A considerable fraction of college students and bachelor's degree recipients enroll in multiple postsecondary institutions. Despite this fact, there is scant research that examines the nature of the paths – both the number and types of institutions – that students take to obtain a bachelor's...

In the present study, effects of hydrogen induction on combustion characteristics of a compression ignition diesel engine were investigated and a comprehensive model for identifying knocking combustion was developed. This was done by defining number of critical local regions within the CFD...

This study examines whether and to what extent emerging-market multinational enterprises (EM MNEs) use outward foreign direct investment (FDI) in a developed market to capture knowledge spillovers so as to improve their technological capabilities at home. We refer to this as a “reverse...

A naturally-controlled organic Rankine cycle (ORC) without negative work is proposed. Compared with conventional ORCs, the novel system uses gravity instead of a pump to pressurize the working fluid, and hence the problems associated with the pump can be avoided. A possible application of the...

Value-at-risk (VaR) and conditional value-at-risk (CVaR) are popular risk measures from academic, industrial and regulatory perspectives. The problem of minimizing CVaR is theoretically known to be of a Neyman–Pearson type binary solution. We add a constraint on expected return to investigate...

SUMMARY Holly, Pesaran, and Yamagata (Journal of Econometrics 2010; <b>158</b>: 160–173) use a panel of 49 states over the period 1975–2003 to show that state‐level real housing prices are driven by economic fundamentals, such as real per capita disposable income, as well as by common shocks, such as...

We study the valuation of unit-linked life insurance contracts with surrender guarantees. Instead of solving an optimal stopping problem, we propose a more realistic approach accounting for policyholders' rationality in exercising their surrender option. The valuation is conducted at the...