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
   See also Journal Article Managing the oil market under misinformation: A reasonable quest?, Journal of Commodity Markets, Elsevier (2024) (2024)

2012

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

2010

5. 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
   See also Journal Article On the portents of peak oil (and other indicators of resource scarcity), Energy Policy, Elsevier (2012) View citations (7) (2012)

2008

6. World Oil: Market or Mayhem?
   Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research
   See also Journal Article World Oil: Market or Mayhem?, Journal of Economic Perspectives, American Economic Association (2009) View citations (161) (2009)

2006

7. 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
   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) View citations (4) (2009)

2005

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

2004

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

2003

11. Distinguishable Patterns of Competition, Collusion, and Parallel Action
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research
12. Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research
    See also Journal Article Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis, The Energy Journal, International Association for Energy Economics (2005) View citations (92) (2005)
13. Petroleum Property Valuation
    Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research

2002

14. The economic evolution of petroleum property rights in the United States
    ICER Working Papers, ICER - International Centre for Economic Research 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 (16) (2002)

2001

15. 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
16. 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

1999

17. The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc 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)
   See also Working Paper Managing the Oil Market Under Misinformation: A Reasonable Quest?, Discussion Papers (2024) (2024)

2023

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

2021

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

2020

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

2019

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

2018

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

2017

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

2015

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

2014

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

2013

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

2012

15. On the portents of peak oil (and other indicators of resource scarcity)
    Energy Policy, 2012, 44, (C), 68-78 View citations (7)
    See also Working Paper On The Portents of Peak Oil (And Other Indicators of Resource Scarcity), Working Papers (2010) (2010)
16. 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

17. 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 View citations (4)
    See also Working Paper Rational Plunging and the Option Value of Sequential Investment The Case of Petroleum Exploration, Working Papers (2006) (2006)
18. World Oil: Market or Mayhem?
    Journal of Economic Perspectives, 2009, 23, (3), 145-64 View citations (161)
    See also Working Paper World Oil: Market or Mayhem?, Working Papers (2008) (2008)

2008

19. Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects
    The Energy Journal, 2008, 29, (1_suppl), 43-62
    Also in The Energy Journal, 2008, Volume 29, (Special Issue), 43-62 (2008) View citations (3)
    See also Working Paper Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects, Working Papers (2004) (2004)

2005

20. Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis
    The Energy Journal, 2005, Volume 26, (Number 1), 51-82 View citations (92)
    Also in The Energy Journal, 2005, 26, (1), 51-82 (2005) View citations (1)
    See also Working Paper Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis, Working Papers (2003) (2003)
21. Petroleum Prospect Valuation: The Option to Drill Again
    The Energy Journal, 2005, 26, (4), 53-68
    Also in The Energy Journal, 2005, Volume 26, (Number 4), 53-68 (2005) View citations (8)

2002

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

2001

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

2000

26. 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

1999

27. 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) View citations (30) (1999)

1996

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

1995

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

1994

31. Equilibrium in Auctions with Entry
    American Economic Review, 1994, 84, (3), 585-99 View citations (371)

1993

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

1991

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

1988

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

1987

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

1985

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

1984

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

1983

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

1982

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

1981

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

1980

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

1978

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

Undated

46. The informational role of spot prices and inventories
    Journal of Energy Markets
    See also Working Paper The Informational Role of Spot Prices and Inventories, RFF Working Paper Series (2012) View citations (1) (2012)