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The self-enforcing provisions of oil and gas unit operating agreement : theory and evidence

Libecap, Gary D.; Smith, James L. - In: The journal of law, economics, & organization 15 (1999) 2, pp. 526-548

Persistent link: https://www.econbiz.de/10001434405

The self-enforcing provisions of oil and gas unit operating agreements : theory and evidence

Libecap, Gary D.; Smith, James L. - 1999

Persistent link: https://www.econbiz.de/10001390163

The economic evolution of petroleum property rights in the United States

Libecap, Gary D.; Smith, James L. - In: The journal of legal studies 31 (2002) 2,2, pp. S589-608

Persistent link: https://www.econbiz.de/10001817290

The Economic Evolution of Petroleum Property Rights in the United States

Smith, James L.; Libecap, Gary D. - 2012

We examine Harold Demsetz's (1967) prediction that property rights would emerge and be refined once the benefits of doing so exceeded the costs. We follow the gradual development of property rights to subsurface oil and gas deposits in the United States through private and political negotiations...

Persistent link: https://www.econbiz.de/10014035776