Chinese IPOs offer investors two potential lottery-like gains. One is huge first day returns as Chinese issuers leave more money on the table than other issuers and the other is that a particular IPO may go on to become the next Alibaba in the long run. Using a sample of 862 book-built Chinese...

This paper investigates whether prospect theory (PT) or a preference for lottery-like gains on stocks can explain the peculiarities of IPO returns in China. Chinese IPOs offer investors two potential lottery-like gains. One is potentially huge first day returns as Chinese issuers leave more...

This paper analyzes the demand for shrimp along with beef, pork, and chicken in the US food market, which contributes much to predicting supply strategies, consumer preferences and policy making. It focuses on the own and cross relationship between the expenditure share and price, income...

The idea of elderly in-migrants as an important factor or stimulus to local economic development (Serow, 2001) has been confirmed by quite a few studies such as Bennett (1993); Carlson, Junk, Fox, Rudzitis, & Cann (1998); Day & Barlett (2000); Hodge (1991); Serow & Haas (1992); and Stallmann,...

The Economics of fertilizer application has been an interesting issue in regard to crop production (Kennedy et al., 1973). Understanding the temporal dynamics complicates the issue along two dimensions: fertilizer carryover and fertilizer runoff. Fertilizer carryover measures the amount of...

By implementing X-11 process to eliminate the seasonal effect from the data of nominal GDP and Shanghai Securities Composite Index from 1996 to 2015, conducting co-integration test and Granger causality test on these processed data, and examining the leading characteristics of the securities...

We hypothesize that clothes can affect the behavior of the wearer by influencing the person’s identity. We test this hypothesis by recruiting trick-or-treaters during Halloween, a time of year when people wear salient and extreme clothing. Because the tradition of costume-wear for Halloween...