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On the Discrimination Between the Lognormal and the Weibull Distributions With Applications to Offshore Oil/Gas Lease Bids
(University of Texas at Arlington, 1980-05)
**Please note that the full text is embargoed** ABSTRACT: The competitive sealed bids on an individual offshore oil and gas lease are often assumed to follow a lognormal distribution (Brown, 1969). However, under the ...
Offshore Oil/Gas Lease Bidding and the Weibull Distributions
(University of Texas at Arlington, 1980-03)
**Please note that the full text is embargoed** ABSTRACT: It is the purpose of this paper to study the use of the Weibull distribution as an acceptable model for the distribution of the bids on a lease. A multi-sample test ...