This study investigates the Chinese Lunar New Year (CLNY) holiday effect in major Asian stock markets. These are China, Hong Kong, Japan, Malaysia, South Korea and Taiwan. For robustness test, India is also examined in this paper. Daily stock index returns for each market are analysed for the...

Price reform is an important item in the reform of the Chinese economic system. The changes in the relations between interests brought about by the reform touch almost every corner of economic life. Therefore, we need to conduct a penetrating analysis of an entire series of problems involved in...

In this work, according to integrated pest management principles, a class of predator–prey system with state-dependent impulsive effects is put forward. In this model, the control strategies by releasing natural enemies and spraying pesticide at different thresholds are considered. The...

Based on a continuous-time model of quasi-hyperbolic discounting, this paper provides an analytically tractable framework of entrepreneurial firms’ investment and capital structure decisions with time-inconsistent preferences. We show that the impact of time-inconsistent preferences depends...

Intra-urban human mobility is investigated by means of taxi trajectory data that are collected in Shanghai, China, where taxis play an important role in urban transportation. From the taxi trajectories, approximately 1.5 million trips of anonymous customers are extracted on seven consecutive...

In classical Laplacian image sharpening, all pixels are processed one by one, which leads to large amount of computation. Traditional Laplacian sharpening processed on CPU is considerably time-consuming especially for those large pictures. In this paper, we propose a parallel implementation of...

This paper examines optimal reorganization strategies during financial distress and securities valuation under asymmetric information. We model strategic interactions between debtholders and equityholders in a game-theoretic setting that can accommodate the varying bargaining powers of the two...