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Quarterly Journal of Economics Vol. 74 No. 4 1960

Market Structure and Uncertainty in Oil and Gas Exploration

James W. McKie

Vanderbilt University

Abstract

The occurrence of oil and gas, 544. — Steps in the exploratory process, 545. — Industry concentration, 546. — The success ratio, 550. — Risk, 554. — Access and risk preference, 556. — Uncertainty and information, 559. — The flow of information, 565. — The oil deal, 566. — Entry, 569.

DOI
10.2307/1884351
Volume
74
Issue
4
Pages
543
Sources
openalex crossref

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