Recent work on stock splits have attempted to relate the information value associated with splits with that from dividends signaling. This paper extends this genre of research by evaluating the issue of dividend predictability using REIT data where the self-selection issue associated with...

This paper develops a distributionally robust joint chance constrained optimization model for a dynamic network design problem (NDP) under demand uncertainty. The major contribution of this paper is to propose an approach to approximate a joint chance-constrained Cell Transmission Model (CTM)...

This paper adopts a search model to examine individual seller’s pricing strategy under two market conditions: first, sellers have reference-dependent utility; second, the housing market is less heterogeneous, such as multi-unit residential market. Acknowledging the fact that units in the same...

The influential work of Genesove and Mayer (2001) uses loss aversion theory to explain several puzzling behaviors in the housing market. In this study, we present an alternative theory, which does not require an asymmetric value function, to observe the same "loss aversion" behavior....

By splitting the spatial effects into building and neighborhood effects, this paper develops a two order spatio-temporal autoregressive model to deal with both the spatio-temporal autocorrelations and the heteroscedasticity problem arising from the nature of multi-unit residential real estate...

This paper seeks to let data define urban housing market segments, replacing the conventional administrative or any pre-defined boundaries used in the previous housing submarket literature. We model housing transaction data using a conventional hedonic function. The hedonic residuals are used to...

This study examines the potential of a two-order spatiotemporal autoregressive model with a Bayesian heteroskedasticity robust procedure in modeling strata-titled Singapore office unit transaction prices and in constructing transaction-based disaggregate office price indexes. The model reduces...

This study aimed to explore the combustion kinetics of organic matter in Huadian oil shale using thermogravimetric analysis. Increases in particle size or heating rate shifted the combustion process to a higher temperature, because of mass transfer resistance and thermal hysteresis. An...

Biodiesel has potential as a substitute for petroleum diesel because of the increasing worldwide concern for environmental sustainability and dwindling petroleum resources. Methanol has been the commonly used alcohol for biodiesel production. Compared with methanol, ethanol can be derived from...