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Learning by Drilling : Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch

Kellogg, Ryan - 2010

the joint productivity of an oil production company and its drilling contractor is enhanced significantly as they … the productivity gains acquired through experience with one production company to their work for another. This result is … relationship stability is important to productivity. When two firms accumulate experience working together, relationship …

Persistent link: https://www.econbiz.de/10013152553

The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements : Theory and Evidence

Smith, James L.; Libecap, Gary D. - 2021

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/10013220394

Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas

Fetter, T. Robert - 2018

In many industries firms can learn about new technologies from other adopters; mandatory disclosure regulations represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas industry to examine firm claims that disclosure...

Persistent link: https://www.econbiz.de/10012906299

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/10013015969

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/10013013923

The Economics of Time-Limited Development Options : The Case of Oil and Gas Leases

Herrnstadt, Evan; Kellogg, Ryan; Lewis, Eric - 2022

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/10013296175

Productivity in Pharmaceutical Biotechnology R&D : The Role of Experience and Alliances

Danzon, Patricia M.; Nicholson, Sean; Sousa Pereira, Nuno - 2021

Using data on over 900 firms for the period 1988-2000, we estimate the effect on phase-specific biotech and pharmaceutical R&D success rates of a firm's overall experience, its experience in the relevant therapeutic category; the diversification of its experience, and alliances with large and...

Persistent link: https://www.econbiz.de/10013233843

The Sahel's Silent Maize Revolution : Analyzing Maize Productivity in Mali at the Farm-Level

Foltz, Jeremy - 2014

increased fertilizer use has driven much of the productivity growth rather than the adoption of improvements in seeds and … revolution and point to the importance of taking into account farmer heterogeneity in estimating productivity and returns to …

Persistent link: https://www.econbiz.de/10013066693

Production and Learning in Teams

Herkenhoff, Kyle - 2018

The effect of coworkers on the learning and the productivity of an individual is measured combining theory and data …

Persistent link: https://www.econbiz.de/10012909118

Exporting and Firm Performance : Evidence from a Randomized Trial

Atkin, David - 2014

efficiency. First, treatment firms have higher productivity and quality after controlling for rug specifications. Second, when …

Persistent link: https://www.econbiz.de/10013043622

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