These notes essentially tie up a few loose ends in Lecture 8; in particular, I exhibit examples of inefficiencies in first- and second-price auctions. I would also like to briefly comment on Questions 1 and 2 in Problem Set 2
1 Introduction Electrostatic thrusters (“ion engines”) are the best developed type of electric propulsion device, dating in conception to the ‘50’s,(1) and having been demonstrated in space in 1964 on a suborbital flight of the SERT I spacecraft(2). The early history
Testing for a Fractional Unit Root in Time Series Regression Chingnun Lee, Tzu-Hsiang Liao2 and Fu-Shuen Shie Inst. of Economics, National Sun Yat-sen Univ Kaohsiung, Taiwan Dept. of Finance, National Central Univ, Chung-Li, Taiwan