Similar Search Results

Bidding Rings and the Winner's Curse: The Case of Federal Offshore Oil and Gas Lease Auctions

Hendricks, Ken; Porter, Robert H.; Tan, Guofu - 2003

This paper extends the theory of legal cartels to a.liated private value and common value environments, and applies the theory to explain joint bidding patterns in U.S. federal government o.shore oil and gas lease auctions. We show that e.cient collusion is always possible in private value...

Persistent link: https://www.econbiz.de/10010276296

Optimal selling strategies for oil and gas leases with an informed buyer

Hendricks, Kenneth; Porter, Robert H.; Tan, Guofu - 1993

Persistent link: https://www.econbiz.de/10000859063

Entry and exit in hub-spoke networks

Hendricks, Ken; Piccione, Michele; Tan, Guofu - 1995

Persistent link: https://www.econbiz.de/10000555712

Equilibria in networks

Hendricks, Kenneth; Piccione, Michele; Tan, Guofu - 1997

Persistent link: https://www.econbiz.de/10000645677

Bidding rings and the winner's curse

Hendricks, Kenneth; Porter, Robert H.; Tan, Guofu - In: The Rand journal of economics 39 (2008) 4, pp. 1018-1041

Persistent link: https://www.econbiz.de/10003800336

Bidding rings and the winner's curse : the case of federal offshore oil and gas lease auctions

Hendricks, Kenneth (contributor); … - 2003 - [Elektronische Ressource]

This paper extends the theory of legal cartels to aliated private value and common value environments, and applies the theory to explain joint bidding patterns in U.S. federal government o.shore oil and gas lease auctions. We show that e.cient collusion is always possible in private value...