The Role of Information in U.S. Offshore Oil and Gas Lease Auctions
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This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since 1954. Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling
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美国国家经济研究局创建时间：
1992-10-01
