This paper improves renewal payment based patent value model by introducing unexpired patents into the model. We estimate value of the invention patents based on SIPO records in China and compare values of patents between local owners and owners from the U.S., Japan and European countries. The...

Innovation Spaces in Asia provides insight into how and why Asia is poised to impact global innovation. Asia is undergoing rapid developments in markets, sources of technology and user preferences. A key characteristic of the book is the rich empirical understanding of the dynamic processes,...

In this paper, we investigate static super-replicating strategies for European-type call options written on a weighted sum of asset prices. This class of exotic options includes Asian options and basket options among others. We assume that there exists a market where the plain vanilla options on...

The paper clarified the effect of humidity adjustment of Trombe wall on indoor environment by the experimental comparison between a passive solar cell and a reference cell. Theoretical analysis on indoor humidity adjustment of Trombe wall in the passive solar cell is also performed based on...

We study the thermal transport through a quantum spin-1/2 chain heterostructure, which consists of a finite-size chain with two-site isotropic XY interaction and three-site XZX+YZY interaction coupled at its ends to two semi-infinite isotropic XY chains. After performing Jordan-Wigner...

With the aid of the Schwinger-boson mean-field method, we study the low-lying excitations and thermodynamic properties of a ferrimagnetic Heisenberg two-leg ladder (i.e., a ferrimagnetic double-chain with an antiferromagnetic interaction). The interaction between the two chains plays an...

There has been little research on the application of shading devices in the air gap of the Trombe wall in China. Experiments on the thermal performance of an advanced Trombe wall with shading in the air gap was conducted in a passive solar house in Dalian. The thermal performance was...

During the three flood seasons following the Wenchuan earthquake in 2008, two catastrophic groups of debris flow events occurred in the earthquake-affected area: the 2008-9-24 debris flow events, which had a serious impact on rebuilding; and the 2010-8-13/14 debris flow events, which destroyed...

Let X(N,d) be a N-parameter Omstein-Uhlenbeck process taking values in ##R##d. In this paper, we prove that, for an arbitrary pair of positive integers (N, d) and any open set S in ##R##d, X(N,d) is recurrent to S. This is surprisingly different from the recurrence properties of the N-parameter...

This paper first provides some useful results on a generalized random coefficient autoregressive model and a Markov plus i.i.d. noise model. These results simultaneously imply strict staionarity, existence of higher-order moments, goemetric ergodicity and b-mixing with exponential decay rates,...