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- W2761058994 abstract "I study a scoring auctions implemented in Brazil to sell oil exploration rights. Differently from most sales of this kind, bidders had to submit a multi-dimensional bid that included a bonus and an exploratory program. A non-linear scoring rule determined the winner. I propose a method to estimate the underlying primitive distribution of tract values and exploration commitment costs. Estimating the distribution of those primitives allows the evaluation of counterfactual revenues in alternative bidding schemes. I find that a first price auction would imply a 9.7% higher revenue from the sales examined." @default.
- W2761058994 created "2017-10-20" @default.
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- W2761058994 date "2017-10-01" @default.
- W2761058994 modified "2023-09-27" @default.
- W2761058994 title "Empirical analysis of scoring auctions for oil and gas leases" @default.
- W2761058994 hasPublicationYear "2017" @default.
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