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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

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  • 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.

Suggested Citation

  • Lau, E.Y.M., 1996. "The Evolution of the Bargaining Relationship between the UK Government and Oil Compagnies in Exploiting UK North Sea Oil under Incomplete Contracts," Papers 67, Portsmouth University - Department of Economics.
    • Handle: RePEc:fth:portec:67
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    Cited by:

    1. Gromov, Vladimir (Громов,Владимир) & Malinina, Tatiana (Малинина, Татьяна), 2015. "Directions of Improvement of Russian Tax Legislation in the Part of Taxation of Capital Gains of Assets [Направления Совершенствования Российского Налогового Законодательства В Части Налогообложени," Published Papers mak16, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    Keywords

    CONTRACTS; ENTERPRISES;

    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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