It is shown that the volume of trade can be decomposed into proportional proxies for stochastic flows of good news and bad news into the market. Positive (good) information flows are assumed to increase the price of a financial vehicle while negative (bad) information flows decrease the price....

We investigate the impact of a potential new sports venue on residential property values, focusing on the National Football League's Dallas Cowboys' search for a new host city in the Dallas-Fort Worth area. We find that residential property values in the city of Dallas increased following the...

We propose a methodology that facilitates a direct test of the homevoter hypothesis, which posits that homeowners vote in favor of public projects they perceive increase residential property values and against those that do not. First, we estimate how pre-referendum events that signal a higher...

This paper provides an empirical analysis of the relationships between three popular lottery games in the state of Texas: Lotto Texas, Texas Two Step, and the multi-state Mega Millions game. The analysis suggests complementarity between the Lotto Texas and Mega Millions; habitual players tend to...

The problem of simultaneous inference and multiple comparison for comparing means of k(≥3) populations has been long studied in the statistics literature and is widely available in statistics literature. However to-date, the problem of multiple comparison of regression models has not found its...

While we assume in the corporate entrepreneurship literature that organizational members develop entrepreneurial behavior, little is known of how these members construct an entrepreneurial identity and how this affects the organization. We draw from the social constructionist approach to...

type="main" <p>Traditionally, real exchange rates are seen to be influenced in the long run by forces that return economies to purchasing power parity and by differences in productivity growth across sectors and across regions, as per the Balassa–Samuelson hypothesis (BSH). However, minor and...</p>

To achieve agricultural sustainability, basic land planning would allocate more areas for specific land uses with high ecosystem service values. However, this has always failed because of its low economic interest. Paying farmers would be effective for its implementation. To overcome previous...

As one of the necessities of life, clothing is on the important position in the daily life of urban and rural residents. Firstly, the paper carries out the descriptive statistical analysis about clothing consumption expenditures of urban and rural residents; secondly, in accordance with the...