المستودع الأكاديمي جامعة المدينة

Firm behaviour under alternative bidding systems for US OCS hydrocarbon leases

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dc.creator Foders, Federico
dc.date 1985
dc.date.accessioned 2013-10-16T06:20:09Z
dc.date.available 2013-10-16T06:20:09Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/726
dc.identifier ppn:057006768
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/726
dc.description One of the least settled issues in US offshore oil policy is the "best" scheme to capture resource rents arising from hydrocarbon production. This paper analyses the impact of alternative bidding systems on the intertemporal production path and on the firm's investment decision. It concludes that with the exception of the pure profit share system all other pure or mixed bidding systems are likely to have a distortive effect on production and, thus, eventually lead to a dissipation of economic rent. Further, no leasing system authorised by current public law is found to be neutral regarding investment decisions.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 223
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.title Firm behaviour under alternative bidding systems for US OCS hydrocarbon leases
dc.type doc-type:workingPaper


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