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| Zhongmin Wang and Qing Xue |
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| ''The Market Structure of Shale Gas Drilling in the United States'' |
| ( 2016, Vol. 36 No.2 ) |
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| This paper documents the evolution of the market structure of the modern shale gas drilling industry in the United States from birth to maturity. Modern shale gas drilling represents a major revolution in the energy industry. The industry was highly concentrated during its experimental stage and became less concentrated during its expansion stage, attracting a long tail of infrequent drillers. The evolution of this industry is different from the standard industry life cycle documented in the literature because this industry is driven only by process innovations. Our findings have policy implications for countries new to shale gas development. |
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| Keywords: shale gas, market structure, concentration |
JEL: Q4 - Energy: General
L7 - Industry Studies: Primary Products and Construction: General |
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| Manuscript Received : Feb 19 2016 | | Manuscript Accepted : Apr 29 2016 |
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