Transaction costs and trade between multinational corporations
Subtitle: a study of offshore oil production
By: C. Paul Hallwood.
Series: World industry studies ;; 9
Publisher: Unwin Hyman
Published: 1990
Place of publication: Boston
Language: eng
Number of pages: 202
Subjects: Offshore oil industry.; Transaction costs.
First sentence: The organization of economic activity in the oil industry is a fascinating subject; the oil industry is one of the largest in the world; oil is the single largest commodity (by value) in international trade; oil production and production are vital to the prosperity of many nations; the oil industry’s political importance is enormous; and the organizational arrangements that are found within it are varied and complex.
Description: TRADE BETWEEN MULTINATIONAL CORPORATIONS: A study of offshore oil production

1.	Introduction
2.	Measurement costs, auctions and the process of price formation
3.	Vertical disintegration
4.	The offshore oil 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.
Notes: Includes bibliographical references (p. [185]-194) and index.