Frictionless economy is the new concept emerged from late 90s1. Its core idea is to remove the time both suppliers and customers spend on the trial and error on the price. So the markets always perform on the equilibriums. So markets can work in the perfect efficiency. But due to the various...

Continuous-time autoregressive moving average (CARMA) processes with a nonnegative kernel and driven by a nondecreasing Lévy process constitute a useful and very general class of stationary, nonnegative continuous-time processes that have been used, in particular, for the modeling of stochastic...

This paper investigates the fast-growing mobile TV industry in China. It uses a competitive strategy perspective to examine relations among main players and forces, including the incumbent 3G mobile operators, cable operators as new entrants, other emerging techniques, content providers as the...

The heteropolyacid H3PW12O40 has been used as a catalyst for the production of 5-ethoxymethylfurfural (EMF), a viable liquid biofuel, from fructose, sucrose, and inulin. An EMF yield of 65% can be obtained from fructose within 30min at 130°C in ethanol under microwave heating. The introduction...

From its inception, the Hemy A. Wallace Institute for Alternative Agriculture has regarded soil quality as a central issue related to the sustainability of agriculture. Current, reinvigorated research that focuses on both private and social benefits of soil quality now provides the seeds for a...

The purpose of this paper to provide added insight into clustering as it pertains to the United States organic sector. I identify clusters of United States certified organic operations by showing how a formal definition of spatial clusters can emerge from an estimated model that accounts for...

This article embeds a principal-agent model within a market equilibrium model of contract and cash markets to analyze the impact of contracting on the spot market for hogs. The equilibrium model incorporates both quality differentiation in the contract market and an endogenously determined cash...