Template-Type: ReDIF-Article 1.0
Author-Name:  Paul R. Kobrin
Title:  The Cost of OCS Bid Rejection
Classification-JEL: F0
Pages:  83-97
Volume:  Volume 7
Issue:  Number 1
Year:  1986
Abstract:  The U.S. Interior Department periodically offers Outer Continental Shelf (OCS) tracts for lease at seated bid auction. The bid variable typically is the bonus, a sum paid by the lessee at commencement of the lease. A tract is awarded only to the high bidder. However, the seller often deems even the high bid insufficient, rejecting it and withholding the tract for possible laterauction.
Handle: RePEc:aen:journl:1986v07-01-a06
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1751
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