Baumol’s Cost Disease offers a compelling hypothesis of rising unit costs in stagnant sectors, but increased productivity in progressive sectors may generate the same prediction through income effects. We examine quantity (rather than expenditure) data from the U.S. educational sector to...

Purpose–The purpose of this paper is to examine preferences of Chinese individual and institutional investors to cash dividends and stock dividends. Using categorized daily holding information from the TOPVIEW database, the authors test how percentage holdings of individuals and institutional...

In general, gradient estimates are very important and necessary for deriving convergence results in different geometric flows, and most of them are obtained by analytic methods. In this paper, we will apply a stochastic approach to systematically give gradient estimates for some important...

C60 films were fabricated by vacuum sublimation and studied with dielectric spectroscopy regarding glass transition. With annealing, the dielectric loss peaks decreased in height, and the apparent activation energy deduced from their frequency dependence dropped in magnitude. The peaks, broad...

No abstract available.

Many researchers have focused on the success of shopping centres in developed countries, but few studies have been done for developing countries. Using Beijing as a case study, this paper analyzes consumer shopping patterns at shopping centres. The data is collected by surveys of shoppers at...

We study a three-player cooperative game with transferable utility where the players may form different coalition structures. A new concept of stability of a coalition is introduced, and the existence of a stable coalition is proven. Based on this stability concept, a novel approach is given to...

Lin, Cai, and Li [Lin, Y., Cai, F., Li, Z., 1998. Competition, policy burdens, and state-owned enterprise reform. American Economic Review 88, 422-327] argue that under information asymmetry, SOE managers can use state-imposed policy burdens as excuses of poor performance and make the State...