As part of an overall strategy to lower its IT costs, an oil and gas company considered deploying its data base management system within a client/server environment, thus cutting both hardware expenditures and software licensing fees. The organization was skeptical, however, of the network's ability to support 150 concurrent users at an acceptable response rate. Long transaction times would red...

The Federal Institute for Materials Research and Testing and the company AirRobot GmbH & Co. KG cooperate to develop a flying remote-controlled measuring system. The system is capable of operating in a variety of scenarios of gas emission, e.g. exhaust gas from a chimney, flue gas in case of a fire, gas emission in case of an accident of chemical or hazardous goods or in case of a terrorist act...

a r t i c l e i n f o JEL classification: D44 L71 Keywords: Oil and gas lease auctions Asymmetric information National oil company This paper analyzes bidding behavior in oil and gas tract auctions in Brazil, where the main winner has been Petrobras, a national company. We test predictions from the theory of common-value, first-price, sealed-bid auctions with asymmetric information. The tests i...