinés, le plus susceptible d'optimiser les recettes semble être un impôt progressif sur les revenus provenant des ressources qui incorpore une clause de garantie dégressive et qui vient s'ajouter à l'impôt sur le revenu des sociétés habituel. L'article démontre que de nombreux impôts habituellement appliqués présentent de sérieux effets de distortion ayant un impact sur la décision d'investir et qu'une grande proportion des revenus de ces projets échappe à l'imposition. En este artículo se analiza una gama amplia de medidas fiscales sobre proyectos relacionados con recursos naturales. Maximizar los ingresos fiscales requiere imponer fuertes impuestos sobre las rentas generadas por el proyecto manteniendo al mismo tiempo el incentivo para la inversión. Debe mantenerse también la eficiencia en la recuperación de los recursos en cuestión. Basado en principios de la economía de recursos y de evaluación de proyectos se derivan una serie de pruebas sobre esquemas alternativos de aplicación de impuestos con el objeto de evaluar la eficiencia de dichos esquemas en la maximización del valor presente del ingreso del gobierno por concepto de impuestos. Las pruebas indican que de los diez esquemas examinados, el que con mayor probabilidad va a maximizar el ingreso del gobierno es el impuesto progresivo sobre la renta del recurso con un provisión de salvaguarda la reducción de dicho impuesto, más un impuesto simultáneo sobre el ingreso de la empresa. Muchos de los esquemas de imposición comúnmente aplicados tienen serios efectos distortionadores sobre las decisiones de inversión y consecuentamente impiden la colección de una gran parte de las rentas generadas.     

Why does the United States lack a global warming policy? The corporate inner circle versus public interest sector elites

Why has the United States not adopted global warming policies? Because the inner circle of the corporate elite has opposed these policies despite some corporate support for cap-and-trade and other policies. Pro- and anti-positions taken by think tanks that have led the policy debate in the post-Kyoto period are analyzed in order to demonstrate this. The corporate and upper class social ties of the directors of these pro- and anti-think tanks are examined, revealing a corporate elite split between the inner circle opposing these policies, and a ‘public interest sector’ of corporate law and media corporations along with top executives from higher education and other nonprofits that is supportive of policies addressing global warming. To enable adoption of major global warming policies, the corporate inner circle will need to become supportive and forge a class-wide corporate consensus on the need to address global warming.     

Costs and benefits of allomothering in wild capped langurs (Presbytis pileata)

Summary Data from a 15-month field study of the capped langur monkey, Presbytis pileata, in Bangladesh indicate that allomothering behavior is restricted to particular female-infant dyads. Primary allomothers were all parous adult females; nulliparous females rarely allo-mothered, Newborn infants were transferred from the mother to other females within a short time of birth, as reported for some other colobine species, but over the first 3 months of life each neonate's contact with nonmothers was largely restricted to a single allomother in each of five study groups. Capped langur mothers with newborn infants spent more time feeding when the infant was being allomothered than when it was in the mother's care. The model of allomothering as a selfish behavior by nulliparous or pregnant females used to enhance maternal skills at the expense of mothers is not supported by this study. Rather, allomothering may have adaptive significance as altruistic behavior among group females, in that it enables lactating females to increase feeding time. Capped langur allomothering is best interpreted as a low-cost behavior that can benefit recipients that may or may not be related. Offprint requests to the present address     

The use of technology to address patterns of risk among teenage drivers

INTRODUCTION: The crash risk of teens is high, with fatal crash rates of teen drivers higher than any other age group. New approaches to reduce teen traffic fatalities are clearly needed. METHOD: A possible approach to reduce the incidence of teen driver crashes and fatalities is through the use of vehicle-based intelligent driver support systems. To be most effective, the system should address the behaviors associated with an overwhelming number of teen fatal crashes: speed, low seatbelt use, and alcohol impairment. In-vehicle technology also offers an opportunity to address the issue of inexperience through enforcement of certain Graduated Driver's License provisions. RESULTS: To fully understand the capability of such technologies, there should be a concerted effort to further their development, and human factors testing should take place to understand their effects on the driver. IMPACT: If successfully implemented, a Teen Driver Support System (TDSS), such as the one described here, could significantly decrease the number of teens killed in traffic crashes.     

Assessing Sediment Yield for Selected Watersheds in the Laurentian Great Lakes Basin Under Future Agricultural Scenarios

In the Laurentian Great Lakes Basin (GLB), corn acreage has been expanding since 2005 in response to high demand for corn as an ethanol feedstock. This study integrated remote sensing-derived products and the Soil and Water Assessment Tool (SWAT) within a geographic information system (GIS) modeling environment to assess the impacts of cropland change on sediment yield within four selected watersheds in the GLB. The SWAT models were calibrated during a 6 year period (2000–2005), and predicted stream flows were validated. The R ² values were 0.76, 0.80, 0.72, and 0.81 for the St. Joseph River, the St. Mary River, the Peshtigo River, and the Cattaraugus Creek watersheds, respectively. The corresponding E (Nash and Sutcliffe model efficiency coefficient) values ranged from 0.24 to 0.79. The average annual sediment yields (tons/ha/year) ranged from 0.12 to 4.44 for the baseline (2000 to 2008) condition. Sediment yields were predicted to increase for possible future cropland change scenarios. The first scenario was to convert all “other” agricultural row crop types (i.e., sorghum) to corn fields and switch the current/baseline crop rotation into continuous corn. The average annual sediment yields increased 7–42 % for different watersheds. The second scenario was to further expand the corn planting to hay/pasture fields. The average annual sediment yields increased 33–127 % compared with baseline conditions.     

Detention Outlet Retrofit Improves the Functionality of Existing Detention Basins by Reducing Erosive Flows in Receiving Channels

By discharging excess stormwater at rates that more frequently exceed the critical flow for stream erosion, conventional detention basins often contribute to increased channel instability in urban and suburban systems that can be detrimental to aquatic habitat and water quality, as well as adjacent property and infrastructure. However, these ubiquitous assets, valued at approximately $600,000 per km² in a representative suburban watershed, are ideal candidates to aid in reversing such cycles of channel degradation because improving their functionality would not necessarily require property acquisition or heavy construction. The objective of this research was to develop a simple, cost‐effective device that could be installed in detention basin outlets to reduce the erosive power of the relatively frequent storm events (~ < two‐year recurrence) and provide a passive bypass to maintain flood control performance during infrequent storms (such as the 100‐year recurrence). Results from a pilot installation show that the Detain H₂O device reduced the cumulative sediment transport capacity of the preretrofit condition by greater than 40%, and contributed to reduced flashiness and prolonged baseflows in receiving streams. When scaling the strategy across a watershed, these results suggest that potential gains in water quality and stream channel stability could be achieved at costs that are orders of magnitude less than comparable benefits from newly constructed stormwater control measures.     

Applying 3DCE to environmentally responsible manufacturing practices

A review of recent literature in the fields of operations, supply chain, and management indicates there is on-going interest in improving new product development (NPD) performance. Three-dimensional concurrent engineering (3DCE), the simultaneous design of product, process and supply chain have been proposed as a way to improve traditional NPD outcomes, such as reduced time to market, lower costs, and improved customer acceptance. There appears to be a lesser concern associated with the environmental impacts of new products. Environmentally responsible manufacturing (ERM) on new product development focuses on reduced emissions, hazardous materials elimination, and lower product weight without sacrificing functionality. This paper explores the following issue: will employing 3DCE to integrate NPD and ERM yield better benefits than the separate and uncoordinated application of environmental goals and NPD initiatives?     

Daughters inherit colonies from mothers in the 'living-fossil' ant Nothomyrmecia macrops

Newly mated queens of monogynous (single queen) ants usually found their colonies independently, without the assistance of workers. In polygynous (multiple queen) species queens are often adopted back into their natal nest and new colonies are established by budding. We report that the Australian 'living-fossil' ant, Nothomyrmecia macrops, is exceptional in that its single queen can be replaced by one of the colony's daughters. This type of colony founding is an interesting alternative reproductive strategy in monogynous ants, which maximizes fitness under kin selection. Successive queen replacement results in a series of reproductives over time (serial polygyny), making these colonies potentially immortal. Workers raise nieces and nephews (relatedness h 0.375) the year after queen replacement. Although N. macrops is 'primitive' in many other respects, colony inheritance is likely to be a derived specialization resulting from ecological constraints on solitary founding.