Information Revelation in Auctions.

Auction theory has emphasized the importance of private information to the profits of bidders. However, the theory has failed to consider the question of whether or not bidders will be able to keep their information private. We show that in a variety of contexts bidders will reveal all their information, even if this information revelation is (ex ante) detrimental to them. Similarly, a seller may reveal all her information even when this revelation lowers revenues. We also show that bidders may be harmed by private information.WINNERS CURSE; LINKAGE PRINCIPLE; REVELATION BY BIDDERS

Photosynthetic Gas Exchange in the Closed Ecosystem for Space. Phase II, Part III. Screening for Thermophilic Algae and Mutation Studies

An algal screening and mutation study was undertaken to obtain algae superior to Chlorella 71105 for use in a photosynthetic gas exchanger. Of the forty-four thermophilic algae studied, eighteen appeared to have growth rates as great as Chlorella 71105. Optimization of the physical and chemical environments of these strains is recommended as a way to further improve growth rates and concomitant oxygen production. The mutation study revealed that Chlorella 71105 is relatively resistant to germicidal ultraviolet radiation. No high temperature mutants of Chlorella 71105 were found

1/fα1/f^\alpha spectra in elementary cellular automata and fractal signals

We systematically compute the power spectra of the one-dimensional elementary cellular automata introduced by Wolfram. On the one hand our analysis reveals that one automaton displays $1/f$ spectra though considered as trivial, and on the other hand that various automata classified as chaotic/complex display no $1/f$ spectra. We model the results generalizing the recently investigated Sierpinski signal to a class of fractal signals that are tailored to produce $1/f^{\alpha}$ spectra. From the widespread occurrence of (elementary) cellular automata patterns in chemistry, physics and computer sciences, there are various candidates to show spectra similar to our results.Comment: 4 pages (3 figs included