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Details about James L. Smith

Homepage:http://www.cox.smu.edu/academic/professor.do/jsmith
Workplace:Finance Department, Cox School of Business, Southern Methodist University, (more information at EDIRC)

Access statistics for papers by James L. Smith.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: psm124


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Working Papers

2024

  1. Managing the Oil Market Under Misinformation: A Reasonable Quest?
    Discussion Papers, King Abdullah Petroleum Studies and Research Center Downloads
    See also Journal Article Managing the oil market under misinformation: A reasonable quest?, Journal of Commodity Markets, Elsevier (2024) Downloads (2024)

2012

  1. Issues in Extractive Resource Taxation: A Review of Research Methods and Models
    IMF Working Papers, International Monetary Fund Downloads View citations (9)
    See also Journal Article Issues in extractive resource taxation: A review of research methods and models, Resources Policy, Elsevier (2013) Downloads View citations (46) (2013)
  2. Modeling the Impact of Taxes on Petroleum Exploration and Development
    IMF Working Papers, International Monetary Fund Downloads View citations (10)
  3. The Informational Role of Spot Prices and Inventories
    RFF Working Paper Series, Resources for the Future Downloads View citations (1)
    See also Journal Article The informational role of spot prices and inventories, Journal of Energy Markets, Journal of Energy Markets Downloads

2010

  1. On The Portents of Peak Oil (And Other Indicators of Resource Scarcity)
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads
    See also Journal Article On the portents of peak oil (and other indicators of resource scarcity), Energy Policy, Elsevier (2012) Downloads View citations (7) (2012)

2008

  1. World Oil: Market or Mayhem?
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads
    See also Journal Article World Oil: Market or Mayhem?, Journal of Economic Perspectives, American Economic Association (2009) Downloads View citations (160) (2009)

2006

  1. Rational Plunging and the Option Value of Sequential Investment The Case of Petroleum Exploration
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads
    See also Journal Article Rational plunging and the option value of sequential investment: The case of petroleum exploration, The Quarterly Review of Economics and Finance, Elsevier (2009) Downloads View citations (4) (2009)

2005

  1. Diversification and the Value of Exploration Portfolios
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads

2004

  1. Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads
    See also Journal Article Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects, The Energy Journal (2008) Downloads (2008)
  2. The Option to Try Again: Valuing a Sequence of Dependent Trials
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads

2003

  1. Distinguishable Patterns of Competition, Collusion, and Parallel Action
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads
  2. Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads
    See also Journal Article Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis, The Energy Journal, International Association for Energy Economics (2005) Downloads View citations (91) (2005)
  3. Petroleum Property Valuation
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research Downloads

2002

  1. The economic evolution of petroleum property rights in the United States
    ICER Working Papers, ICER - International Centre for Economic Research Downloads View citations (16)
    See also Journal Article The Economic Evolution of Petroleum Property Rights in the United States, The Journal of Legal Studies, University of Chicago Press (2002) View citations (15) (2002)

2001

  1. Political constraints on government cartelization: the case of oil production regulation in Texas and Saudi Arabia
    ICER Working Papers, ICER - International Centre for Economic Research Downloads
  2. The economic evolution of petroleum property rights in the United States: a test of the Demsetz hypothesis
    ICER Working Papers, ICER - International Centre for Economic Research Downloads

1999

  1. The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (30)
    See also Journal Article The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements: Theory and Evidence, The Journal of Law, Economics, and Organization, Oxford University Press (1999) View citations (28) (1999)

Journal Articles

2024

  1. Managing the oil market under misinformation: A reasonable quest?
    Journal of Commodity Markets, 2024, 34, (C) Downloads
    See also Working Paper Managing the Oil Market Under Misinformation: A Reasonable Quest?, Discussion Papers (2024) Downloads (2024)

2023

  1. Oil Market Stabilization: The Performance of OPEC and Its Allies
    The Energy Journal, 2023, 44, (6), 1-22 Downloads View citations (1)

2021

  1. Greetings from the IAEE President
    Economics of Energy & Environmental Policy, 2021, Volume 10, (Number 2) Downloads

2020

  1. OPEC's Pursuit of Market Stability
    Economics of Energy & Environmental Policy, 2020, Volume 9, (Number 2) Downloads View citations (3)

2019

  1. The Green Paradox, A Hotelling Cul de Sac
    Economics of Energy & Environmental Policy, 2019, Volume 8, (Number 2) Downloads View citations (5)

2018

  1. Estimating the future supply of shale oil: A Bakken case study
    Energy Economics, 2018, 69, (C), 395-403 Downloads View citations (2)
  2. How and Why Petroleum Leases Are Held by Production: Analysis of a Compound Option
    Land Economics, 2018, 94, (1), 52-72 Downloads View citations (2)
  3. OPECs Impact on Oil Price Volatility: The Role of Spare Capacity
    The Energy Journal, 2018, Volume 39, (Number 2) Downloads View citations (21)

2017

  1. The price elasticity of U.S. shale oil reserves
    Energy Economics, 2017, 67, (C), 121-135 Downloads View citations (9)

2015

  1. Introduction: Is the Genie Back in the Bottle?
    The Energy Journal, 2015, 36, (1_suppl), 1-20 Downloads
  2. Valuing Barrels of Oil Equivalent
    The Energy Journal, 2015, 36, (1_suppl), 179-194 Downloads
    Also in The Energy Journal, 2015, Volume 36, (Adelman Special Issue) (2015) Downloads View citations (3)

2014

  1. A parsimonious model of tax avoidance and distortions in petroleum exploration and development
    Energy Economics, 2014, 43, (C), 140-157 Downloads View citations (10)

2013

  1. Issues in extractive resource taxation: A review of research methods and models
    Resources Policy, 2013, 38, (3), 320-331 Downloads View citations (46)
    See also Working Paper Issues in Extractive Resource Taxation: A Review of Research Methods and Models, IMF Working Papers (2012) Downloads View citations (9) (2012)
  2. Oil Price Forecasts and Trends: Interviews with the Experts
    Review of Environment, Energy and Economics - Re3, 2013 Downloads

2012

  1. On the portents of peak oil (and other indicators of resource scarcity)
    Energy Policy, 2012, 44, (C), 68-78 Downloads View citations (7)
    See also Working Paper On The Portents of Peak Oil (And Other Indicators of Resource Scarcity), Working Papers (2010) Downloads (2010)
  2. The impact of reserve prices on the perceived bias of expert appraisals of fine art
    Journal of Applied Econometrics, 2012, 27, (2), 235-252 View citations (18)

2009

  1. Rational plunging and the option value of sequential investment: The case of petroleum exploration
    The Quarterly Review of Economics and Finance, 2009, 49, (3), 1009-1033 Downloads View citations (4)
    See also Working Paper Rational Plunging and the Option Value of Sequential Investment The Case of Petroleum Exploration, Working Papers (2006) Downloads (2006)
  2. World Oil: Market or Mayhem?
    Journal of Economic Perspectives, 2009, 23, (3), 145-64 Downloads View citations (160)
    See also Working Paper World Oil: Market or Mayhem?, Working Papers (2008) Downloads (2008)

2008

  1. Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects
    The Energy Journal, 2008, 29, (1_suppl), 43-62 Downloads
    Also in The Energy Journal, 2008, Volume 29, (Special Issue), 43-62 (2008) Downloads View citations (3)

    See also Working Paper Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects, Working Papers (2004) Downloads (2004)

2005

  1. Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis
    The Energy Journal, 2005, Volume 26, (Number 1), 51-82 Downloads View citations (91)
    Also in The Energy Journal, 2005, 26, (1), 51-82 (2005) Downloads

    See also Working Paper Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis, Working Papers (2003) Downloads (2003)
  2. Petroleum Prospect Valuation: The Option to Drill Again
    The Energy Journal, 2005, Volume 26, (Number 4), 53-68 Downloads View citations (8)
    Also in The Energy Journal, 2005, 26, (4), 53-68 (2005) Downloads

2002

  1. Entry coordination in auctions and social welfare: An experimental investigation
    International Journal of Game Theory, 2002, 30, (3), 321-350 Downloads View citations (13)
  2. Oil and the economy: introduction
    The Quarterly Review of Economics and Finance, 2002, 42, (2), 163-168 Downloads View citations (3)
  3. The Economic Evolution of Petroleum Property Rights in the United States
    The Journal of Legal Studies, 2002, 31, (2), S589-608 View citations (15)
    See also Working Paper The economic evolution of petroleum property rights in the United States, ICER Working Papers (2002) Downloads View citations (16) (2002)

2001

  1. Regulatory Remedies to the Common Pool: The Limits to Oil Field Unitization
    The Energy Journal, 2001, Volume22, (Number 1), 1-26 Downloads View citations (13)
    Also in The Energy Journal, 2001, 22, (1), 1-26 (2001) Downloads View citations (1)

2000

  1. Oil and Ideology: The Cultural Creation of the American Petroleum Industry. By Roger M. Olien and Diana Davids Olien. Chapel Hill: The University of North Carolina Press, 2000. Pp. xv, 305. $49.95, cloth; $18.95, paper
    The Journal of Economic History, 2000, 60, (3), 908-910 Downloads

1999

  1. The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements: Theory and Evidence
    The Journal of Law, Economics, and Organization, 1999, 15, (2), 526-48 View citations (28)
    See also Working Paper The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements: Theory and Evidence, NBER Working Papers (1999) Downloads View citations (30) (1999)

1996

  1. Optimal Reservation Prices in Auctions
    Economic Journal, 1996, 106, (438), 1271-83 Downloads View citations (45)
  2. Ranking Auctions with Risk Averse Bidders
    Journal of Economic Theory, 1996, 68, (2), 549-561 Downloads View citations (37)

1995

  1. On the Cost of Lost Production from Russian Oil Fields
    The Energy Journal, 1995, Volume16, (Number 2), 25-58 Downloads View citations (7)
    Also in The Energy Journal, 1995, 16, (2), 25-57 (1995) Downloads

1994

  1. Equilibrium in Auctions with Entry
    American Economic Review, 1994, 84, (3), 585-99 Downloads View citations (369)

1993

  1. Petroleum Property Valuation: A Binomial Lattice Implementation of Option Pricing Theory
    The Energy Journal, 1993, Volume 14, (Number 2), 1-26 Downloads View citations (13)
    Also in The Energy Journal, 1993, 14, (2), 1-26 (1993) Downloads

1991

  1. Some Evidence on the Winner's Curse: Comment
    American Economic Review, 1991, 81, (1), 370-75 Downloads View citations (13)

1988

  1. Failure of the Net Profit Share Leasing Experiment for Offshore Petroleum Resources
    The Review of Economics and Statistics, 1988, 70, (2), 199-206 Downloads
  2. Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases
    The Quarterly Journal of Economics, 1988, 103, (3), 479-508 Downloads View citations (265)

1987

  1. The Common Pool, Bargaining, and the Rule of Capture
    Economic Inquiry, 1987, 25, (4), 631-44 View citations (7)

1985

  1. Effects of Taxes and Price Regulation on Offshore Gas
    The Energy Journal, 1985, Volume 6, (Special Issue) Downloads View citations (4)
    Also in The Energy Journal, 1985, 6, (1_suppl), 279-289 (1985) Downloads

1984

  1. Further Results on Equilibrium Patterns of Competition in OCS Lease Sales
    Economic Inquiry, 1984, 22, (1), 142-46 View citations (1)
  2. Regional modelling of oil discovery and production
    Energy Economics, 1984, 6, (1), 5-13 Downloads View citations (10)

1983

  1. Joint Bidding, Information Pooling, and the Performance of Petroleum Lease Auctions
    Bell Journal of Economics, 1983, 14, (2), 395-404 Downloads View citations (21)

1982

  1. Equilibrium Patterns of Competition in OCS Lease Sales
    Economic Inquiry, 1982, 20, (2), 180-90 View citations (1)
  2. Risk Aversion and Bidding Behavior for Offshore Petroleum Leases
    Journal of Industrial Economics, 1982, 30, (3), 251-69 Downloads View citations (2)

1981

  1. Non-Aggressive Bidding Behavior and the "Winner's Curse."
    Economic Inquiry, 1981, 19, (3), 380-88 View citations (4)

1980

  1. A Probabilistic Model of Oil Discovery
    The Review of Economics and Statistics, 1980, 62, (4), 587-94 Downloads View citations (8)

1978

  1. Oil Supply Forecasting: A Disaggregated Process Approach
    Bell Journal of Economics, 1978, 9, (1), 218-235 Downloads View citations (3)

Undated

  1. The informational role of spot prices and inventories
    Journal of Energy Markets Downloads
    See also Working Paper The Informational Role of Spot Prices and Inventories, RFF Working Paper Series (2012) Downloads View citations (1) (2012)
 
Page updated 2025-04-01