If there is asymmetry among the bidders taking part in a first price auction, the equilibrium is not expost efficient. We consider a simple model of first price auction among two bidders where resale always occurs in case of inefficiency. We obtain mathematical formulas for the equilibrium...

The present study aims to investigate the comparative corrosion of light-weight metals such as aluminum and magnesium in palm biodiesel. Immersion test at room temperature was carried out for each metal for 1440 h. Sample characterization techniques employed include weight loss measurement, SEM...

In hydrogen-related energy technologies, materials selection is critical as hydrogen tends to decrease the mechanical stability of the metallic alloys. Amorphous alloys are known to exhibit high hydrogen solubility and significant embrittlement resistance. The current work is focussed towards...

Business processes have been discussed for more than a decade now. However, there are not as of yet comprehensive and substantial benefits that can justify the hype around the concept. This paper contrasts and summarises the main findings of literature research and a targeted survey conducted...