Number of bids, number of bidders and bidding behavior in outer-continental shelf oil lease auction markets

Article Abstract:

Number of bids (NB) and number of bidders (NBD) are usually interchangeable measures in theorectical models of auction bidding markets. In joint bidding events, however, this will not always hold true. An analysis of outer-continental offshore oil auctions imply that NBD is a better indicator of interest variables such as winning bids and average bids than NB. These findings are significant for developing theoretical models that are reliable in predicting actual bidding auction outcomes.

Research, Interpretation and construction, Economic forecasting, Auctions, Oil and gas leases

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Asymmetric information: a laboratory experimental analysis

Article Abstract:

A networked system for conducting controlled laboratory experiments was developed and utilized for the analysis of market function under different conditions. The methodology for the analysis of market performance under controlled laboratory conditions incorporates a communication and recording network among work stations that contain stand alone decision support systems. Furthermore, the methodology can be utilized as an alternative to techniques using recorded historical market data.

Market Research, Operations Research, Securities, Information services, Insider trading in securities, Insider trading (Securities), Information systems

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Heuristics for selecting robust database structures with dynamic query patterns

Article Abstract:

Simulation methods, which are used to examine the impact of database management problems on managerial decision-making, are presented.

United States, Management dynamics, Methods, Decision-making, Decision making, Management, Simulation methods, Simulation, Company business management, Database administration

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