Case, Quigley, and Shiller (2005) persuasively argue that the well-known conceptual difficulties in measuring aggregate “wealth effects” might be lessened by the use of state-level data. Unfortunately, the data required for a convincing implementation of their idea have been either virtually...

This paper tests for herding towards the market consensus for US and UK leading stocks, and to the best of our knowledge addresses a gap in the literature regarding the importance of major fundamental macroeconomic announcements. The results indicate that US investors tend to herd during days...

This paper analyzes the demand for shrimp along with beef, pork, and chicken in the US food market, which contributes much to predicting supply strategies, consumer preferences and policy making. It focuses on the own and cross relationship between the expenditure share and price, income...

A series of interesting questions will be proposed and tried to be answered in this paper such as: Is there a limit of disaster-bearing capability in a region human-environment system (HES) when the system is hit by an extreme flood disaster? If so, what does it mean and how can it be explained?...

Benefited from the fruitful results of general light-emitting diode (LED) lighting, the LED is utilized in the automotive forward lighting recently, the LED headlamp, due to its ability of improving the efficiency, durability and comfort of the automobile. Both the rough operating environments...

The idea of elderly in-migrants as an important factor or stimulus to local economic development (Serow, 2001) has been confirmed by quite a few studies such as Bennett (1993); Carlson, Junk, Fox, Rudzitis, & Cann (1998); Day & Barlett (2000); Hodge (1991); Serow & Haas (1992); and Stallmann,...

The Economics of fertilizer application has been an interesting issue in regard to crop production (Kennedy et al., 1973). Understanding the temporal dynamics complicates the issue along two dimensions: fertilizer carryover and fertilizer runoff. Fertilizer carryover measures the amount of...