Shortcomings of the Brazilian Pre-Salt Auction Design
The Brazilian government instituted a new regulatory framework for auctioning pre-salt oil reserves to replace the previous concession regime with a profitshare bidding auction. Motivated by the new rules, we present a model of revenue share bidding auction under affiliation. We prove the existence...
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| Other Authors: | , , |
| Format: | article |
| Language: | eng |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402016000400379 |
| Country: | Brazil |
| Oai: | oai:scielo:S0034-71402016000400379 |