Market efficiency varies across individual stock according to stock attributes. This paper finds prices are closer to random walk benchmarks for stocks with better liquidity provision, frequent trading, greater return volatility, higher prices, larger market capitalizations, and smaller trade...

We introduce the function principal component regression (FPCR) forecasting method to model and forecast age-specific survival functions observed over time. The age distribution of survival functions is an example of constrained data whose values lie within a unit interval. Because of the...

We analyze the equilibrium spread when the transaction size of informed traders is elastic in the value of private information (α). We show that the pooling equilibrium is likely to be inefficient when trade size is sensitive to α and the inefficient equilibrium can occur before the market...

For sake of actualizing anti-trade barrier and changing the situation of price war after China's taking part in WTO, Jiangsu laver association was founded. By using the Bayesian Cournot model, this paper analyzes the basis of trade association's foundation is the ability of improving product...

In group decision-making (GDM), there exist cognitive and realistic uncertainties and humans exhibit hesitation and ambiguity. Using probabilistic linguistic term sets (PLTSs) can better adapt to the above challenges. However, the current PLTS-based methods rarely take the subjectivity and...