This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's...

This paper investigates the association between real estate demand and the volatility of population changes. In a financial liberalized housing market, the housing mortgage loan implies insurance function to homeowners through the default option. Larger expected volatilities in the population...

This paper used an estimated mixed multinomial logit model of household housing demand to examine the impact of four housing market-related policies on a stated preference survey sample. The estimated demand probability function suggested that household choice behaviour does show huge...

The present research presents an extended evacuation field model for simulating crowd emergency evacuation processes under the control of evacuation assistants. Furthermore, a communication field for describing the escape information transmission process and its effect on evacuees is introduced....

In the dynamic floor field model, the bosons are homogeneous. This causes a problem that the pedestrians are confused by their own traces. The model has been modified by the heterogeneous bosons. Compared with the dynamic floor field model based on the homogeneous bosons, the modified model...

The game-theoretic approach is an essential tool in the research of conflicts of human behaviors. The aim of this study is to research crowd dynamic conflicts during evacuation processes. By combining a conflict game with a Cellular Automata model, the following factors such as rationality,...

China's current segmented pension system features regional imbalance, fiscal inefficiency, social inequality and economic unsustainability. It is a result of three-decade evolution guided by vague long-term objectives, constrained by economic and political circumstances and swayed by...

Using a macro-econometric model that is specified for the current Chinese economy, we investigate the performance of monetary policy in China with the assumption (which anyway will occur in the near future) that capital market was opened. Our purpose is to find how the monetary authority should...

Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing...

We develop a Markov Chain Monte Carlo (MCMC) algorithm for estimating nested logit models in a Bayesian framework. Appropriate "heating target" and reparameterization techniques are adopted for fast mixing. For illustrative purposes, we have implemented the algorithm on two real-life examples...