We study an average-cost stochastic inventory control problem in which the firm can replenish inventory and adjust price at anytime. We establish the optimality to change the price from low to high in each replenishment cycle as inventory is depleted. With costly price adjustment, scale...

We develop a model to study the impacts of speculative position limits in commodity futures market. In the spirit of Dodd-Frank Act, regulators believe that position limit on speculators would dampen futures price volatility and prevent market manipulation. We show that this is not true due to...

This paper examines the effect of equity investor sentiment on the bond market. While empirical evidence suggests that high investor sentiment leads to equity overvaluation, there is limited evidence of its effect on the bond market. Sentiment can have a negative impact on bond returns via two...

Uranyl, a strong Lewis acid, forms stable complexes with relatively hard donors and it is commonly believed that uranyl complex with trialkylamine is stabler than trialkylphosphine. However, there are no thermodynamic parameters to evaluate the complexation stabilities of R 3 N-UO 2 2+ and R 3...

This paper studies the aftermath of “unsuccessful” antidumping investigations that failed to achieve positive antidumping findings or antidumping duties against foreign exporters. While these investigations may be viewed as benign, “unsuccessful” investigations may nonetheless elevate...