Advertisement
Published in:
2013 | OriginalPaper | Chapter
The Role of Bargaining in Oil and Gas Transit Pipelines
Author : Ekpen James Omonbude
Published in: Cross-border Oil and Gas Pipelines and the Role of the Transit Country: Economics, Challenges, and Solutions
Publisher: Palgrave Macmillan UK
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Given the rent-capturing behaviour of the transit country, which is enhanced significantly by its improved position in terms of the obsolescing bargain, this chapter reviews critically the basic principles of bargaining theory. The objective is to explain the role of bargaining in the determination of transit agreements for cross-border oil and gas pipelines. More specifically, this chapter investigates the sources of bargaining power, how the balance of power shifts along the pipeline supply chain, and how (or whether) bargaining power differs with respect to the commodity traded (i.e. oil or gas).