We examine the linkage between the Singapore and China fuel oil markets using cointegration and Granger causality tests. We find that the Singapore fuel oil spot price is positively correlated with the Shanghai fuel oil futures price and the Huangpu fuel oil spot price. The correlations are as...

This paper documents the short- and long-term balance sheet effect of cash flows. We show that cash savings in the short run and debt reduction in both the short and the long run account for a substantial fraction of cash flow use. Although, in the long run, investment exhibits substantial...

In the paper, the concept of circulation industrial chain of distinctive agricultural products is introduced. By using the e-commerce platform, the new industrial chain for the circulation of distinctive agricultural products on the basis of online transaction is established. In view of the...

This paper studies the moment boundedness of solutions of linear stochastic delay differential equations with distributed delay. For a linear stochastic delay differential equation, the first moment stability is known to be identical to that of the corresponding deterministic delay differential...

This paper discusses the wealth distribution in a finite-sized closed economic system, where each agent may choose one amongst the four strategies: hawk, defect, cooperate and dove. When two agents encounter, exchange of the wealth is decided by the rules defined. The simulation results show...

We investigate the effects of delaying the time to recovery (delayed recovery) and of nonuniform transmission on the propagation of diseases on structured populations. Through a mean-field approximation and large-scale numerical simulations, we find that postponing the transition from the...

A fundamental question of human society is the evolution of cooperation. Many previous studies explored this question via setting spatial background, where players obtain their payoffs by playing game with their nearest neighbors. Another undoubted fact is that the environment plays an important...

Based on the theory of cooperation and competition, this study examines the relationships between cooperative goals, advice network, and team performance, and their boundary conditions. Based on multi-source data from 189 teams in a military organization, results indicate that cooperative goals...

In order to give a better understanding for the selection of suitable absorbents for the novel membrane vacuum regeneration technology (MVR) which has the potential to reduce CO2 energy requirement by utilizing the waste heat or low-grade energy, an experimental study to determine the...