While strategic alliances have received a great deal of attention from academic researchers and practitioners, we still know relatively little about the contracts that govern these alliance relationships and their difference from more complex buyer-supplier contracts. Through an exploration of...

This paper assesses the competition faced by oil pipelines. It also uses a new procedure and new data to test whether oil pipeline markets are competitive or monopolistic, under standard definitions. The key innovation of the paper is a new approach to the definition of the relevant market(s) in...

Economic growth theory has underplayed the importance of the management of the business enterprise in economic growth and development. In today's global economy, business enterprises must be able to sense opportunities, seize or execute on such opportunities, and reconfigure and transform as...

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...