This study estimates three hypotheses of OPEC behavior: market-sharing, target revenue and competitive model for the period 1980 to 2000 for all OPEC courtiers except Iraq. To examine co-integration relation for oil production, we use ADF test in OLS estimation. Also we use ARDL approach to examine these hypotheses and the long run relationship of them. Results indicate none of three hypotheses...

This paper develops a methodology for characterizing expected revenue from auctions when bidders’ types come from an arbitrary distribution. In particular, types may be multidimensional, and there may be mass points in the distribution. One application extends existing revenue equivalence results. Another application shows that first-price auctions yield higher expected revenue than second-pric...

How do marketing investments (such as price promotions, new product introductions and advertising) contribute to a brand’s revenue premium? Moreover, how do brand and category characteristics moderate the impact of the marketing investments on brand revenue premiums? In this paper, I address these questions with a large-scale econometric analysis of marketing investments and associated brand re...

We obtain revenue guarantees for the simple pricing mechanism of a single posted price, in terms of a natural parameter of the distribution of buyers’ valuations. Our revenue guarantee applies to the single item n buyers setting, with values drawn from an arbitrary joint distribution. Specifically, we show that a single price drawn from the distribution of the maximum valuation Vmax = max{V1, V...

The practice of Revenue Management has received widespread acceptance in the international hospitality industry yet a lack of best practice in terms of organizational integration persists. This paper follows the notion that revenue management is first and foremost a human activity, dependent on knowledge exchange and concerted decision within revenue management teams. One critical attribute of ...

Union Parishads (councils) being the century old rural local government in Bangladesh are yet to fulfill the expectations of rural citizen which is mainly due to own resources constraints including miserable local resources mobilization. This paper focuses on Union Parishads recent revenue trend and performance from five years secondary data (2003-2007) and primary data collected from Parishad ...

M ore than a year ago we began a scries of articles for Health Progress aimed at helping hospitals M\>S health systems focus Oil revenue expansion. Over the past year we have been encouraged by teed back and observations from the field; there appears to be an increasing balance now between grow tli efforts md cost containment .m\\ reduction initiatives. The dilemma facing some organizations is ...

P2P applications have found a lot of interest lately but there are open questions about the viability of the revenue models behind P2P applications/ services. In this paper, we discuss revenue models for P2P applications. There is no one size fits all revenue model for the differentP2P applications/ services; hence the quest for viable revenue models requires a differentiated discussion. Our go...

Revenue management (RM) is the art and science of predicting consumer behavior and optimizing price and product availability to maximize revenue. RM models, despite their success and popularity, still remain somewhat simplistic. The most critical flaw is that current RM models are designed under the assumption that demands are independent random variables. The models are readily extended to com...