Matches in SemOpenAlex for { <https://semopenalex.org/work/W2890856846> ?p ?o ?g. }
Showing items 1 to 86 of
86
with 100 items per page.
- W2890856846 abstract "This dissertation comprises three essays addressing questions from Industrial Organization Economics concerning the oil and gas industry. The essays offer substantive contributions to the study of joint decision-making (Chapter 2), extrapolative beliefs (Chapter 3), and auctions (Chapter 4). Chapter 2 investigates the quality of joint operations, where multiple oil and gas companies explore a piece of land together. By developing a discrete-choice model which can be matched to actual drilling data, I show that joint operators consisting of only large companies have the least accurate signals. Further counterfactual analyses show that the best policy governing joint operations depends on government priority: to maximize revenue or to avoid damage to the environment. Chapter 3, co-authored with Lawrence Jin and Matthew Shum, presents a model of dynamic investment and production in which producers over-extrapolate recent demand conditions into the future. We show theoretically and empirically that, in a volatile industry, these biased beliefs can be beneficial in the long-run by counteracting the general trend in the industry. Calibration of our model to Alaska oil exploration shows that the cushioning effect can be large in reducing price decline and accelerating price recovery. Chapter 4 examines whether common value or private value auction model best describes the bidding decisions made by oil and gas companies. The common value model suggests that more competition can lead to lower equilibrium bids from bidders and lower revenue. By analyzing tract auction data from Alaska, I find that common value components play a slightly larger role when observable heterogeneity is removed. However, expected revenue still increases with competition and plateaus when competition becomes sufficiently high." @default.
- W2890856846 created "2018-09-27" @default.
- W2890856846 creator A5038477392 @default.
- W2890856846 date "2018-01-01" @default.
- W2890856846 modified "2023-09-23" @default.
- W2890856846 title "Information and Strategic Decision-Making in the Oil and Gas Industry: An Empirical Assessment" @default.
- W2890856846 doi "https://doi.org/10.7907/3gad-4z16." @default.
- W2890856846 hasPublicationYear "2018" @default.
- W2890856846 type Work @default.
- W2890856846 sameAs 2890856846 @default.
- W2890856846 citedByCount "0" @default.
- W2890856846 crossrefType "dissertation" @default.
- W2890856846 hasAuthorship W2890856846A5038477392 @default.
- W2890856846 hasConcept C10138342 @default.
- W2890856846 hasConcept C108650721 @default.
- W2890856846 hasConcept C111472728 @default.
- W2890856846 hasConcept C119857082 @default.
- W2890856846 hasConcept C127413603 @default.
- W2890856846 hasConcept C138885662 @default.
- W2890856846 hasConcept C162324750 @default.
- W2890856846 hasConcept C163239763 @default.
- W2890856846 hasConcept C175444787 @default.
- W2890856846 hasConcept C18903297 @default.
- W2890856846 hasConcept C195487862 @default.
- W2890856846 hasConcept C2776291640 @default.
- W2890856846 hasConcept C2778137410 @default.
- W2890856846 hasConcept C2778348673 @default.
- W2890856846 hasConcept C2778865806 @default.
- W2890856846 hasConcept C40700 @default.
- W2890856846 hasConcept C41008148 @default.
- W2890856846 hasConcept C41895202 @default.
- W2890856846 hasConcept C526740375 @default.
- W2890856846 hasConcept C86803240 @default.
- W2890856846 hasConcept C87717796 @default.
- W2890856846 hasConcept C91306197 @default.
- W2890856846 hasConcept C9233905 @default.
- W2890856846 hasConceptScore W2890856846C10138342 @default.
- W2890856846 hasConceptScore W2890856846C108650721 @default.
- W2890856846 hasConceptScore W2890856846C111472728 @default.
- W2890856846 hasConceptScore W2890856846C119857082 @default.
- W2890856846 hasConceptScore W2890856846C127413603 @default.
- W2890856846 hasConceptScore W2890856846C138885662 @default.
- W2890856846 hasConceptScore W2890856846C162324750 @default.
- W2890856846 hasConceptScore W2890856846C163239763 @default.
- W2890856846 hasConceptScore W2890856846C175444787 @default.
- W2890856846 hasConceptScore W2890856846C18903297 @default.
- W2890856846 hasConceptScore W2890856846C195487862 @default.
- W2890856846 hasConceptScore W2890856846C2776291640 @default.
- W2890856846 hasConceptScore W2890856846C2778137410 @default.
- W2890856846 hasConceptScore W2890856846C2778348673 @default.
- W2890856846 hasConceptScore W2890856846C2778865806 @default.
- W2890856846 hasConceptScore W2890856846C40700 @default.
- W2890856846 hasConceptScore W2890856846C41008148 @default.
- W2890856846 hasConceptScore W2890856846C41895202 @default.
- W2890856846 hasConceptScore W2890856846C526740375 @default.
- W2890856846 hasConceptScore W2890856846C86803240 @default.
- W2890856846 hasConceptScore W2890856846C87717796 @default.
- W2890856846 hasConceptScore W2890856846C91306197 @default.
- W2890856846 hasConceptScore W2890856846C9233905 @default.
- W2890856846 hasLocation W28908568461 @default.
- W2890856846 hasOpenAccess W2890856846 @default.
- W2890856846 hasPrimaryLocation W28908568461 @default.
- W2890856846 hasRelatedWork W142436241 @default.
- W2890856846 hasRelatedWork W1489712426 @default.
- W2890856846 hasRelatedWork W1491169852 @default.
- W2890856846 hasRelatedWork W1497070813 @default.
- W2890856846 hasRelatedWork W1515636054 @default.
- W2890856846 hasRelatedWork W159619183 @default.
- W2890856846 hasRelatedWork W1967233883 @default.
- W2890856846 hasRelatedWork W1990874581 @default.
- W2890856846 hasRelatedWork W2037687601 @default.
- W2890856846 hasRelatedWork W2081941571 @default.
- W2890856846 hasRelatedWork W2158982780 @default.
- W2890856846 hasRelatedWork W22267101 @default.
- W2890856846 hasRelatedWork W246237066 @default.
- W2890856846 hasRelatedWork W2505674114 @default.
- W2890856846 hasRelatedWork W2511595638 @default.
- W2890856846 hasRelatedWork W2772595343 @default.
- W2890856846 hasRelatedWork W2808813794 @default.
- W2890856846 hasRelatedWork W833886742 @default.
- W2890856846 hasRelatedWork W95977343 @default.
- W2890856846 hasRelatedWork W31128277 @default.
- W2890856846 isParatext "false" @default.
- W2890856846 isRetracted "false" @default.
- W2890856846 magId "2890856846" @default.
- W2890856846 workType "dissertation" @default.