Uncertainty, Experience and the Winner's Curse in OCS Lease Bidding

Otis W. Gilley; Gordon V. Karels; Robert P. Leone

doi:10.1287/mnsc.32.6.673

Uncertainty, Experience and the Winner's Curse in OCS Lease Bidding

Otis W. Gilley
, Gordon V. Karels
, Robert P. Leone

University of Alaska Fairbanks
University of Nebraska Omaha
University of Texas at Austin

Research output: Contribution to journal › Article › peer-review

Original language	American English
Journal	Management Science
Volume	32
Issue number	6
DOIs	https://doi.org/10.1287/mnsc.32.6.673
State	Published - Jun 1 1986
Externally published	Yes

Disciplines

Economics

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title = "Uncertainty, Experience and the Winner's Curse in OCS Lease Bidding",

author = "Gilley, \{Otis W.\} and Karels, \{Gordon V.\} and Leone, \{Robert P.\}",

note = "This paper presents an empirical test of the major hypothesis of the currently-accepted bidding models in two regions of differing tract value uncertainty. The most significant result is an empiric...",

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doi = "10.1287/mnsc.32.6.673",

language = "American English",

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AU - Gilley, Otis W.

AU - Karels, Gordon V.

AU - Leone, Robert P.

N1 - This paper presents an empirical test of the major hypothesis of the currently-accepted bidding models in two regions of differing tract value uncertainty. The most significant result is an empiric...

PY - 1986/6/1

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U2 - 10.1287/mnsc.32.6.673

DO - 10.1287/mnsc.32.6.673

M3 - Article

VL - 32

JO - Management Science

JF - Management Science

IS - 6

ER -

Uncertainty, Experience and the Winner's Curse in OCS Lease Bidding

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