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Shortcomings of the Brazilian Pre-Salt Auction Design

Aloisio Araujo, Clara Costellini, Otávio Damé, Paulo K. Monteiro

Resumo


Brazil's has had high expectations about its new Pre--Salt auction format. We discuss some of its inadequacies.

Palavras-chave


pre-salt auction; common value

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Fundação Getulio Vargas / EPGE - Praia de Botafogo 190, 11º andar - Tel.: (21) 3799-5831

 

e-ISSN 0034-7140