Through the implementation of an experimental design, this study examines the effect of buyer demand specification and search patience on the home buying process. We find that there are no significant effects of demand specification on the behavior of brokers and the search results. When the...

To examine the blocking effect of transaction costs on household mobility, we construct a housing consumption model including transaction costs and adopt an analog simulation methodology, analyzing how changes in household income and home prices influence household consumption, savings decisions...

Tests and estimation for changes in the coefficients of linear regression models, particularly the analysis of covariance and the Chow tests, are well known to econometricians and are widely used. This paper demonstrates that analogous estimation can also be constructed in simultaneous equation...

The quantity of some resources is limited because of project cost constraints. These resources may be required by multiple activities simultaneously during a construction process. In a discrete simulation that models the construction process, tracing and controlling such entities, e.g....

To examine the impact of trade barrier reductions on the Chinese economy following its WTO accession, a single-country, static CGE (Computable General Equilibrium) model is constructed, which incorporates certain elements of imperfect competition in China's current economic situation. China's...

An alternative heuristic method for scheduling repetitive projects in which resources are limited and activities may be executed with multiple modes of resource demands associated with different durations is proposed. Unlike general heuristic methods that separately analyze each competing...

This paper proposes a simple back testing procedure that is shown to dramatically improve a panel data model's ability to produce out of sample forecasts. Here the procedure is used to forecast mutual fund alphas. Using monthly data with an OLS model it has been difficult to consistently predict...

With the advance of urbanization process and rapid growth of urban population, the construction land scale in Dianchi Lake basin increases at a sharp speed. Due to lack of reasonable scale control and space optimization, many areas have the problem of blind growth in construction land. On the...

Illumination factors can affect growth of microalgae and HCO3− fixation. In order to optimize microalgae growth in culture system and HCO3− fixation from wastewater, the effects of light source, light interval on the growth of microalgae, Chlorella sp. and Scenedesmus obliquus sp., were...

We investigate an informal yet important mechanism in the private equity industry that helps to reduce uncertainty: relationship building. Based on a large sample of private equity funds over the 1980-2010 period, we find that the general partners strategically allocate good funds to loyal...