This paper studies the behavioral changes produced by the events of September 11th, 2001 on intercity air travel behavior, the impacts that increases in security inspection times had on the airline industry’s market share, and the economic optimality of inspection time goals. We develop...

Sea ice thickness is one of the main hazard factors of ice disasters in Bohai Sea. In this paper, through shore-based radar (X-band) data analysis, the appropriate pixel for ice type extraction was firstly determined. Then, combined with observation data obtained with ice type trackers, the...

This paper describes the key findings from a major research project aimed at assessing the impacts of the Port Authority of New York and New Jersey's time of day pricing initiative on the behavior of commercial carriers. The paper, believed by the authors to be the first comprehensive study on...

We show that when investors review their consumption and investment plans infrequently at different points in time with interim information flow the standard consumption-based capital asset pricing model (CCAPM) will continue to hold only at those points in time when all investors review their...

When consumption betas of stocks are computed using year-over-year consumption growth based upon the fourth quarter, the CCAPM explains the cross-section of stock returns as well as the Fama and French (1993) three-factor model. The CCAPM's performance deteriorates substantially when consumption...

This study employed a clustering algorithm and a logistic regression analysis to examine the relationship between cropland and demographic attributes obtained at the census block group level. The result indicated that population density, African Americans, and poverty are significantly related...