Sherry, Edward F.; Teece, David J. - In: Industrial and Corporate Change 13 (2004) 6, pp. 931-951
We use the tools of transaction cost economics ('TCE') and economic analysis more generally to analyze the provisions of a long-term multi-million-dollar contract in the petroleum industry, the 35 year Field Contractors Agreement signed in 1965 for the development of a major oil field just...