This paper presents a unified simple correlation for estimating specific chemical exergy of solid and liquid fuels on dry basis. The specific chemical exergy of a dry fuel was split into two contributions: chemical of exergies of organic matter and inorganic matter, respectively. To estimate...

This paper studies complete-information, all-pay contests with asymmetric players competing for multiple heterogeneous prizes. In these contests, each player chooses a performance level or score. The first prize is awarded to the player with the highest score,the second,less valuable prize to...

This paper studies a complete-information bargaining game with one buyer and multiple sellers of di¤erent ?sizes? or bargaining strengths. The bargaining order is determined by the buyer. If the buyer can commit to a bargaining order, there is a unique subgame perfect equilibrium outcome where...

In an age of increased necessity for competitiveness of nations and at a time when the world economy is facing recession, this book explores the possible trajectory of ASEAN – arguably one of the most dynamic areas in the world – as a regional economic and political bloc. The...

The surface shape and optical quality of the solar concentrators have a great influence on the solar power plant efficiency, and there need an accurate, inexpensive and fast tool to do this measurement work at the plant start up and during operation. The development of the measurement methods of...

In this paper, we reexamine the mutual fund flow-performance relationship and star effect using mutual funds in China that have unique features of high risk and low performance persistence. Confirming prior studies, we find that fund performance is positively related to flows in subsequent...

We analyze mutual fund flow–performance relationship using a novel sample of Chinese mutual funds that trade in a volatile market environment. Consistent with existing literature, we find that the net flow to a fund is positively related to past fund performance. However, the positive...