Profit-share bidding auctions: a theoretical approach

Detalhes bibliográficos
Autor(a) principal: Souza, Clara Costellini de
Data de Publicação: 2015
Tipo de documento: Tese
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/14219
Resumo: In this paper, we study by means of a theoretical approach the Brazilian production sharing regime for oil exploration approved in Law No 12.351. We develop a model for production sharing to capture certain aspects of the Brazilian sharing model as compulsory participation of Petrobras, asymmetric information, and the presence of strategic participants. Using numerical solutions, we discuss the bidders’ strategies and their expected gains. Furthermore, we developed a model with heterogeneous costs to study the local content rules.
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spelling Souza, Clara Costellini deEscolas::EPGEMonteiro, Paulo KlingerMoreira, Humberto Luiz AtaídeSaraiva, Joísa Campanher DutraPinto Junior, Helder QueirozAraújo, Aloísio Pessoa de2015-11-11T18:18:18Z2015-11-11T18:18:18Z2015-07-02SOUZA, Clara Costellini de. Profit-share bidding auctions: a theoretical approach. Tese (Doutorado em Economia) - Escola de Pós-Graduação em Economia, Fundação Getúlio Vargas - FGV, Rio de Janeiro, 2015.https://hdl.handle.net/10438/14219In this paper, we study by means of a theoretical approach the Brazilian production sharing regime for oil exploration approved in Law No 12.351. We develop a model for production sharing to capture certain aspects of the Brazilian sharing model as compulsory participation of Petrobras, asymmetric information, and the presence of strategic participants. Using numerical solutions, we discuss the bidders’ strategies and their expected gains. Furthermore, we developed a model with heterogeneous costs to study the local content rules.Neste trabalho, estudamos o regime de partilha de produção brasileiro, instituí do pela Lei No 12.351, para exploração de petróleo através de uma abordagem te orica. Desenvolvemos um modelo de partilha de produção a fim de capturar algumas características do modelo de partilha brasileiro como, por exemplo, a participação obrigatória da Petrobras, assimetria de informação e a presença de participantes estratégicos. Através de solução numérica, fazemos uma análise das estratégias dos participantes e dos ganhos esperados. Além disso, desenvolvemos um modelo de custos heterogêneos para estudar as regras de conteúdo local.engAlmost common value auctionsProfit sharing auctionsPre-saltAsymmetric informationLocal contentLeilões de valor quase comumLeilões de partilha de produçãoPré-salInformação assimétricaConteúdo localEconomiaLeilõesPré-salPetróleo em terras submersasInformação assimétricaProfit-share bidding auctions: a theoretical approachinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/doctoralThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALTese - Versão Final.pdfTese - Versão Final.pdfPDFapplication/pdf760259https://repositorio.fgv.br/bitstreams/f517b098-82a3-490b-aa39-e945dbc71a40/downloadbb2d4e1cccf2563e68c9daf5f0881309MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Profit-share bidding auctions: a theoretical approach
title Profit-share bidding auctions: a theoretical approach
spellingShingle Profit-share bidding auctions: a theoretical approach
Souza, Clara Costellini de
Almost common value auctions
Profit sharing auctions
Pre-salt
Asymmetric information
Local content
Leilões de valor quase comum
Leilões de partilha de produção
Pré-sal
Informação assimétrica
Conteúdo local
Economia
Leilões
Pré-sal
Petróleo em terras submersas
Informação assimétrica
title_short Profit-share bidding auctions: a theoretical approach
title_full Profit-share bidding auctions: a theoretical approach
title_fullStr Profit-share bidding auctions: a theoretical approach
title_full_unstemmed Profit-share bidding auctions: a theoretical approach
title_sort Profit-share bidding auctions: a theoretical approach
author Souza, Clara Costellini de
author_facet Souza, Clara Costellini de
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.member.none.fl_str_mv Monteiro, Paulo Klinger
Moreira, Humberto Luiz Ataíde
Saraiva, Joísa Campanher Dutra
Pinto Junior, Helder Queiroz
dc.contributor.author.fl_str_mv Souza, Clara Costellini de
dc.contributor.advisor1.fl_str_mv Araújo, Aloísio Pessoa de
contributor_str_mv Araújo, Aloísio Pessoa de
dc.subject.eng.fl_str_mv Almost common value auctions
Profit sharing auctions
Pre-salt
Asymmetric information
Local content
topic Almost common value auctions
Profit sharing auctions
Pre-salt
Asymmetric information
Local content
Leilões de valor quase comum
Leilões de partilha de produção
Pré-sal
Informação assimétrica
Conteúdo local
Economia
Leilões
Pré-sal
Petróleo em terras submersas
Informação assimétrica
dc.subject.por.fl_str_mv Leilões de valor quase comum
Leilões de partilha de produção
Pré-sal
Informação assimétrica
Conteúdo local
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Leilões
Pré-sal
Petróleo em terras submersas
Informação assimétrica
description In this paper, we study by means of a theoretical approach the Brazilian production sharing regime for oil exploration approved in Law No 12.351. We develop a model for production sharing to capture certain aspects of the Brazilian sharing model as compulsory participation of Petrobras, asymmetric information, and the presence of strategic participants. Using numerical solutions, we discuss the bidders’ strategies and their expected gains. Furthermore, we developed a model with heterogeneous costs to study the local content rules.
publishDate 2015
dc.date.accessioned.fl_str_mv 2015-11-11T18:18:18Z
dc.date.available.fl_str_mv 2015-11-11T18:18:18Z
dc.date.issued.fl_str_mv 2015-07-02
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/doctoralThesis
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status_str publishedVersion
dc.identifier.citation.fl_str_mv SOUZA, Clara Costellini de. Profit-share bidding auctions: a theoretical approach. Tese (Doutorado em Economia) - Escola de Pós-Graduação em Economia, Fundação Getúlio Vargas - FGV, Rio de Janeiro, 2015.
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/14219
identifier_str_mv SOUZA, Clara Costellini de. Profit-share bidding auctions: a theoretical approach. Tese (Doutorado em Economia) - Escola de Pós-Graduação em Economia, Fundação Getúlio Vargas - FGV, Rio de Janeiro, 2015.
url https://hdl.handle.net/10438/14219
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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