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Vertical Integration in the Oil Industry

Author

Listed:
  • Edward J. Mitchell

Abstract

The authors, from their different points of view, conclude generally that vertical integration is inherent in the nature of the oil industry, that it provides efficiencies that reduce both capital and transactions costs, and that divestiture is, in effect, a wrong solution to a pseudo-problem.

Suggested Citation

  • Edward J. Mitchell, 1976. "Vertical Integration in the Oil Industry," Books, American Enterprise Institute, number 919919, September.
  • Handle: RePEc:aei:rpbook:919919
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    Citations

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    Cited by:

    1. Manolis, Chris & Nygaard, Arne & Stillerud, Bård, 1997. "Uncertainty and vertical control: An international investigation," International Business Review, Elsevier, vol. 6(5), pages 501-518, October.
    2. Robert Gmeiner, 2019. "Regulatory capture in the US petroleum refining industry," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(4), pages 459-498, December.
    3. A J Scott, 1985. "Location Processes, Urbanization, and Territorial Development: An Exploratory Essay," Environment and Planning A, , vol. 17(4), pages 479-501, April.
    4. Spinks, Thomas & Dahl, Dale C., 1981. "Inputs Used in U.S. Farm Production: A Bibliography of Selected Economic Studies, 1950-80," Economics and Statistics Services (ESS) Reports 319963, United States Department of Agriculture, Economic Research Service.
    5. P Plummer, 1996. "Spatial Competition Amongst Hierarchically Organized Corporations: Prices, Profits, and Shipment Patterns," Environment and Planning A, , vol. 28(2), pages 199-222, February.
    6. Contin, Ignacio & Correlje, Aad & Huerta, Emilio, 2001. "The Spanish distribution system for oil products: an obstacle to competition?," Energy Policy, Elsevier, vol. 29(2), pages 103-111, January.
    7. Ren'e Aid & Luciano Campi & Liangchen Li & Mike Ludkovski, 2020. "An Impulse-Regime Switching Game Model of Vertical Competition," Papers 2006.04382, arXiv.org.

    More about this item

    Keywords

    oil; AEI Press;

    JEL classification:

    • A - General Economics and Teaching

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