Transaction costs and trade between multinational corporations : a study of offshore oil production
Author(s)
Bibliographic Information
Transaction costs and trade between multinational corporations : a study of offshore oil production
(World industry studies, 9)
Unwin Hyman, 1990
Available at 19 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
-
Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
338.27-143s081000083355*
Note
Includes bibliographical references
Description and Table of Contents
Description
This is a study of offshore oil productions, which includes measurement costs, auctions and the process of price formation, legal and customary practices in the offshore oil supply industry markets, bid prices and rent distribution. The author deploys the modern transaction cost paradigm to explain the preference among oil companies for vertical disintegration in the provision of services and supplies. He argues that such production features result in the desire to avoid rent appropriation and to economize measurement costs among the multinational off-shore firms.
Table of Contents
- Part 1 Transaction costs: a paradigm with two blades
- motivational and methodological context
- some basic concepts used in the transaction cost paradigm
- transaction costs and governance structures. Part 2 Measurement costs, auctions and the process of price formation: measurement costs and the transaction cost paradigm
- product idiosyncracy and the cost of affixing prices
- optimum expenditure on measurement costs
- measurement error
- process of price formation
- what the auction literature has to say about price formation
- price advantage and choice of auction
- price convergence and choice of auction
- conclusions. Part 4 Vertical disintegration: subsectors of the offshore oil supply industry
- measurement of the degree of vertical integration
- examination of vertical disintegration in the oil industry
- characteristics of the offshore oil supply markets
- are the offshore oil supply markets competitive?, locational factors, wide choice between rival suppliers, switching costs, standardization of inputs, organization of technical change, internal relocation costs, continuity of market relationships, conclusions. Part 4 The offshore oil supply industry: important features of the internationalized offshore oil supply industry. Part 5 The offshore oil supply industry - the theoretical aspect: transaction cost theories of the multinational corporation
- dominant application of the transaction cost paradigm to the multinational corporation
- internationalization of production to improve market efficiency
- "follow the customer" in offshore oil gathering
- barriers to entry
- asset specificity
- asset specificity and market density
- asset specificity and geographic mobility
- notes. Part 6 The offshore oil supply industry in its main British service base: some definitions
- the data file
- the predominance of affiliates - propositions 1 and 2
- sub-sectors of the offshore oil supply industry - proposition 3
- who got in when? - proposition 4
- patent ownership - proposition 5
- research and development - proposition 6
- Aberdeen as a decision-making centre - proposition 7
- the Aberdeen affiliate within its ownership group - proposition 8. Part 7 Legal and customary practices in the offshore oil supply industry markets: the pre-selection phase
- pre-qualification
- the invitation phase
- replies by bidders
- contract award
- conclusions. Part 8 Bid prices, rent distribution and asjustment in the long run: the assumptions
- supply firms
- finding the optimum bid
- the buyers
- bid prices
- quasi-rent
- adjustment of the supply industry in the long run
- in the beginning...... and in the end.
by "Nielsen BookData"