Under economies of scale, Demsetz's (1968) proposal of franchise bidding results, at best, in uniform prices approaching average cost. This article questions the accepted belief that the auctioneer always needs to know the market demand function, if the concept is modified so as to allow for...

In this note, an alternative method is developed for determining the range of values assumed by the Lagrange multiplier of Averch and Johnson's constrained maximization problem. By assuming that the regulated firm's profit function is single-peaked, the approach is rather general.

Faulhaber's (1975) concept of cross-subsidization is of crucial importance for regulatory activities. Its basic idea that customers demanding a good should not pay more than they would if they "stood alone" is a fundamental fairness rule which can be applied by independent regulators in...

Due to an increasing number of mass casualty incidents, which are generally complex and unique in nature, we suggest that decision makers consider operations research-based policy models to help prepare emergency staff for improved planning and scheduling at the emergency site. We thus develop a...