Description
Integration and Competition in the Petroleum Industry: Petroleum Monograph Series Volume 3
Author: Melvin G. de Chazeau and Alfred E. Kahn
Hard cover. Good condition.
Integration and Competition in the Petroleum Industry by Melvin G. de Chazeau and Alfred E. Kahn is a rigorous economic and historical analysis of how structural integration—spanning exploration, production, refining, transportation, and marketing—shaped the competitive dynamics of the early- to mid-twentieth-century oil industry. The authors examine the rise of vertically integrated oil companies, assessing how their scale, coordination, and control of supply chains influenced pricing, market power, and efficiency. Through detailed case studies and empirical data, the book explores the tension between integration and healthy competition, questioning whether consolidation served the public interest or hindered market openness. Ultimately, it presents a nuanced account of an industry whose organization profoundly affected both national policy and global energy markets.
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