In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption in which the auctioneer orchestrates bid rigging by inviting a bidder to either lower or raise his bid, whichever is more profitable. We characterize equilibrium bidding in...

The estimation of regressions models with two-way error component disurbances, is considered for the case where both the random effects are non-spherically distributed. The usual approach that first transforms the effects into uncorrelated ones and then applies within and between...

In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption in which the auctioneer orchestrates bid rigging by inviting a bidder to either lower or raise his bid, whichever is more profitable. We characterize equilibrium bidding in...

In this paper a number of hydraulic aspects concerning the flood routing in compound channels are discussed. In particular, attention is firstly focused on the management of boundary conditions for compound channel flow when 1D modelling is used. In this context, the characteristics theory was...

We extend the hiring and firing framework of Shepp and Shiryaev (J Econ Dyn Control 20:1523–1539, <CitationRef CitationID="CR5">1996</CitationRef>) to include infighting, and solve the profit-maximization problem using our numerical technique. With infighting, we find a smaller optimal firm size, and lowered firm value that stems from...</citationref>

An algorithm that provides direct, efficient ND polynomial factorization is presented to solve the numerical issues that arise during the direct inversion of helium atom scattering (HAS) diffraction spectra. For an n-variate polynomial the algorithm directly deflates the polynomial to n-single...

This paper develops and tests a dynamic optimization model of fishermen's investment behavior in a limited-entry fishery. Because exit from limited-entry fisheries may be irreversible, the fisherman has an incentive to maintain the right to fish (whether by actually fishing or by purchasing an...