This paper develops a valuation formula for multi-period stochastic cash flows consistent with rational risk-averse investor behavior and equilibrium in securities markets. It shows that the CAPM does not have to be sequentially applied in discounting of the cash flows of multi-period projects,...

Based on the facts of the peasant household and its labors, this paper analyses rational behavior strategy of the peasants and studies the microeconomic impact factors on the peasant behavior of employment with a discrete choice model. According to Econometric analysis, conclusions has been...

This paper presents a modelling and optimisation framework for deriving ramp metering and variable speed control strategies. We formulate the optimal control problems aiming to minimise the travel delay on motorways based upon a macroscopic cell transmission model of traffic. The optimal ramp...

We aggregate different dimensions of corporate social responsibility (CSR) activities following the stakeholder framework proposed in Clarkson (Acad Manag Rev 20(1), 92–117, <CitationRef CitationID="CR8">1995</CitationRef>) and present consistent evidence that CSR strengths targeting different stakeholders have their unique impact on...</citationref>

China has shown growing interest in market-based CO2 pricing and is expected to establish a nationwide emission trading system by 2016. This study investigates the implications of CO2 price for China’s power sector decarbonization up to 2050, incorporating different scenarios of fuel prices...

In mammals, the circadian clock is driven by multiple integrated transcriptional feedback loops involving three kinds of central clock-controlled elements (CCEs): E-boxes, D-boxes and ROR-elements. With the aid of CCEs, the concentrations of the active proteins are approximated by the delayed...

This study uses a set of return‐based factors to explore market (return and volatility) timing ability of commodity trading advisors (CTAs). Unlike previous research, we use return‐based factors that are related to the futures markets in which most CTAs trade. This leads to higher...