{"id":"https://openalex.org/W1970340753","doi":"https://doi.org/10.5547/issn0195-6574-ej-vol15-no4-1","title":"Toward an Optimal Oil and Gas Leasing System*","display_name":"Toward an Optimal Oil and Gas Leasing System*","publication_year":1994,"publication_date":"1994-10-01","ids":{"openalex":"https://openalex.org/W1970340753","doi":"https://doi.org/10.5547/issn0195-6574-ej-vol15-no4-1","mag":"1970340753"},"language":"en","primary_location":{"id":"doi:10.5547/issn0195-6574-ej-vol15-no4-1","doi":"https://doi.org/10.5547/issn0195-6574-ej-vol15-no4-1","is_oa":false,"landing_page_url":"https://doi.org/10.5547/issn0195-6574-ej-vol15-no4-1","pdf_url":null,"source":{"id":"https://openalex.org/S102805530","display_name":"The Energy Journal","issn_l":"0195-6574","issn":["0195-6574","1944-9089"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","fnege-2","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Energy Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5110296184","display_name":"Walter J. Mead","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I154570441","display_name":"University of California, Santa Barbara","ror":"https://ror.org/02t274463","country_code":"US","type":"education","lineage":["https://openalex.org/I154570441"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Walter J. Mead","raw_affiliation_strings":["**Professor of Economics, Emeritus. University of California at Santa Barbara, Santa Barbara, California 93106, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"**Professor of Economics, Emeritus. University of California at Santa Barbara, Santa Barbara, California 93106, USA","institution_ids":["https://openalex.org/I154570441"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5110296184"],"corresponding_institution_ids":["https://openalex.org/I154570441"],"apc_list":{"value":3650,"currency":"USD","value_usd":3650},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":38,"citation_normalized_percentile":{"value":0.19610895,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":99},"biblio":{"volume":"15","issue":"4","first_page":"1","last_page":"18"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.6029999852180481,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.6029999852180481,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11823","display_name":"Natural Resources and Economic Development","score":0.2587999999523163,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.02810000069439411,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/oil-and-gas-leasing","display_name":"oil and gas leasing","score":0.9160000085830688},{"id":"https://openalex.org/keywords/economic-rent","display_name":"economic rent","score":0.7350000143051147},{"id":"https://openalex.org/keywords/work-programme","display_name":"work programme","score":0.6259999871253967},{"id":"https://openalex.org/keywords/royalties","display_name":"royalties","score":0.6470000147819519},{"id":"https://openalex.org/keywords/profit-sharing","display_name":"profit sharing","score":0.7850000262260437},{"id":"https://openalex.org/keywords/lease-term","display_name":"lease term","score":0.49000000953674316},{"id":"https://openalex.org/keywords/environmental-regulation","display_name":"environmental regulation","score":0.8389999866485596},{"id":"https://openalex.org/keywords/entry-barriers","display_name":"barriers to entry","score":0.7799999713897705}],"concepts":[{"id":"https://openalex.org/C106866004","wikidata":"https://www.wikidata.org/wiki/Q264259","display_name":"Economic rent","level":2,"score":0.8547673225402832},{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.8366133570671082},{"id":"https://openalex.org/C203700910","wikidata":"https://www.wikidata.org/wiki/Q741846","display_name":"Perpetuity","level":2,"score":0.7918273210525513},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.6179655194282532},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5445244312286377},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5441175699234009},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.446891188621521},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.4437854588031769},{"id":"https://openalex.org/C2779614062","wikidata":"https://www.wikidata.org/wiki/Q716894","display_name":"Lease","level":2,"score":0.439431369304657},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.42931675910949707},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3696818947792053},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.35475608706474304},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.24883249402046204},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.08179426193237305},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.5547/issn0195-6574-ej-vol15-no4-1","doi":"https://doi.org/10.5547/issn0195-6574-ej-vol15-no4-1","is_oa":false,"landing_page_url":"https://doi.org/10.5547/issn0195-6574-ej-vol15-no4-1","pdf_url":null,"source":{"id":"https://openalex.org/S102805530","display_name":"The Energy Journal","issn_l":"0195-6574","issn":["0195-6574","1944-9089"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","fnege-2","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Energy Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:aen:journl:1994v15-04-a01","doi":null,"is_oa":false,"landing_page_url":"http://www.iaee.org/en/publications/ejarticle.aspx?id=1176","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:sae:enejou:v:15:y:1994:i:4:p:1-18","doi":null,"is_oa":false,"landing_page_url":"https://journals.sagepub.com/doi/10.5547/ISSN0195-6574-EJ-Vol15-No4-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W16836559","https://openalex.org/W1487836671","https://openalex.org/W1494192221","https://openalex.org/W1989653410","https://openalex.org/W2008483894","https://openalex.org/W2035494964","https://openalex.org/W2054886554","https://openalex.org/W2101909034","https://openalex.org/W2141843839","https://openalex.org/W2730581832","https://openalex.org/W3203876045"],"related_works":["https://openalex.org/W1494192221","https://openalex.org/W41748318","https://openalex.org/W102284683","https://openalex.org/W2046718445","https://openalex.org/W1489518116","https://openalex.org/W2786624003","https://openalex.org/W1487406817","https://openalex.org/W2091912841","https://openalex.org/W2162186166","https://openalex.org/W2001604294"],"abstract_inverted_index":{"The":[0],"four":[1],"principal":[2],"leasing":[3],"systems\u2014work":[4],"program,":[5],"royalty,":[6,52],"profit":[7],"share":[8],"(including":[9],"rent":[10],"resource":[11],"tax),":[12],"and":[13,23,60,69],"bonus":[14,47],"bidding\u2014are":[15],"reviewed":[16],"relative":[17],"to":[18,35,45,64,78],"their":[19],"efficiency":[20],"in":[21,56],"maximizing":[22],"collecting":[24],"the":[25,40],"present":[26],"value":[27],"of":[28,72],"economic":[29],"rents.":[30],"Empirical":[31],"research":[32],"is":[33],"shown":[34],"support":[36],"theoretical":[37],"conclusions":[38],"that":[39],"most":[41],"efficient":[42],"system":[43],"appears":[44],"be":[46],"bidding,":[48],"without":[49],"a":[50,66],"fixed":[51],"with":[53,58,70],"leases":[54],"issued":[55],"perpetuity,":[57],"environmental":[59],"other":[61,76],"regulations":[62],"required":[63],"pass":[65],"benefit/cost":[67],"test,":[68],"elimination":[71],"any":[73],"nationalistic":[74],"or":[75],"barriers":[77],"entry.":[79]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":11},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}
