MODELING THE NUMBER OF BIDS RECEIVED FOR OUTER CONTINENTAL SHELF LEASES BY POISSON-TYPE MODELS.

Lawrence A. Bruckner, Christopher J. Nachtsheim

Research output: Contribution to journalArticlepeer-review

Abstract

To study the influence of alternative bidding systems on the number of bids received, a mixed Poisson-type model has previously been employed. The authors show why this model is not statistically supportable. A truncated model is proposed and is shown to be statistically justified for the number of solo bids over all sales and marginally supported for the number of joint bids on sales before the joint-bidding ban.

Original languageEnglish (US)
Pages (from-to)1263-1267
Number of pages5
JournalJPT, Journal of Petroleum Technology
Volume35
Issue number8
DOIs
StatePublished - 1983

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