This study aims to explore the combined effect of injection angle and injection pressure in a gasoline direct injection rotary engine by means of numerical simulation. Simulation results show that with the increase of injection angle, the fuel impinging position changes from the rotor recess to...

This paper investigates the pricing impact of the Chinese land lease auction method when compared to non-auction methods. Using land lease transactions in Beijing from 2003 to 2010, we show that, after controlling for land characteristics, the selling mechanism matters and that the auction...

Big house or small house, which one should we buy? To answer this question, we employed both mean-variance approach and stochastic dominance approach that utilizes the entire yield distribution to rank the performance of the Hong Kong housing market. While mean-variance rules cannot show a clear...

ates its undiversi able market risk exposure. Past research has consis- tently shown that REITs have low betas with respect to market proxies that are often equity indices, such as S&P 500 and CRSP indices. As a result, investors perceive REITs as a less risky investment vehicle that ra-...

This paper develops a model of used vehicle trade between countries with different environmental regulations regarding vehicle emissions. We show that the US, given its strict environmental regulations, has incentives to export used vehicles to Mexico, which impacts air pollution emissions...