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来源类型Working Paper
规范类型报告
DOI10.3386/w4185
来源IDWorking Paper 4185
The Role of Information in U.S. Offshore Oil and Gas Lease Auctions
Robert H. Porter
发表日期1992-10-01
出版年1992
语种英语
摘要This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since 1954. Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia. It is argued that equilibrium models that emphasize informational and strategic issues, and that account for institutional features of the leasing program, provide accurate predictions of outcomes.
主题Microeconomics ; Economics of Information ; Industrial Organization ; Market Structure and Firm Performance
URLhttps://www.nber.org/papers/w4185
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/561540
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GB/T 7714
Robert H. Porter. The Role of Information in U.S. Offshore Oil and Gas Lease Auctions. 1992.
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