K Hendricks… - The American Economic Review, 1988 - JSTOR
This paper examines federal auctions for drainage leases on the Outer Continental Shelf
from 1959 to 1969. These are leases which are adjacent to tracts on which a deposit has
been discovered. We find that the data suggest that neighbor firms are better informed ...
K Hendricks, RH Porter… - The Journal of Industrial Economics, 1987 - JSTOR
This paper examines federal auctions for leases on the Outer Continental Shelf (OCS) in the
light of the predictions of the first-price, sealed bid, common values model of auctions. We
find that the data strongly support the model for auctions in which one bidder is better ...
K Hendricks, J Pinkse… - Review of Economic …, 2003 - Wiley Online Library
This paper studies federal auctions for wildcat leases on the Outer Continental Shelf from
1954 to 1970. These are leases where bidders privately acquire (at some cost) noisy, but
equally informative, signals about the amount of oil and gas that may be present. We ...
K Hendricks… - Annales d'Economie et de Statistique, 1989 - JSTOR
Despite substantial legal evidence of collusion in auctions, there has been very little
theoretical or empirical work on this subject by economists. This survey paper discusses
mechanisms that are likely to facilitate collusion in auctions, as well as methods of ...
K Hendricks… - Canadian Journal of Economics, 1995 - JSTOR
In this paper, we survey some recent empirical work concerning auctions, first outlining two
complementary approaches to the empirical analysis of auctions, and then discussing
several recent developments in the econometric analysis of field data concerning auctions ...
K Hendricks, RH Porter… - Econometrica: Journal of the …, 1994 - JSTOR
We analyze a first-price, sealed bid auction with a random reservation price to study the
federal sales of offshore oil and gas leases on drainage tracts. Our model assumes the
object to be sold has an unknown common value, but one buyer has better information ...
K Hendricks… - The Rand Journal of Economics, 1989 - JSTOR
In this article we examine the effect of private information and information externalities on the
ex post efficiency of investment in oil exploration. We show that too much drilling tends to
occur if firms believe that the area is likely to contain a sizeable pool of oil, and too little ...
K Hendricks… - The American Economic Review, 1992 - JSTOR
Joint bidding is the practice of two or more firms submitting a single bid on a lease. Bidding
consortia are common in auctions for offshore leases. The frequency of joint bidding
increased markedly during the early 1970's, and became a matter of concern to ...
K Hendricks… - The American Economic Review, 1996 - JSTOR
This paper documents exploratory drilling activity on offshore wildcat oil and gas leases in
the Gulf of Mexico sold between 1954 and 1980. We calculate the empirical drilling hazard
function for cohorts in specific areas. For each year of the lease, we study the ...
K Hendricks… - manuscript, University of Texas, Austin, 2000 - papers.ssrn.com
Abstract: In horizontal mergers, concentration is often measured with the Hirschmann-
Herfindahl Index (HHI). This index yields the price-cost margins in Cournot competition. In
many modern merger cases, both buyers and sellers have market power, and indeed, the ...
K Hendricks… - Journal of Economics & …, 2006 - Wiley Online Library
In both economic and military situations, agents may try to mislead rivals about their true
types or plans, whatever they may be. We consider a simple model in which one player
attacks and the other player defends. We show that such environments have two types of ...
[CITATION] oEmpirical Implications of Equilibrium Bidding in First&Price
K Hendricks, J Pinkse… - Symmetric, Common Value Auctions, pReview of …, 2003
K Hendricks - International Journal of Industrial Organization, 1992 - Elsevier
Abstract This paper studies the effects of uncertainty on the timing of adoption of a new
technology in a duopoly. Firms are uncertain of the innovative capabilities of their rivals and
about the profitability of adoption. These features lead to a richer and, in some respects, ...
K Hendricks, RH Porter… - JL & Econ. S83, 1989 - HeinOnline
R, I. Introduction.. ecent surveys of the economic literature on auctions1 indicate that there
has been a great deal of theoretical work on the properties of equilibrium behavior in
auctions and on the design of auctions to maximize the seller's revenues in the presence ...
K Hendricks, RH Porter… - The American Economic Review, 1993 - JSTOR
From 1954 to 1990, the US Department of Interior auctioned mineral rights to 12,288 tracts
on federal offshore lands in a succession of lease sales. Each sale consisted of the
simultaneous auction of many (usually 100 or more) tracts. The auction format was first- ...
K Hendricks… - Economic Inquiry, 2010 - Wiley Online Library
In horizontal mergers, concentration is often measured with the Hirschman–Herfindahl Index
(HHI). This index yields the price–cost margins in Cournot competition. In many modern
merger cases, both buyers and sellers have market power, and indeed, the buyers and ...
K Hendricks… - 1993 - nber.org
This paper documents exploratory drilling activity on offshore wildcat oil and gas leases in
the Gulf of Mexico that were sold between 1954 and 1990, with emphasis on the period
before 1980. For each year of the lease, we study the determinants of the decision ...
K Hendricks… - Handbook of Industrial Organization” …, 2000 - econweb.tamu.edu
Auctions are an important market institution, and the subject of a lot of good theory. There
has also been a lot of recent empirical work using auction data. Examples of auction markets
with available data sets include:• government sales: timber and mineral rights, oil and gas ...
[CITATION] Analysis and opinion on retail gas inquiry
K Hendricks - report prepared for Industry Canada, 1996
K Hendricks, R Amit… - 1997 - Citeseer
Abstract This paper provides enhanced micro data on all employer enterprises that operated
in Canada during the period 1984 to 1993. The data analysis centres on Canadian-
controlled Private Corporations (CCPCs), a class of enterprises that enjoy a unique tax ...
K Hendricks… - European Economic Review, 1993 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
K Hendricks, A Sorensen… - American Economic …, 2012 - ingentaconnect.com
Abstract: We develop a model of herds in which consumers observe only the aggregate
purchase history, not the complete ordered history of search actions. We show that the
purchasing information changes the conditions under which herds can occur for both low- ...
K Hendricks… - Working Papers, 1987 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
[CITATION] Estimation of Dynamic Investment Function in Oil Exploration
K Hendricks… - 1987 - Hoover Institution, Stanford …
K Hendricks, RH Porter… - 1990 - kellogg.northwestern.edu
ABSTRACT The paper analyzes a first price, sealed bid auction with a random reservation
price where the object has an unknown common value, but one buyer has better information
than the others. We permit the reservation price to be correlated with the information of the ...
RP McAfee, K Hendricks, JM Fried… - Tex. L. Rev., 2000 - HeinOnline
* Murray S. Johnson Chair of Economics, University of Texas at Austin. BA (Economics)
summa cum laude, Phi Beta Kappa, 1976, Purdue University; MS (Mathematics), 1978,
Purdue University; MS (Economics), 1978, Purdue University; Ph. D.(Economics), 1980, ...
[CITATION] The Engine of Growth Hypothesis: On the Relationship between Firm Size and Employment Growth
J Brander, K Hendricks, R Amit… - 1998 - Working paper, University of British …
[CITATION] Firm Size Dynamics and the Engine of Growth Hypothesis: The role of entry, exit and sectoral effects
J Brander, K Hendricks, R Amit… - University of British Columbia Working …, 1999
[CITATION] Empirical Implications of Bidding in First-Price, Symmetric, Common Value Auctions
K Hendricks, J Pinske… - Northwestern University and University of British …, 1999
RP McAfee… - Economic Inquiry, 2005 - papers.ssrn.com
Abstract: In horizontal mergers, concentration is often measured with the Hirschmann-
Herfindahl Index (HHI). This index yields the price-cost margins in Cournot competition. In
many modern merger cases, both buyers and sellers have market power, and indeed, the ...
K Hendricks,
I Onur… - Review of Industrial Organization, 2012 - Springer
Abstract Using a dataset of calculator auctions on eBay, we first show that last-minute
bidding is not merely the result of bidders' going to the next-to-close auction. Instead,
bidding is concentrated at the end of the period in which the auction is the next to close, ...
[CITATION] First price auction with an informed bidder and a random reservation price
K Hendricks, RH Porter… - Northwestern University CMSEMS Discussion …, 1990
K Hendricks… - University of Texas mimeo, 1999 - econ.ubc.ca
Abstract: In horizontal mergers, concentration is often measured with the Hirschmann-
Herfindahl Index (HHI). This index yields the price-cost margins in Cournot competition. In
many modern merger cases, both buyers and sellers have market power, and indeed, the ...
R McAfee… - 2003 - papers.ssrn.com
Abstract: On November 15, 2002, the Department of Transportation (" DOT") issued a Notice
of Proposed Rulemaking (" NPRM") regarding the regulation of Computer Reservation
Systems (" CRS") in the airline industry. The NPRM raised a critical economic question: ...
[CITATION] The Role of Uninformed Bidders in Auctions with Asymmetric Information and Random Reservation Prices
K Hendricks, RH Porter… - 1989 - mimeo, I988
K Hendricks, M Piccione, G Tan… - 1995 - en.scientificcommons.org
Abstract We offer an explanation for why regional carriers may not survive in hub-spoke
networks. When a regional carrier and a hub operator compete in a spoke market, both will
suffer losses in that market. But if the hub operator exists in the spoke market, its profits in ...
[CITATION] The free rider problem and public disclosure laws
K Hendricks - 1982 - … Bureau, State University of New York …
M Doane, K Hendricks… - 2003 - emeraldinsight.com
Abstract: The Internet has enabled consumers to act as their own travel agents and to verify
independently the accuracy of the information provided by airlines through the CRSs and
travel agents. As a result, the relationships between consumers and the suppliers of air- ...
[CITATION] Shadow of his hand: the Reiji Takahashi story
KC Hendricks - 1967 - Bethany Press
[CITATION] Optimal Exploration with Incomplete Information
K Hendricks - 1983 - … Bureau, State University of New York …
K Hendricks - ECONOMETRIC SOCIETY MONOGRAPHS, 2006 - books.google.com
I have the formidable task of commenting on two outstanding surveys of two
importantliteratures. Armstrong (2005) examinesdevelopmentsinthetheoryof
pricediscrimination, andEllison (2005) examinestheuseofboundedrationality in industrial ...
P Haile, K Hendricks… - International Journal of Industrial …, 2010 - Elsevier
We describe an ongoing research project, in which we examine recent trends in bidding for
offshore oil and gas leases, and the exploration and development of leases after they are
sold. We review empirical findings regarding bidder participation and bidding for the ...
[CITATION] La fiscalité des petites et moyennes entreprises au Canada
K Hendricks, R Amit… - 1997 - Le Comité
K Hendricks… - papers.ssrn.com
Abstract In both military and economic situations, agents may try to mislead adversaries
about true types or plans, whatever they may be. We consider a simple model in which one
player attacks and the other player defends. We show that such environments have two ...
DS Hamermesh, GA Pfann, KH Akee, A Markman… - 2008 - iza.org
ABSTRACT We examine the determinants of reputation, an inchoate indicator of regard by
one's peers. The essential questions are: 1) Does the quantity of exposures affect reputation
independent of their quality? and 2) Assuming that their overall quality matters for ...
[CITATION] Report of the Editor American Economic Journal: Microeconomics
W Baumol, K Arrow, S Athey, J Baker, C Bazelon… - 2009 - papers.ssrn.com
Abstract: The signatories to this document are economists who have studied
telecommunications, auctions, and competition policy. While we may disagree about the
stimulus package, we believe that it is important to implement mechanisms that make ...
K Hendricks, V Mahajan… - library.utexas.edu
I would like to express my deep and sincere gratitude to my supervisor, Professor Dale
Stahl, Chairman of the Department of Economics, the University of Texas at Austin, for his
detailed and constructive comments, and for his important support throughout this work. ...
K Hendricks, RH Porter… - 1988 - 129.105.97.149
Abstract This paper examines bid distributions for federal drainage and development leases
on the Outer Continental Shelf from 1959 to 1980. These are leases which are adjacent to
tracts on which an oil or gas discovered. We find that an auction model in which random, ...
K Hendricks - 1999 - chicagobooth.edu
Abstract In both military and economic situations, agents may try to mislead adversaries
about true types or plans, whatever they may be. We show that such environments have two
types of possible equilibrium behavior, one of which may involve a very large diversion of ...
[CITATION] Expressions
P Greenberg, K Hendricks, W Hendricks, RA Norris… - Art Education, 1976 - JSTOR
A Arapostathis, S Santoso… - lib.utexas.edu
In Chapter 2, I will describe electricity industry restructuring and physical characteristics of
power systems as challenges for designing well-performing wholesale electricity markets.
Game theory and the Nash equilibrium concept will be also briefly described in this ...
[CITATION] A Note on the Efficient Frontier in the Mean-variance Model
K Hendricks… - 1982 - … Bureau, State University of New York …
K Hendricks - 2003 - econ.sinica.edu.tw
Abstract In both military and economic situations, agents may try to mislead adversaries
about true types or plans, whatever they may be. We consider a simple model in which one
player attacks and the other player defends. We show that such environments have two ...
K Hendricks… - lib.utexas.edu
My dissertation features three essays in industrial organization. The first two investigate
aspects of potentially anticompetitive firm behavior in differentiated product markets.
Contrary to previous analyses, requirements tying and bundled rebates by a firm with a ...
[CITATION] History of Student Religious Activities at the University of Oregon
KC Hendricks - 1920 - University of Oregon
RH Porter, PA Haile… - 2009 - papers.ssrn.com
Abstract: This paper describes an ongoing research project, in which we examine recent
trends in bidding for offshore oil and gas leases, and the exploration and development of
leases after they are sold. We review empirical findings regarding bidder participation and ...
VV Acharya, SN Ali, J Apesteguia, P Arcidiacono… - 209.197.108.139
The American Economic Association would like to congratulate its 2010 American Economic
Review Excellence in Refereeing Award recipients. The award recognizes the outstanding
work of those referees whose service and dedication have contributed to the high quality ...
K Hendricks… - 2004 - library.utexas.edu
The US telecommunications market has an unusual payment structure compared with other
telecommunications markets in Asia and Europe. In particular, the fixed rates for local calls
and Mobile Party Pays (MPP) system are different from the systems used in other ...
K Hendricks - 2006 - cemmap.ac.uk
I have the formidable task of commenting on two outstanding surveys of two important
literatures. Armstrong (2005) examines developments in the theory of price discrimination
and Ellison (2005) examines the use of bounded rationality in industrial organization. ...
P Haile, K Hendricks… - 2009 - wcas.northwestern.edu
The US Mineral Management Service (MMS) uses auctions to allocate exploration and
drilling rights for oil and gas on federal lands on the Outer Continental Shelf (OCS). The
federal offshore leasing program began in 1954, and there have been few alterations in ...
K Hendricks… - 1989 - europealumni.kellogg.northwestern. …
Abstract Despite substantial legal evidence of collusion in auctions, there has been very little
theoretical or empirical work on this subject by economists. This survey paper discusses
mechanisms that are likely to facilitate collusion in auctions, as well as methods of ...
K Hendricks… - lib.utexas.edu
One question we address in this chapter is whether monetary exchange promotes product
variety. The framework we use to answer this question is a dynamic version of a Hotelling
[28] model. Hotelling's paper was the first to consider where firms would choose to locate ...
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