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Shortcomings of the Brazilian Pre-Salt Auction Design

Author

Listed:
  • Araujo, Aloisio
  • Costellini, Clara
  • Damé, Otávio
  • Monteiro, Paulo K.

Abstract

Brazil's has had high expectations about its new Pre--Salt auction format. We discuss some of its inadequacies.

Suggested Citation

  • Araujo, Aloisio & Costellini, Clara & Damé, Otávio & Monteiro, Paulo K., 2016. "Shortcomings of the Brazilian Pre-Salt Auction Design," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 70(4), December.
    • Handle: RePEc:fgv:epgrbe:v:70:y:2016:i:4:a:63432
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    1. Karlin, Samuel & Rinott, Yosef, 1980. "Classes of orderings of measures and related correlation inequalities. I. Multivariate totally positive distributions," Journal of Multivariate Analysis, Elsevier, vol. 10(4), pages 467-498, December.
    2. Douglas K. Reece, 1979. "An Analysis of Alternative Bidding Systems for Leasing Offshore Oil," Bell Journal of Economics, The RAND Corporation, vol. 10(2), pages 659-669, Autumn.
    3. Menezes, Flavio M., 2008. "An Introduction to Auction Theory," OUP Catalogue, Oxford University Press, number 9780199275991.
    4. Monteiro, Paulo K. & Araujo, Aloisio & Damé, Otávio & Costellini, Clara, 2016. "A note on auctions with compulsory partnership," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 70(4), December.
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