A market-maker-based prediction market lets forecasters aggregate information by editing a consensus probability distribution either directly or by trading securities that pay off contingent on an event of interest. Combinatorial prediction markets allow trading on any event that can be...

This paper assesses China's Renminbi peg to the U.S. dollar using a structural VAR model. One unique contribution of the paper is that we model China as a large open economy in one structural VAR model with the U.S. by utilizing combinations of short- and long-run identification restrictions and...

Between 1995 and 2007, inflation-adjusted house prices more than doubled in some areas of the United States. During this unprecedented boom, households spent more and reduced their saving rate. A key question is how much of the increased spending was related to rising house prices, as opposed to...

PV-Trombe wall (PVTW) is a novel version of Trombe-wall. Photovoltaic cells on the cover glazing of the PVTW can convert solar radiation into electricity and heat simultaneously. A window on the south façade can also introduce solar heat into the room in the winter season. Experiment has been...

Focusing on the sustainable livelihoods of rural households and regional sustainable development, this research takes Yan'an at the upper reaches of Yellow River and Zhaotong at mid-upper reaches of the Yangtze River as the study areas, extracts the central affecting factors of energy...

Herein, we consider the nonlinear filtering problem for general right continuous Markov processes, which are assumed to be associated with semi-Dirichlet forms. First, we derive the filtering equations in the semi-Dirichlet form setting. Then, we study the uniqueness of solutions of the...