A comparison of regime-switching approaches to modeling the stochastic behavior of temperature with an aim to the valuation of temperature-based weather options is presented. Four models are developed. Three of these are two-state Markov regime-switching models and the other is a single-regime...

Zn(1-x)GaxO thin films (x = 0.01, 0.03, 0.05, 0.07 named as GZO1, GZO2, GZO3, GZO4, respectively) were deposited on glass substrates by RF magnetron sputtering. The crystal structure, electrical, thermoelectric and magneto-thermoelectric properties of GZO films were investigated. It is found...

A series of Zn1-xMgxO (x = 0 ~ 0.16) films have been prepared on glass substrates by RF magnetron sputtering. The structure, surface morphology, composition, optical and electrical properties of the films were investigated by X-ray diffraction (XRD), scanning electron microscope (SEM), energy...

Highly transparent ZnO thin films were deposited on glass substrates by using a simple and inexpensive multi-step sol–gel spin coating process. This research investigated the effects of annealing temperature in the range from 350–600°C on the microstructure, surface morphology and optical...

To impose the law of one price (LoOP) restrictions, which state that all firms face the same input prices, Kuosmanen, Cherchye, and Sipiläinen (2006) developed the top-down and bottom-up approaches to maximizing the industry-level cost efficiency. However, the optimal input shadow prices...

Based on the Lee-Carter (LC) model, the benchmark in population forecasting, a variety of extensions and modifications are proposed in this paper. We investigate one of the extensions, the Hyndman-Ullah (HU) method and apply it to Asian demographic data sets: China, Japan and Taiwan. It combines...

Congestion is a widely observed economic phenomenon where outputs are reduced due to excessive amount of inputs. The previous approaches to identify congestion in nonparametric analysis only consider desirable outputs. In the production process, undesirable outputs are usually jointly produced...

This paper develops a model to assess the quantitative effects of barriers to entry and financial frictions on cross-country income and TFP differences. The main focus is on the interaction between barriers to entry and financial frictions. The model is calibrated to match the firm level...