The Role of Information in U.S. Offshore Oil and Gas Lease Auctions
Author
Suggested Citation
Note: IO
Download full text from publisher
Other versions of this item:
- Porter, Robert H, 1995. "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," Econometrica, Econometric Society, vol. 63(1), pages 1-27, January.
- Robert H. Porter, 1992. "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," Discussion Papers 1008, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
References listed on IDEAS
- Hendricks, Kenneth & Porter, Robert H, 1988. "An Empirical Study of an Auction with Asymmetric Information," American Economic Review, American Economic Association, vol. 78(5), pages 865-883, December.
- Laffont, Jean-Jacques & Ossard, Herve & Vuong, Quang, 1995.
"Econometrics of First-Price Auctions,"
Econometrica, Econometric Society, vol. 63(4), pages 953-980, July.
- Laffont, Jean-Jacques & Ossard, Hervé & Vuong, Quang, 1991. "Econometrics of First-Price Auctions," IDEI Working Papers 7, Institut d'Économie Industrielle (IDEI), Toulouse.
- J.J. Laffont & H. Ossard & Q.H. Vuong, 1995. "Econometrics of first-price auctions [Econométrie des enchères au premier prix]," Post-Print hal-02710315, HAL.
- Hendricks, Kenneth & Porter, Robert H & Boudreau, Bryan, 1987.
"Information, Returns, and Bidding Behavior in OCS Auctions: 1954-1969,"
Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 517-542, June.
- Boudreau, Bryan & Hendricks, Kenneth & Porter, Robert H., 1986. "Information, Returns, and Bidding Behavior in OCS Auctions: 1954-1969," Working Papers 86-25, C.V. Starr Center for Applied Economics, New York University.
- Hendricks, Kenneth & Porter, Robert H & Spady, Richard H, 1989.
"Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions,"
Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 83-106, October.
- Kenneth Hendricks & Robert H. Porter & Richard H. Spady, 1989. "Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions," Discussion Papers 807, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- McAfee, R Preston & McMillan, John, 1987.
"Auctions and Bidding,"
Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
- R Preston McAfee & John McMillan, 1986. "Auctions and Bidding," University of Western Ontario, Departmental Research Report Series 8601, University of Western Ontario, Department of Economics.
- Thaler, Richard H, 1988. "Anomalies: The Winner's Curse," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 191-202, Winter.
- Porter, Robert H & Zona, J Douglas, 1993.
"Detection of Bid Rigging in Procurement Auctions,"
Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 518-538, June.
- Robert H. Porter & J. Douglas Zona, 1992. "Detection of Bid Rigging in Procurement Auctions," NBER Working Papers 4013, National Bureau of Economic Research, Inc.
- Paarsch, H.J., 1992. "Empirical Models of Auctions and an Application to British Columbian Timber Sales," University of Western Ontario, Departmental Research Report Series 9212, University of Western Ontario, Department of Economics.
- Hansen, Robert G, 1986. "Sealed-Bid versus Open Auctions: The Evidence," Economic Inquiry, Western Economic Association International, vol. 24(1), pages 125-142, January.
- Libecap, Gary D & Wiggins, Steven N, 1985. "The Influence of Private Contractual Failure on Regulation: The Case of Oil Field Unitization," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 690-714, August.
- Hendricks, Kenneth & Porter, Robert H & Wilson, Charles A, 1994.
"Auctions for Oil and Gas Leases with an Informed Bidder and a Random Reservation Price,"
Econometrica, Econometric Society, vol. 62(6), pages 1415-1444, November.
- Hendricks, Kenneth & Porter, Robert H. & Wilson, Charles A., 1990. "Auctions For Oil And Gas Leases With An Informed Bidder And A Random Reservation Price," Working Papers 90-47, C.V. Starr Center for Applied Economics, New York University.
- McAfee, R Preston & Vincent, Daniel, 1992.
"Updating the Reserve Price in Common-Value Auctions,"
American Economic Review, American Economic Association, vol. 82(2), pages 512-518, May.
- R. Preston McAfee & Daniel Vincent, 1992. "Updating the Reserve Price in Common Value Auctions," Discussion Papers 977, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Kenneth Hendricks & Dan Kovenock, 1989. "Asymmetric Information, Information Externalities, and Efficiency: The Case of Oil Exploration," RAND Journal of Economics, The RAND Corporation, vol. 20(2), pages 164-182, Summer.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Michael Dooley & Peter Isard & Mark Taylor, 1992.
"Exchange Rates, Country Preferences, and Gold,"
NBER Working Papers
4183, National Bureau of Economic Research, Inc.
- Mr. Peter Isard & Mr. Mark P. Taylor & Mr. Michael P. Dooley, 1992. "Exchange Rates, Country Preferences, and Gold," IMF Working Papers 1992/051, International Monetary Fund.
- Laffont, Jean-Jacques, 1997.
"Game theory and empirical economics: The case of auction data 1,"
European Economic Review, Elsevier, vol. 41(1), pages 1-35, January.
- Laffont, J.J., 1996. "Game Theory and Empirical Economics: The Case of Auction Data," Papers 95.394, Toulouse - GREMAQ.
- Jean-Jacques Laffont, 1998. "Théorie des jeux et économie empirique : le cas des données issues d'enchères," Économie et Prévision, Programme National Persée, vol. 132(1), pages 121-137.
- Committee, Nobel Prize, 2020. "Improvements to auction theory and inventions of new auction formats," Nobel Prize in Economics documents 2020-2, Nobel Prize Committee.
- Boeheim, Rene & Zulehner, Christine, 1996. "Auctions - A Survey," Economics Series 39, Institute for Advanced Studies.
- Giovanni Compiani & Philip Haile & Marcelo Sant’Anna, 2020.
"Common Values, Unobserved Heterogeneity, and Endogenous Entry in US Offshore Oil Lease Auctions,"
Journal of Political Economy, University of Chicago Press, vol. 128(10), pages 3872-3912.
- Giovanni Compiani & Philip Haile & Marcelo Sant'Anna, 2018. "Common Values, Unobserved Heterogeneity, and Endogenous Entry in U.S. Offshore Oil Lease Auction," NBER Working Papers 24795, National Bureau of Economic Research, Inc.
- Giovanni Compiani & Phil Haile & Marcelo Sant'Anna, 2018. "Common values, unobserved heterogeneity, and endogenous entry in U.S. offshore oil lease auctions," CeMMAP working papers CWP37/18, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Giovanni Compiani & Philip A. Haile & Marcelo Sant'Anna, 2018. "Common Values, Unobserved Heterogeneity, and Endogenous Entry in U.S. Offshore Oil Lease Auctions," Cowles Foundation Discussion Papers 2137R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2019.
- Giovanni Compiani & Philip A. Haile & Marcelo Sant'Anna, 2018. "Common Values, Unobserved Heterogeneity, and Endogenous Entry in U.S. Offshore Oil Lease Auctions," Cowles Foundation Discussion Papers 2137, Cowles Foundation for Research in Economics, Yale University.
- Susan Athey & Philip A. Haile, 2002.
"Identification of Standard Auction Models,"
Econometrica, Econometric Society, vol. 70(6), pages 2107-2140, November.
- Athey,S. & Haile,P.A., 2000. "Identification of standard auction models," Working papers 13, Wisconsin Madison - Social Systems.
- Cramton, Peter C, 1995.
"Money Out of Thin Air: The Nationwide Narrowband PCS Auction,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 4(2), pages 267-343, Summer.
- Peter Cramton, 1995. "Money Out of Thin Air: The Nationwide Narrowband PCS Auction," Papers of Peter Cramton 95jems, University of Maryland, Department of Economics - Peter Cramton, revised 09 Jun 1998.
- Kenneth Hendricks & Joris Pinkse & Robert H. Porter, 2003.
"Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(1), pages 115-145.
- Rob Porter, 1999. "Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions," Working papers 99-19, Massachusetts Institute of Technology (MIT), Department of Economics.
- Kenneth Hendricks & Joris Pinkse & Robert H. Porter, 2001. "Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions," NBER Working Papers 8294, National Bureau of Economic Research, Inc.
- Villas-Boas, Sofia B, 2006. "An Introduction to Auctions," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4tk408vh, Department of Agricultural & Resource Economics, UC Berkeley.
- Villas-Boas Sofia B, 2006. "An Introduction to Auctions," Journal of Industrial Organization Education, De Gruyter, vol. 1(1), pages 1-22, December.
- Susan Athey & Philip A. Haile, 2006.
"Empirical Models of Auctions,"
NBER Working Papers
12126, National Bureau of Economic Research, Inc.
- Susan Athey & Philip A. Haile, 2006. "Empirical Models of Auctions," Cowles Foundation Discussion Papers 1562, Cowles Foundation for Research in Economics, Yale University.
- Susan Athey & Philip A. Haile, 2006. "Empirical Models of Auctions," Levine's Bibliography 122247000000001045, UCLA Department of Economics.
- Aron, Janine & Elbadawi, Ibrahim, 1994. "A typology of foreign exchange auction markets in sub-Saharan Africa : dynamic models for auction exchange rates," Policy Research Working Paper Series 1396, The World Bank.
- Fernando Branco, 1996. "Common value auctions with independent types," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 283-309, December.
- Matoso, Rafael & Rezende, Marcelo, 2014. "Asymmetric information in oil and gas lease auctions with a national company," International Journal of Industrial Organization, Elsevier, vol. 33(C), pages 72-82.
- Gerard Marty & Raphaele Preget, 2007.
"A Socio-economic Analysis of French Public Timber Sales,"
Working Papers - Cahiers du LEF
2007-03, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
- Gérard Marty & Raphaële Préget, 2010. "A Socio-Economic Analysis of French Public Timber Sales," Post-Print hal-03930421, HAL.
- Grosskopf, Brit & Rentschler, Lucas & Sarin, Rajiv, 2018. "An experiment on first-price common-value auctions with asymmetric information structures: The blessed winner," Games and Economic Behavior, Elsevier, vol. 109(C), pages 40-64.
- De Silva, Dakshina G. & Dunne, Timothy & Kankanamge, Anuruddha & Kosmopoulou, Georgia, 2008.
"The impact of public information on bidding in highway procurement auctions,"
European Economic Review, Elsevier, vol. 52(1), pages 150-181, January.
- Dakshina De Silva & Timothy Dunne & Anuruddha Kankanamge & Georgia Kosmopoulou, 2005. "The Impact of Public Information on Bidding in Highway Procurement Auctions," Microeconomics 0511011, University Library of Munich, Germany.
- Quang Vuong & Sandra Campo & Isabelle Perrigne, 2003. "Asymmetry in first-price auctions with affiliated private values," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(2), pages 179-207.
- Christopher J. Meyer, 1993. "Assessing the performance of real estate auctions," Working Papers 93-1, Federal Reserve Bank of Boston.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:4185. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.