Statistical Theories and Methods with Applications to Economics and Business highlights recent advances in statistical theory and methods that benefit econometric practice. It deals with exploratory data analysis, a prerequisite to statistical modelling and part of data mining. It provides...

As a special commodity, gold possesses multiple features: as commodity, currency and hedging instrument. Its currency and hedging features are well manifested during the first stage of this financial crisis since 2007. However, the hedging feature of gold was hardly discussed before. The above...

In this paper, we derive a structural relationship between the gold price and the U.S. TIPS (Treasury Inflation-Protected Securities) yields under the fact that both the gold and the U.S. dollar are international currency anchors. The relationship can be interpreted as defining the fair value...

With the rapid growth of the sharing economy, on-demand staffing platforms have emerged to help companies manage their temporary workforce. In this paper, we study how to maximize and distribute the benefits of an on-demand workforce in this new business context. We consider an on-demand...

Problem Definition: To manage supplier social responsibility (SR), some firms have adopted a self-assessment strategy whereby they ask suppliers to self-report SR capabilities. Self-reported information is difficult to verify and this leads to an important credibility question: can a buyer...

Problem Definition: We examine the impact of a selling firm's inventory decision in a model where the firm engages in consumer profiling and targeted pricing and consumers decide whether to hide their identity. Consumers who do not hide will be notified by an advertising email early in the...

What would the world have been if nuclear weapons have never been developed? Asked by Kenneth Waltz, this question leads us to think about the usage of counterfactuals in IR. Though we use a lot of counterfactuals in daily conversation, the method of counterfactual analysis did not get much...

In this paper, gold is investigated as a super- sovereign zero- coupon bond. A structural relationship between the gold and the observed yields on long maturity inflation indexed bonds is derived under the assumption that the gold price reflects the long run inflation level. This relationship...