Publications

There is currently some dissatisfaction with macroeconomic approaches to modeling the supply of domestic crude oil. One problem that has been pointed out is that the estimated supply responses of new discoveries brought about by price increases appear to be unrealistically high. Because data  frequently  used in these models  are highly aggregated over time and include diverse geologic regions, th

A substantial number of economic transactions occur through competition in which agents participate by submitting sealed bids.

No abstract available.

No abstract available.

Public agencies are frequently constrained to procure goods and services in sealed tender  markets. Pricing decisions of firms participating in such markets have been analyzed for both static and dynamic situations.  As might be anticipated, the decision rules obtained  in these analyses depend in an integral way on the firm's perception of the behavior of other market participants. It is this asp

Public construction and, in particular, highway construction account for a large proportion of the non-defense expenditures by the government. Con- tracts for highway construction are let almost exclusively through a sealed tender process. Competitive bidding is used to encourage price competition. There is, however, a problem in insuring that the bidder is able to deliver the product of specified

Regional development and industrialization patterns are investigated and related via regression analysis to water resource investments for the island of Puerto Rico. Although results of this study indicate such investments have little immediate or short‐term impact, significant relationships and variations in regional responses appear over longer time periods. This is shown by applying a variation

In an effort to evaluate the method of quantitative analysis by X-ray diffraction as a means of determining dawsonite abundances in Green River" oil shale, we performed a series of grinding experiments. Weighed mixtures of dawsonite + quartz and dawsonite + quartz + shale were ground for preset lengths of time, and the following X-ray diffraction peaks were measured for intensity: dawsonite (110)

No abstract available.

Within a swarm of late middle Eocene subsilicic-alkalic diatremes, one diatreme 270 by 370 m and an associated dike contain common xenoliths of granulite and rare xenoliths of spinel peridotite and garnet peridotite. Six garnet lherzolite xenoliths have been found and these show a range of textures. Four are granular, and two are intensely sheared. Phlogopite is absent from the intensely sheared x

No abstract available.

This note provides an alternative interpretation for sequential bid pricing strategies as initially formulated by Kortanek, Soden, and Sodaro [Kortanek, K. O., J. V. Soden, D. Sodabo. 1973. Profit analysis and sequential bid pricing models. Management Sci.20 (3, November) 396–417. In particular, bid prices obtained from the sequential model are shown to result from a condition which incorporates t