Replaced with revised version of paper 07/24/07.

This paper applies both parametric and non-parametric approaches to evaluate Economies of Size and Total Factor Productivity (TFP) in Alberta cow-calf production based on the unbalanced panel data from 196 farmers during the time period from 1995 to 2002. Under the parametric approach, a random...

This article empirically studies the pricing kernel implicit in option prices. Based on the cross-sectional fits alone, no significant difference can be detected between models with different factor dynamics. A cubic pricing kernel provides almost perfect fits in the sample. Nonlinearity in the...

Importance measures have been widely studied and applied in reliability and safety engineering. This paper presents a general formulation of moment-independent importance measures and several commonly discussed importance measures are unified based on Minkowski distance (MD). Moment-independent...

Many cities worldwide have considered vehicle restriction policies to curb proliferating problems related to traffic and pollution. At the beginning of 2011, Beijing became the first city to allocate vehicle license plates using a lottery. We provide a background on Beijing׳s lottery and...

China and the United States of America (US) are developing renewable energy concurrently. In this paper, we seek the opportunities for potential cooperation between these two countries based on the analysis of annual economic data. A mathematical model has been established to characterize...

Based on the result from the survey which carried out in Shijiazhuang University of Economics and the level of entrepreneurial qualities among the college students, this research analyses the level of college students’ entrepreneurial qualities in the area of knowledge, ability and psychology....

Compliance and enforcement is a fundamental issue within environmental law. But despite its pertinence, it is an area that has been neglected in academic research. Addressing this gap, this timely book considers the circumstances under which networking can increase the effectiveness of...