The purpose of the present paper has been to test whether loss reserving models that rely on claim count data can produce better forecasts than the chain ladder model (which does not rely on counts); better in the sense of being subject to a lesser prediction error.The question at issue has been...

One of the key challenges for implementing RFID systems in supply chain management is the difficulty in economic justification. Such difficulty is further amplified by its public participation nature as multiple self-interest beneficiaries may receive diverse paybacks, and their incentives to...

Using data from the China part of the World Value Survey (WVS), this paper empirically studies the impact of air pollution on happiness, and further, the citizens' willingness to pay (WTP) for pollution prevention and its determinants. The result confirms that air pollution significantly worsens...

Many consumer choices involve choosing multiple options from an assortment of products that serve the same goal (e.g., choosing among products in the oral care aisle). We propose that the number of products purchased in these scenarios depends upon consumers' mental representation and on the...

I study intermediation in a buyer-seller network with sequential bargaining. An intermediary matches traders connected in a network to bargain over the price of heterogeneous goods and has the freedom to charge each side commission. A profit-maximizing middleman can help eliminate trading delays...

Seasonalities in asset returns, including the January effect, the Halloween effect and the same-calendar-month effect, are widely documented in the literature. We show that a number of popular factors in the empirical asset pricing literature exhibit some well-known seasonalities. Most of the...

Extant theories on the disposition effect are largely silent on most of the related trading patterns, including the V-shape results for probabilities of buying and selling against unrealized profit. On the other hand, portfolio rebalancing and learning have been shown to be important, even for...

This paper explores how two types of neighbor effects, referring to participation and performance effects, affect household’s stock investment propensity and intensity. Using the sample of urban households in China, we find that both the higher stock participation rate and the performance in...

Green products have been paid much attention in the domain of market players and environmental policy in recent years. In this study, we first build a Stackelberg game model to investigate the enterprises' optimal production strategies considering consumers' willingness to pay and enterprises'...