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

E.Y.M. Lau

Working Papers from Portsmouth University - Department of Economics

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.

Keywords: CONTRACTS; ENTERPRISES (search for similar items in EconPapers)
JEL-codes: L70 L72 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:portec:67

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