We consider a two-player, sequential location game, with n stages. At each stage, players 1 and 2 choose locations from a feasible set in sequence. After all moves are made, consumers each purchase one unit of the good from the closest location. Since player 1 has a natural first-mover disadvantage here (player 2 can obtain a payoff of 12 just by replicating player 1’s moves), we examine her mi...

With market-driven secondary spectrum trading, licensed users can receive benefits in terms of monetary rewards or various transmission services, thus setting a fair pricing structure by suitably defining spectrum quality characteristics and accurately addressing participant’s requirement is a key issue. In this paper, we investigate the pricing-based spectrum access by casting the problem of s...

Hotelling's Rule is the observation that the exploitation of a nonrenewable resource can only be economically e cient if the resource owner's marginal pro t increases at the prevailing discount rate. This has been a perennial topic in the literature of resource economics since the 1970s, with some authors extending the theory and others analyzing empirical data. This paper reports on the result...

This paper presents a wavelet characteristic based approach for the automated visual inspection of ripple defects in the surface barrier layer (SBL) chips of ceramic capacitors. Difficulties exist in automatically inspecting ripple defects because of their semi-opaque and unstructured appearances, the gradual changes of their intensity levels, and the low intensity contrast between their surfac...

Inference concerning the correlation coefficient of two random variables from the bivariate normal distribution has been investigated by many authors. In particular, Fisher [1915. Frequency distribution of the values of the correlation coefficient in samples from an indefinitely large population. Biometrika 10, 507–521] and Hotelling [1953. New light on the correlation coefficient and its trans...

Several characteristics, say d of them, are measured on the output of a process. Such characteristics may or may not be correlated. A case has been made that one should not monitor such processes by keeping separate control charts on each of the d characteristics. What is often suggested is a single control chart based on Hotelling’s T . See Alt (1985) and Murphy (1987) on this point and for fu...