Several recent studies have examined whether the main Chinese stock markets in Shanghai and Shenzhen are weak-form efficient. A consistent feature of the findings is that the pricing of foreign-owned B shares is more predictable than domestically-owned A shares. However, none of the earlier...

For the Australian rail industry, environmental regulation is a regulatory hotspot causing suboptimal rail operations and business performance. Attempts to measure the cost of regulatory burden are few, more so given the conceptual and practical challenges. This article employs the prism of...

Let (Xt)t⩾0 be a Feller process generated by a pseudo-differential operator whose symbol satisfies ‖p(⋅,ξ)‖∞⩽c(1+|ξ|2) and p(⋅,0)≡0. We prove that, for a large class of examples, the Hausdorff dimension of the set {Xt:t∈E} for any analytic set E⊂[0,∞) is almost surely...

Wind farm micro-siting is to determine the optimal positions of wind turbines within the wind farm, with the target of maximizing total power output or profit. This paper studies the performance of the lazy greedy algorithm on optimization of wind turbine positions above complex terrain. Instead...

This paper presents a novel time-adaptive quantile-copula estimator for kernel density forecast and a discussion of how to select the adequate kernels for modeling the different variables of the problem. Results are presented for different case-studies and compared with splines quantile...

This paper describes the current status of fabrication of electrochromic devices based on sol-gel deposited electrochromic and counter-electrode thin films. Sol-gel film deposition is being developed by Sustainable Technologies Australia as a technique for fabrication of switchable architectural...

This article presents a methodology for quantifying the costs of dysfunctional environmental regulation faced by the Australian rail industry and derives indicative lessons for best practice with respect to measuring regulatory burden. By drawing on results from a recent benchmarking analysis,...

Hong Kong has almost perfect electricity reliability, the result of substantial investments ultimately financed by electricity consumers who may be willing to accept lower reliability in exchange for lower bills. But consumers with high outage costs are likely to reject the reliability...

The objective of this article is to develop a computationally efficient estimator of the regression function subject to various shape constraints. In particular, nonparametric estimators of monotone and/or convex (concave) regression functions are obtained by using a nested sequence of Bernstein...