F. Barrera-Rey

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                    [post_content] => This paper is an attempt to introduce information as an input in the production function of an exploration firm and apply this model to the study of the United Kingdom Continental Shelf (UICS). This, almost trivial, observation to anvone acquainted with the worlungs of the exploration activity has been absent from
economic-based models of exploration and it is our purpose to redress this balance by framing the analysis within the traditional R&D framework.
                    [post_title] => The Benefits of Information Sharing in Petroleum Exploration: An R&D Approach to the Study of the United Kingdom Continental Shelf
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                    [post_content] => The decision to undertake a study of the Brent CFD (Contract for Differences) market was made for two reasons. The first is that the Institute has done major research work on the various constituents of the Brent market complex in an almost continuous manner since 1984. This led to the publication of two books, The Market for North Sea Cmde Oil (1986)l and Oil Markets and Prices (1993),’ and a number of related working papers and monographs on other oil markets and trading instruments. When researching for the most recent of these two books, very little was known about the CFD market. As a result there were only some cursory references to CFDs in Oil Markets mid Prices.
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                    [post_content] => The oil industry has always been fertile ground for an analysis of the reasons for and effects of vertical integration. One of the reasons for this popularity is that stages of production are easily differentiated. Furthermore the association between market power and integration, usually made by the public, is believed to be evident in the case of the oil industry. The perception is that integration is a requirement for company success as the oil industry is populated by large integrated companies that make "excessive" profits. The identification of market power with vertical integration was taken as an axiom by regulatory agencies in the 1970s and has only recently been abandoned (Yarrow (1991)). For example, the US oil industry was the subject of a complaint by the Federal Trade Commission in 1973, and of a prior report that recommended divestiture as a means to control the anticompetitive strategies of the participants (Teece (1976)).
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            [post_content] => This paper is an attempt to introduce information as an input in the production function of an exploration firm and apply this model to the study of the United Kingdom Continental Shelf (UICS). This, almost trivial, observation to anvone acquainted with the worlungs of the exploration activity has been absent from
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Latest Publications by F. Barrera-Rey

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