This paper studies and contrasts the experimental inclinations of entrepreneurial and cooperative firms supplying a perishable good under uncertain demand, when larger stocks might yield additional information about the demand-generating process. While these firms might react differently, and in...

There is a persistent belief that regional R and D activity will have stimulating effects on the region's economic activity. In order to explore this view further, a multi-equation econometric model is derived to determine the extent to which the spatial distribution of scientific talent is in...

This note describes the results of using a semi-probabilistic grading system to determine students' grades in a graduate course in quantitative methods. That is, the students are required to make policy decisions to handle traditional sorts of problems, such as inventory and queuing problems....