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| Tekijä: | Voola, J.J. |
| Otsikko: | Technological change and industry structure: A case study of the petroleum industry |
| Lehti: | Economics of innovation and new technology
2006 : APR, VOL. 15:3, p. 271-288 |
| Asiasana: | industrial structure petroleum industry companies mergers technological change innovation case studies |
| Kieli: | eng |
| Tiivistelmä: | This paper is a case study of the impact of an exogenous (here as: exog.) improvement of a process technology on the structure of the petroleum industry. The role of three-dimensional seismology in bringing about the 1990s oil industry consolidation is examined. Exog. technological change (here as: t-chng.) can play a significant role in industry dynamics. This reference to the exog. t-chng. is a departure from the traditional consideration of endogenity of industry structure in relation to technological development and a novelty. Secondly, the documentation of 3D seismology as a significant process technology of the petroleum industry is significant. |
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