Optimal selling strategies for oil and gas leases with an informed buyer
研究美国政府能否通过改变分配机制提高排水权租赁收入，刻画了单一知情买家与固定数量不知情买家时的最优机制，并讨论实施与潜在收入增长幅度。
A study is presented on whether the US Government can increase its revenues from the sale of drainage leases by using a different allocation mechanism. The optimal mechanism is characterized for selling a lease when there is a single informed buyer and a fixed number of uniformed buyers. Implementation and the magnitude of potential revenue gains, if any, are discussed.