Abstract
This paper analyzes the structure and performance of the U. S. petroleum exploration industry. Particular attention is focused upon potential economies of scale and spillover benefits in the production of information. Data on market shares, production inputs, and ownership of unproven oil prospects are considered in this study. The effects of institutional arrangements, such as joint ventures, are evaluated in light of the information externalities and policy actions directed toward them.
Recommended Citation
Rockwood, Alan D., "Information Externalities and the Structure of the Petroleum Exploration Industry" (1976). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 169, pp. 532-538.
https://scholarsmine.mst.edu/umr-mec/169
Meeting Name
3rd Annual UMR-MEC Conference on Energy (1976: Oct. 12-14, Rolla, MO)
Document Type
Article - Conference proceedings
Session
Perspectives on Energy Policy
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 1977 University of Missouri--Rolla, All rights reserved.
Publication Date
13 Oct 1976
