Boyce, John R.; Nøstbakken, Linda - In: Journal of Economic Dynamics and Control 35 (2011) 6, pp. 891-908
We study the exploration and development of oil and gas fields in the U.S. over the period 1955-2002. We make four contributions to explain the economic evolution of the oil and gas industry during this period. First, we derive a testable model of the dynamics of competitive oil and gas field...
