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The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements : Theory and Evidence
Libecap, Gary D. - 1999
This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the importance of incentive-compatibility and self-enforcement and the bargaining problems faced in achieving viable, long-term contracts. We argue that only if the parties to a unitization...
Persistent link: https://www.econbiz.de/10012471652
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The Economics of Time-Limited Development Options : The Case of Oil and Gas Leases
Herrnstadt, Evan M. - 2020
Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses. The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...
Persistent link: https://www.econbiz.de/10012481748
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The Impact of Oil and Gas Extraction on Infant Health
Hill, Elaine L. - National Bureau of Economic Research - 2022
The benefits and costs of resource extraction are currently being hotly debated in the case of unconventional natural gas development (commonly known as "fracking"). Colorado provides a unique research environment to study the health impacts of conventional and unconventional forms of oil and...
Persistent link: https://www.econbiz.de/10013462732
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Do Borders Matter for Social Capital? Economic Growth and Civic Culture in U.S. States and Canadian Provinces
Helliwell, John F. - 1996
The paper first assesses regional and ethnic group differences in social trust and memberships in both Canada and the … seven adjectives, a feature more prevalent in the United States than in Canada, (black, white, Hispanic and Asian in the … United States; French, English and Ethnic in Canada) have lower levels of trust than those who consider themselves Canadians …
Persistent link: https://www.econbiz.de/10012472965
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Learning by Drilling : Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch
Kellogg, Ryan - 2009
Relationship-specific learning is consequential because it implies that relationship stability is important to productivity. When two firms accumulate experience working together, relationship-specific intellectual capital is created that cannot be appropriated to pairings with other firms. If...
Persistent link: https://www.econbiz.de/10012463590
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Geographic Dispersion of Economic Shocks : Evidence from the Fracking Revolution
Feyrer, James - 2015
The combining of horizontal drilling and hydrofracturing unleashed a boom in oil and natural gas production in the US. This technological shift interacts with local geology to create an exogenous shock to county income and employment. We measure the effects of these shocks within the county...
Persistent link: https://www.econbiz.de/10012457045
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Shale Public Finance : Local Government Revenues and Costs Associated with Oil and Gas Development
Newell, Richard G. - 2015
Oil and gas development associated with shale resources has increased substantially in the United States, with important implications for local governments. These governments tend to experience increased revenue from a variety of sources, such as severance taxes distributed by the state...
Persistent link: https://www.econbiz.de/10012457127
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
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Comparison and Analysis of Productivity Growth and R&D Investment in theElectrical Machinery Industries of the United States and Japan
Nadiri, M. Ishaq - 1986
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10012477226
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Labor and Investment Demand at the Firm Level : A Comparison of French, German and U.S. Manufacturing, 1970-79
Mairesse, Jacques - 1985
We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment … for the important changes and differences in labor and investment demand between the two subperiods and across the three …
Persistent link: https://www.econbiz.de/10012477531