This paper investigates the asymptotic behavior of tail probability of a randomly weighted sum of real-valued heavy-tailed dependent random variables; the weights form another sequence random variable. Under some other mild conditions, the asymptotic relations obtained are further applied to...

The major developments in the study of institutional economics in recent years has greatly deepened people's understanding of institutional change and market evolution. Generally speaking, institutional change is headed in the general direction of the continuous reduction of market transaction...

This paper studies the problem of public opinion formation and concentrates on the interplays among three factors: individual attributes, environmental influences and information flow. We present a simple model to analyze the dynamics of four types of networks. Our simulations suggest that...

This paper deals with the role of Information Systems (IS) in organizations of an emerging economy, China. It attempts to foster a deeper understanding of IS in Chinese state-owned enterprises (SOEs) as the country begins to open its economy and as foreign participation increases. The study...

In this paper, an analytic approach is applied to approximate stochastic differential utility for both endowment and production economies. This utility function satisfies a second order nonlinear differential equation and is analytic near the stationary mean of the state variable. The radius of...

In their pioneering research, Becker, Landes and Michael (1977) found that beyond age 30 there is a positive relationship between women's age at first marriage and marital instability. They interpreted this finding as a "poor-match" effect emerging as the biological clock begins to tick. In...

Using data from the 2006-2010 National Survey of Family Growth, conducted in the United States, we study the role of religious affiliation and participation in the labor supply behavior of non-Hispanic married women with young children. We estimate ordered probit models with a trichotomous...