TY - JOUR
T1 - MODELING THE NUMBER OF BIDS RECEIVED FOR OUTER CONTINENTAL SHELF LEASES BY POISSON-TYPE MODELS.
AU - Bruckner, Lawrence A.
AU - Nachtsheim, Christopher J.
PY - 1983
Y1 - 1983
N2 - 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.
AB - 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.
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U2 - 10.2118/9724-pa
DO - 10.2118/9724-pa
M3 - Article
AN - SCOPUS:0020780545
SN - 0149-2136
VL - 35
SP - 1263
EP - 1267
JO - JPT, Journal of Petroleum Technology
JF - JPT, Journal of Petroleum Technology
IS - 8
ER -