This paper analyzes a reward system that uses a club good to promote recycling. In particular, we examine a context of incomplete information in which the administrator is unable to observe the resident's attitude towards recycling. The results suggest that despite the lack of information, the...

Feeder cattle are fattened to become fed live cattle six months later. The U.S. feeder cattle industry is intensively competitive, so that market efficiency suggests feeder cattle prices should fully reflect feed prices and information on future fed cattle prices. Employing a long time series...

This paper analyzes how a tax/subsidy policy affects consumers? behavior when choosing between green (pollution free goods) and conventional products and its effects on welfare when some consumers have strong preferences for green goods. We develop a three stage complete information game, using...

2024 aluminum alloy is one of the duralumin with high strength, low density, and good heat resistance. We use it primarily in aerospace, but due to its poor plastic toughness, the use and application scope of the workpiece has caused a specific limit, so the aging treatment will improve its...

Purpose Branched articulated robots (BARs) are highly non-linear systems; accurate dynamic identification is critical for model-based control in high-speed and heavy-load applications. However, due to some dynamic parameters being redundant, dynamic models are singular, which increases the...