Some oil refining companies have recently entered the field of exploration and production (E&P). Both the relatively high financial performances of E&P companies and the shrinking refining margin may motivate refiner’s decision to enter E&P. However, in making this decision, there are other...

With many states recently enacting either renewable energy mandates or goals,the small hydropower industry has a unique opportunity to supply a growing portion ofU.S. electricity supply. But the procedure to obtain a license for project development is unwieldy, increasingly wrought with...

Hurricane Katrina of 2005 was responsible for at least 81 billion dollars of property damage. In planning for such emergencies, society must decide whether to invest in the ability to evacuate more speedily or in improved forecasting technology to better predict the timing and intensity of the...

We examine the efficiency of the Major League Baseball over-under betting market. Previous research in this area was unable to correctly test market efficiency because a data-set including the odds at which wagers were placed was unavailable. Using a data-set that includes both run lines and...