The Evolution of the Bargaining Relationship between the UK Government and Oil Compagnies in Exploiting UK North Sea Oil under Incomplete Contracts

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The Evolution of the Bargaining Relationship between the UK Government and Oil Compagnies in Exploiting UK North Sea Oil under Incomplete Contracts

Author Info

Lau, E.Y.M.

Abstract

Hold-up problem is identified as the main problem that must be confronted in providing for an efficient contractual relationship between the government and oil companies in exploiting North Sea Oil.

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Publisher Info
Paper provided by Portsmouth University - Department of Economics in its series Papers with number 67.

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Length: 27 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:portec:67

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Postal: U.K.; University of Portsmouth; Department of Economics, Locksway Road, Milton, Southsea Hants PO4 8JF, UK
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Web page: http://www.pbs.port.ac.uk/econ/index.html
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Related research
Keywords: CONTRACTS; ENTERPRISES;

Find related papers by JEL classification:
L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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