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Perceptions of Market Efficacy, Transaction Costs, and Vertical Disintegration in Offshore Oil Gathering

Perceptions of Market Efficacy, Transaction Costs, and Vertical Disintegration in Offshore Oil... Samplesurvey information is used to assess aspects of thepredictive competence of the transactioncost paradigm. The extent ofvertical disintegration by oil companies in offshore oil gathering isshown to be consistent with the revealed efficacy of the markets inintermediate goods and services. Market efficacy is assessed in relationto oil company perceptions of and other information relating to thesemarkets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Perceptions of Market Efficacy, Transaction Costs, and Vertical Disintegration in Offshore Oil Gathering

Paul Hallwood, C.
Journal of Economic Studies , Volume 19 (3) – Mar 1, 1992
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0144-3585
DOI
10.1108/01443589210027284
Publisher site
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Abstract

Samplesurvey information is used to assess aspects of thepredictive competence of the transactioncost paradigm. The extent ofvertical disintegration by oil companies in offshore oil gathering isshown to be consistent with the revealed efficacy of the markets inintermediate goods and services. Market efficacy is assessed in relationto oil company perceptions of and other information relating to thesemarkets.

Journal

Journal of Economic Studies – Emerald Publishing

Published: Mar 1, 1992

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