Until this book was published little had appeared on the matter of the organization of production in oil gathering. This book:
Lists of Tables, Figures. Author’s Preface. 1. Introduction. 2. Measurement Costs, Auctions and the Process of Price Formation. 2. Measurement Costs, Auctions and the Process of Price Formation. 3. Vertical Disintegration. 4. The Offshore Supply Industry. 5. The Multinational Offshore Oil Supply Industry: The Theoretical Aspect. 6. The Offshore Oil Supply Industry in Its Main British Service Base. 7. Legal and Customary Practices in the Offshore Oil Supply Industry Markets. 8. Bid-prices, Rent Distribution and Adjustment in the Long Run. 9. Measurement Costs and Optimization of the Number Of Invited Tender-Bidders. 10. The Buyers as Market-Makers. 11. Host Countries and the International Offshore Oil Supply Industry: Problems of Entry and Exit. 12. Conclusions: On Choosing a Market in the Offshore Oil-Gathering Business. Bibliography. Index.