Although multiple-purchase behavior is typical in retail practice, the choice model to portray such behavior is rare in existing research. This paper presents a new multiple-purchase (MP) choice model based on the multinomial logit (MNL) choice model, which allows customers to purchase more than...

Many studies have confirmed that the separation of parents and children has a negative impact on children's growth. Although compulsory-education barriers for migrants' children have gradually disappeared in China, many families who migrate to cities have to leave their school-age children in...

In this paper, we study the finite-time ruin probability in the risk model driven by a L´evy subordinator, by incorporating the popular Fourier-cosine method. Our interest is to propose a general approximation for any specified precision provided that the characteristic function of the L´evy...

This paper investigates the strategic interaction of information acquisition, information-based dynamic trading, and noise trading patterns, as well as its significant implications on market equilibrium outcomes. We consider a market where the strategic trader can dynamically acquire costly...

In this study, using the multinomial logit model, we investigate what factors influence farmers. choices between the alternatives of agricultural work, nonagricultural work, temporary migration, and permanent migration.We find that improving education can help local areas retain their surplus...

This paper applies Within3SLS to estimate simultaneous equations for panel data of Japanese manufacturing firms to investigate the relationship between investment and fund raising. A negative interrelationship between current leverage and investment is detected.

This paper investigates the impacts of robot stocks on labor productivity and that of employment rate on labor markets in the three largest economies from 2006 to 2019. The verification results show that the robot stocks have significant influence on the labor productivity among all of the three...

Uncertainty induced by the political environment affects investment risk, and thus affects investment decisions, which have a close relationship with economic development. This paper investigates the economic cost of political instability using the case study of the tense relationship...

The uncertainty induced by the political environment affects the investment risk, and thus affects the investment decision which has a close relationship with the economic development. This paper investigates the economic cost of political environment, using the intension of cross-strait...

The paper attempts to study the insufficiency of corporate dividend payout in China from the perspective of financial constraint. The three financial constraint indexes are constructed to study the influence of financial constraint on corporate payout behavior. Furthermore, the issuance of...