This study presents an empirical method of modeling the nonnegativity of dependent variables using truncated logistic and normal disturbance distributions. The method is applied in estimating a ranch land hedonic price function. Results show that the degree of truncation is significant.

This article studies the market reaction surrounding the announcement of the convertible bonds issuance in Chinese market, and partly explains the difference of influence on underlying securities in mature market such as the US market and emerging market in China. Meanwhile, it reveals how...

Cellulosic ethanol made from cellulosic biomass is an alternative to petroleum-based transportation fuel. The cost-effectiveness of cellulosic ethanol manufacturing has been hindered by several technical barriers. One such barrier is that low density of biomass causes high costs of biomass...

Along with the rapid economic development of China, carbon dioxide (CO<InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$_{2}$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mrow/> <mn>2</mn> </msub> </math> </EquationSource> </InlineEquation>) emissions will inevitable rise in the future. This will happen even though the Chinese government has made a series of attempts to constrain the CO<InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$_{2}$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mrow/> <mn>2</mn> </msub> </math> </EquationSource> </InlineEquation>-emissions, and is committed to reduce...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation>

Ammonia–water mixtures have been used as working fluids in absorption–refrigeration cycles for several decades. Their use as multi-component working fluids for power cycles has been investigated recently. The thermodynamic properties required are known or may be calculated at elevated...

A combined thermal power and cooling cycle is proposed. The proposed cycle combines a Rankine cycle and an absorption refrigeration cycle. It can provide power output as well as refrigeration with power generation as a primary goal. The new cycle uses very high concentration ammonia vapor in the...

The water quality assessment is a fuzzy concept with multiple indicators and classes. Because of subjectivity in determining index weight and assessment standard as point forms in water quality assessment, evaluation results are often incompatible and independent, and sometimes with unreliable...

Unethical conduct has reached crisis proportions in business (Walker et al., Wall Str J East Edn, 258(37):A1–A10, <CitationRef CitationID="CR150">2011</CitationRef>) and on today’s college campuses (Burke et al., CPA J, 77(5):58–65, <CitationRef CitationID="CR21">2007</CitationRef>). Despite the evidence that suggests that more than half of business students admit to dishonest...</citationref></citationref>

The stockbreeding industry is growing rapidly in rural regions of China, carrying a high risk to the water environment due to the emission of huge amounts of pollutants in terms of COD, T-N and T-P to rivers. On the other hand, as a typical biomass resource, stockbreeding waste can be used as a...

To achieve a low-carbon economy, China has committed to reducing its carbon dioxide (CO₂) emissions per unit of gross domestic product (GDP) by 40%–45% by 2020 from 2005 levels and increasing the share of non-fossil fuels in primary energy consumption to approximately 15%. It is necessary to...