Offshore Oil and Gas Lease Auctions
{'Code': '04050100', 'Directorate': {'Abbreviation': 'SBE', 'LongName': 'Direct For Social, Behav & Economic Scie'}, 'Division': {'Abbreviation': 'SES', 'LongName': 'Divn Of Social and Economic Sciences'}}
{'SignBlockName': 'Daniel H. Newlon', 'PO_EMAI': None, 'PO_PHON': None}
This award is to continue research on the role of information in                the auction of off-shore oil and gas leases.  Under the previous                award, the investigators have assembled a detailed data set of                  off-shore lease auctions from 1954 through 1969.  A preliminary                 statistical analyses of these data has been conducted, and the authors          have studied the existence and influence of asymmetric information in           lease auctions on bidding behavior.                                                                                                                             This award will extend the data set of off-shore lease auctions                 through 1980.  In addition, these data will be analyzed in several new          contexts.  A detailed, econometric study will be undertaken of the              participation and bidding decisions by firms for wildcat tracts, the            formation of bidding consortia among firms, and the influence of                post-auction information on exploratory drilling decisions.                     Alternative auction procedures will also be investigated.  This project         is important because it will provide a better understanding of the role         of information in off-shore oil and gas-lease auctions.
[{'FirstName': 'Robert', 'LastName': 'Porter', 'PI_MID_INIT': None, 'PI_SUFX_NAME': None, 'PI_FULL_NAME': 'Robert Porter', 'EmailAddress': None, 'NSF_ID': '000194398', 'StartDate': '02/01/1988', 'EndDate': None, 'RoleCode': 'Principal Investigator'}, {'FirstName': 'Kenneth', 'LastName': 'Hendricks', 'PI_MID_INIT': None, 'PI_SUFX_NAME': None, 'PI_FULL_NAME': 'Kenneth Hendricks', 'EmailAddress': None, 'NSF_ID': '000341757', 'StartDate': '02/01/1988', 'EndDate': None, 'RoleCode': 'Co-Principal Investigator'}]
{'Name': 'Northwestern University', 'CityName': 'EVANSTON', 'ZipCode': '602080001', 'PhoneNumber': '3125037955', 'StreetAddress': '633 CLARK ST', 'StreetAddress2': None, 'CountryName': 'United States', 'StateName': 'Illinois', 'StateCode': 'IL', 'CONGRESSDISTRICT': '09', 'CONGRESS_DISTRICT_ORG': 'IL09', 'ORG_UEI_NUM': 'EXZVPWZBLUE8', 'ORG_LGL_BUS_NAME': 'NORTHWESTERN UNIVERSITY', 'ORG_PRNT_UEI_NUM': None}
{'Name': None, 'CityName': None, 'StateCode': None, 'ZipCode': None, 'StreetAddress': None, 'CountryCode': None, 'CountryName': None, 'StateName': None, 'CountryFlag': None, 'CONGRESSDISTRICT': None, 'CONGRESS_DISTRICT_PERF': '""'}
{'Code': '1320', 'Text': 'Economics'}
{'url': 'https://www.nsf.gov/awardsearch/download?DownloadFileName=1987&All=true', 'xml': '8721231.xml'}