Episode 85: Ryan Kellogg on Drilling Deadlines in the Gas Industry

Ryan Kellogg is a Professor and Deputy Dean for Academic Programs at the Harris School of Public Policy, University of Chicago.

The paper discussed in this episode is “Drilling Deadlines and Oil and Gas Development” by Evan Herrnstadt, Ryan Kellogg, and Eric Lewis.

Papers mentioned in this episode include:

Hendricks, K., Porter, R. H., & Tan, G. (1993). Optimal selling strategies for oil and gas leases with an informed buyer. The American Economic Review, 83(2), 234-239.

Laffont, J. J., & Tirole, J. (1986). Using cost observation to regulate firms. Journal of political Economy, 94(3, Part 1), 614-641.

Rust, J. (1987). Optimal replacement of GMC bus engines: An empirical model of Harold Zurcher. Econometrica: Journal of the Econometric Society, 999-1033.