Leasing Offshore Oil: An Analysis of Alternative Information and Bidding Systems |
Contents
A MODEL OF BONUS BIDDING | 10 |
RESULTS AND IMPLICATIONS | 27 |
EXTENSIONS TO OTHER LEASING SYSTEMS | 43 |
Copyright | |
1 other sections not shown
Common terms and phrases
ABSER bidding system bidding variable BIGND CADRE Capen CCAD COMMON GLOBALS COMPUTE CONVERGENCE CURRENT SUBINTERVAL DATA DIVISION OF RENT economic rent EPSX ERGOAL ERRER ERROR FUNCTION expected fraction exploration EXTRAPOLATION FBEG FC,SSIGSQ FEXTRP FIGURE FORMAT FORTRAN fraction of rent FRACTION OF TRACTS g(sv GO TO 90 government rent capture HMIN IBEG IEND IFLAG IMAG4 IMSL industry INPUT INTEGRAND INTEGRATION ISTAGE ISTEP lease sales leasing system Lesso level of uncertainty LOG OF SIGNAL lognormally distributed NARG Nash equilibrium NCOMP NUMBER OF FIRMS obtain OCS leasing offshore oil OPTIMAL BIDDING STRATEGY PARAMETERS profit share bidding r(vis recovered by society RELER result RETURN CONTINUE RETURN END ROOT2 royalty bidding SMAX SMAX,SMIN SMIN SSIG strategy function SUBROUTINE TIGND TRACTS LEASED TRAPEZOID SUM TRUE VALUE uneconomic tracts v-fc value estimate signal VARIANCE OF LOG VGSMU VGSS VGSSQ VSIG VSIGSQ