"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances found in oil field unitization. The purpose of the study is two-fold. One purpose is to provide a more in-depth analysis of how information affects bargained shares and...

We analyze some models of nonequilibrium systems proposed in the past decade which derive the laws of irreversible thermodynamics from deterministic dynamics. We find that these models do not posses the crucial property of local thermodynamic equilibrium, since they represent noninteracting...

A recent attempt to extend Shannon's source coding theorem with a nonadditive information content is briefly reviewed. The information entropy used here is a modified form of Tsallis entropy (Tsallis entropy divided by the factor ∑ipiq). In addition we refer to some relations which can be...

This paper discusses techniques for estimating structural vector autoregressions. Especially when monetary policy shocks are estimated, VAR residuals turn out to be leptokurtic. It is argued that this is no coincidence but follows directly from the properties of monetary policy decisions. The...

`Congruent' bicameralism exists when two chambers are similarly constituted and are expected generally to share the same house preferences. Many commentators have wondered whether there is any purpose for having a second chamber if it has the same house preferences as the first chamber, and hold...

We consider the effect of shear and normal viscous pressures on the non-equilibrium entropy of ideal gases in Couette flow. These results extend the previous ones (Bidar et al., Physica A 233 (1996) 163), where normal pressure effects were ignored. Furthermore, we analyze the non-equilibrium...

The focus of this research is to demonstrate how probabilistic models may be used to provide early warnings for bank failures. While prior research in the auditing literature has recognized the applicability of a Bayesian belief revision framework for many audit tasks, empirical evidence has...

We study the problem of information propagation in brain microtubules. After considering the propagation of electromagnetic waves in a fluid of permanent electric dipoles, the problem reduces to the sine-Gordon wave equation in one space and one time dimensions. The problem of propagation of...