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.
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.
3rd Annual UMR-MEC Conference on Energy (1976: Oct. 12-14, Rolla, MO)
Article - Conference proceedings
Perspectives on Energy Policy
© 1977 University of Missouri--Rolla, All rights reserved.
13 Oct 1976