We analyze the risk level chosen by agents that have private information regarding their quality. We show that even risk-neutral agents will choose risk strategically to enhance their reputation in the market, in a manner determined by the risk choices of other agents. Our model employs the...

This paper explores rent-seeking behavior in a heavily regulated equity-financing market. Using manually-collected information about ownership changes from China's IPO application filings for the Growth Enterprise Market (GEM), we find that over a third of firms receive late-stage private equity...

To investigate the coupled conduction-radiation heat transfer in C/SiC composites, a multiscale numerical method is proposed in this paper. The multiscale method combines a three-scale physical model and a multiscale mathematical method for predicting the thermal conductivity of composite...

This paper has three objectives: (1) To introduce a theoretical solution to the issue of non-additivity between assets in place, relying on an accounting-based valuation approach; (2) To explain how such an approach can be implemented empirically by measuring synergies between assets; (3) To...