Hendricks, Kenneth (contributor); Pinkse, Joris (contributor) - 1999 - [Elektronische Ressource]
seminars. Hendricks and Pinkse received financial support SSHRCC, and Porter from the NSF.
Abstract
This paper studies federal …
drilled. Firms are allowed to conduct seismic studies prior to bidding for these tracts,
but they are not permitted to drill … exploratory wells. The seismic studies yield noisy
signals about the value of the tract. Thus, rms are more or less equally …