MEAD, WALTER J.; MOSEIDJORD, ASBJORN; MURAOKA, DENNIS D. - In: Contemporary Economic Policy 2 (1984) 5, pp. 30-43
Prior to 1979, a cash bonus was used almost exclusively as the bid variable at outer continental shelf (OCS) lease auctions. Criticisms of the cash bonus as a bid variable led to the OCS Lands Act Amendments of 1978 which stipulated that alternative bid variables be employed on a portion of the...