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    • A note on auctions with compulsory partnership 

      Monteiro, P. K.; Araújo, Aloísio Pessoa de; Souza, Clara Costellini de; Damé, Otávio Menezes
      2016-12-01
      We study a symmetric, profit share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both expenses and revenue at rate (say) 0 < λ < 1. ...
    • Shortcomings of the Brazilian pre-salt auction design 

      Araújo, Aloísio Pessoa de; Costellini, Clara; Damé, Otávio Menezes; Monteiro, P. K.
      2016-12-01
      The Brazilian government instituted a new regulatory framework for auctioning pre-salt oil reserves to replace the previous concession regime with a profitshare bidding auction. Motivated by the new rules, we present a ...