Last edited by Taramar
Thursday, May 14, 2020 | History

2 edition of Further results on equilibrium patterns of competition in OCS lease sales found in the catalog.

Further results on equilibrium patterns of competition in OCS lease sales

by James L. Smith

  • 142 Want to read
  • 26 Currently reading

Published by College of Commerce and Business Administration, Bureau of Economic and Business Research, University of Illinois at Urbana-Champaign in [Urbana, Ill.] .
Written in English


Edition Notes

Includes bibliographical references (p. 9).

StatementJames L. Smith
SeriesBEBR faculty working paper -- no. 903, BEBR faculty working paper -- no. 903.
ContributionsUniversity of Illinois at Urbana-Champaign. College of Commerce and Business Administration, University of Illinois at Urbana-Champaign. Bureau of Economic and Business Research
The Physical Object
Pagination[1] leaf, 9 p. :
ID Numbers
Open LibraryOL24625795M
OCLC/WorldCa701245151

Definition of a lease Identified asset? Customer obtains substantially all economic benefits? 8 Yes Customer directs the use? Yes Yes Contract is (or contains) a lease No No No Contract is not a lease Does the customer control use of identified asset through-out period of use?File Size: KB. Answers to Chapter 10 Exercises Review and practice exercises Market size and market structure. Explain in words why the number of firms in a free-entry equilibrium may be less than proportional to market size. Answer: The explanation lies in the fact that as the number of firms increases, so does Size: KB.

Price and stock details listed on this site are as accurate as possible, and subject to change. Occasionally, due to the nature of some contractual restrictions, we are unable to ship to some territories; for further details on shipping restrictions go to our Help section. I'm an avid reader of real estate books and believe that one item in this book makes it well worth the cost. As an attorney and somewhat experienced lease/option investor myself, it has long been apparent to me that most lease option programs hawked by the so-called experts create equity title problems which can result in costly foreclosures/5(3).

  For decades, even when oil prices were higher, sales of Gulf of Mexico leases have been defined by a near absence of actual competition. POGO’s analysis of auction competitiveness focused on the Gulf of Mexico because, in recent decades, that has been by far the main arena for U.S offshore oil and gas production and lease sales. Office. The Adjudication Unit issues OCS leases, maintains the active lease records relating to all OCS leases in the Gulf of Mexico Region, coordinates and administers Gulf of Mexico Region OCS lease sales in conjunction with the Sales and Support Unit, and receives, reviews, and approves all transfers of interests in OCS leases in that region


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Further results on equilibrium patterns of competition in OCS lease sales by James L. Smith Download PDF EPUB FB2

The current results strongly reinforce the tentative conclusions advanced in the previous paper, and demonstrate the robustness of the model.

In light of the current results, it seems very likely that participants in offshore lease sales behave as if their operations were constrained physically such that only a limited volume of petroleum reserves are pursued in any one : James L.

Smith. Smith, James L, "Further Results on Equilibrium Patterns of Competition in OCS Lease Sales," Economic Inquiry, Western Economic Association International, vol. Further results on equilibrium patterns of competition in OCS lease sales / BEBR No By James Lee Smith.

Download PDF ( KB) Abstract. Includes bibliographical references (p. Author: James Lee Smith. "Further Results on Equilibrium Patterns of Competition in OCS Lease Sales," Economic Inquiry, (January ). "Regional Modelling of Oil Discovery and Production," Energy Economics, with J.

Paddock (January ). "Joint Bidding, Collusion, and Bid Clustering in Competitive Auctions," Southern Economic Journal (October ). further results on equilibrium patterns of competition in ocs lease sales Economic Inquiry, Vol.

22, No. 1 EQUILIBRIUM PATTERNS OF COMPETITION IN OCS LEASE SALESCited by: "Equilibrium Patterns of Competition in OCS Lease Sales," Economic Inquiry, Western Economic Association International, vol.

20(2), pagesApril. Smith, James L, " Non-Aggressive Bidding Behavior and the "Winner's Curse.". Competition Law at King’s College London and the Training Programme for National Judges in EC Competition Law at Oxford University. For further information about this course, the price, and to book your place, please contact us on: Tel: +44 (0) Fax: +44 (0) Email: [email protected] Assumptions of the Perfect Competition Model.

The perfect competition model is built on five assumptions: An idealized market in which there are many buyers and sellers who are price takers, sellers are free to either enter or exit the market, the good or service being sold is the same for all sellers, and all buyers and sellers have perfect information.

A real estate lease is simply the sale of the use of space for a speci ed period of time. The tenant receives the bene ts of using the space and the landlord receives the value of lease payments. While the contractual speci cations of leases can be quite complex, in equilibrium the value of the lease payments must equal the value.

Start studying Economics Terms Chapter 6 Section 2. Learn vocabulary, terms, and more with flashcards, games, and other study tools. recognize more gross profit on a sales-type lease with a guaranteed residual value than on a sales-type lease with an unguaranteed residual value.

All of. Financing patterns around the world. Figures given are firm averages for each country, and they are the proportion of investment financed by each source. External finance is the sum of bank, equity, leasing, supplier credit, development bank and informal finance.

Bank finance includes financing from domestic as well as foreign by: So, Willy entered into a Lease Agreement with Lone Mesquite Autoplex (“LMA”).

The terms of the Lease Agreement required Willy to pay LMA a cash deposit of $1, plus $ per month for 60 months (total lease payments = $15,). At the end of the month lease term, Willy could purchase the truck for its then-”blue book” value, orFile Size: KB.

Further, Baker and Wurgler () has found that the low-leverage companies tend to be the companies that have raised funds when their market to book values were high, and conversely high-leverage.

describing this industry. The model of monopolistic competition shows that price-making, profit-maximizing behavior is consistent with a zero-profit long-run equilibrium. The strong scale economies in book publishing imply that the gap between price and marginal cost is File Size: KB.

The results are: (1) land price and housing price have mutual causal relationship and feedback mechanism; (2) land price and housing price have equilibrium relationship in a long term but are. A graphical depiction of equilibrium.

The graphical approach to equilibrium analysis is illustrated in Figure. The equilibrium price and quantity are determined by the intersection of the two curves. The equilibrium quantity is 4 units of good X, and the equilibrium price is $2 per unit of good X.

This result is the same as the one obtained by. D.2 Uniqueness of Equilibrium E Additional Estimation and Simulation Results Sections V and VI E.1 Estimates of Entry Cost E.2 Sensitivity of Simulations with respect to δ F Producer Surplus in Strategic Trade Policy Sections I and VI.C G Competitive Shakeout Model Section V.C G.1 Non-strategic Models of Industry Dynamics with Shakeout.

of nine Articles, including Article 2 on sales. Although Pennsylvania in became the first state to enact the Code, further enactments bogged down when the legislature and governor in New York referred it to the New York State Law Revision Commission.

Based on recommendations of the New. transferred at the end of a lease, the agreement is really a sale agreement in which financing has been provided by the so-called lessor: a finance lease; or • are not. transferred at the end of the lease, the agreement is a true lease: an operating lease.

The lease classification is therefore the same for a lessor as for a lessee. Definitions. Instead, an equilibrium concept is defined directly on the set of outcomes that emerge from the investment process that occurs over periods 1 to T. An outcome is described by a list of the firms' capabilities, from which we can deduce the pattern of market shares that will emerge in the final stage (price competition) subgame.An overview of competition issues impacting vertical commercial agreements Produced in partnership with K&L Gates LLP EU and UK competition law prohibit certain contractual restrictions where a supplier of goods or services seeks to impose restrictions on the buyer further down the production or File Size: KB.A Lease is a contractual agreement between a lessor and a lessee that gives the lessee the right to use specific property, owned by the lessor, for a specified period of time in return for stipulated, and generally periodic, cash payments (rents).

payment (gain/ loss results on final paymentFile Size: KB.