Showing 1 - 10 of 18,250
Persistent link: https://www.econbiz.de/10012013468
issues concern the design of the lease contract, the design of the auction, and the supply of leases. A distinguishing …
Persistent link: https://www.econbiz.de/10010233153
This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We … newly discovered shale formations in Texas, between 2005 and 2016. On roughly three quarters of this land, the Texas … companies, and leases allocated by auction are 44% more productive. These results are consistent with theoretical intuitions …
Persistent link: https://www.econbiz.de/10012889437
This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We … focus on Texas, where legislative decisions in the early twentieth century assigned thousands of proximate parcels to …
Persistent link: https://www.econbiz.de/10012889483
This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We … focus on Texas, where legislative decisions in the early twentieth century assigned thousands of proximate parcels to …
Persistent link: https://www.econbiz.de/10012479663
Persistent link: https://www.econbiz.de/10010490975
concern the design of the lease contract, the design of the auction, and the supply of leases. A distinguishing feature of oil …
Persistent link: https://www.econbiz.de/10014141727
Persistent link: https://www.econbiz.de/10003494440
competitively in a limited number of auctions only, and we discuss how our results can help to improve oil and gas tract auction …
Persistent link: https://www.econbiz.de/10013092779
This paper extends the theory of legal cartels to affiliated private value and common value environments, and applies the theory to explain joint bidding patterns in U.S. federal government offshore oil and gas lease auctions. We show that efficient collusion is always possible in private value...
Persistent link: https://www.econbiz.de/10012468862