In the context of a three-moment intertemporal capital asset pricing model specification, we characterize conditional coskewness between stock and bond excess returns using a bivariate regime-switching model. We find that both conditional U.S. stock coskewness (the relation between stock return...

Since in the feature space the eigenvector is a linear combination of all the samples from the training sample set, the computational efficiency of KPCA-based feature extraction falls as the training sample set grows. In this paper, we propose a novel KPCA-based feature extraction method that...

Cellulose, as an energy substance with tremendous resources, is reproducible and is a breakthrough point for the research of renewable energy. It is urgent and necessary to realize the conversion of cellulose with high efficiency under the mild condition. Ru immobilized on CNTs (Ru/CNTs)...

A thermodynamic analysis of the oxidative steam reforming of glycerol (OSRG) for hydrogen production has been carried out with Aspen plus TM. The reaction was investigated at ambient pressure within the carbon-to-oxygen (C/O) ratio of 0.5–3.0, steam-to-carbon (S/C) ratio of 0.5–8.0 and...

We introduce the nonatomic supermodular game, where no playerʼs action has any discernible impact on other playersʼ payoffs and yet strategic complementarities prevail among all playersʼ types and actions. For both semi-anonymous and anonymous games, we show that monotone equilibria form...

This study investigates the impact of the bank–firm relationship on IPO underpricing in China, an emerging economy with a bank-dominated financial system. Utilizing a hand-collected loan data for 902 Chinese IPO firms from 2004 to 2011, we document that the bank–firm relationship reduces the...

A genome-wide association study (GWAS) of educational attainment was conducted in a discovery sample of 101,069 individuals and a replication sample of 25,490. Three independent single-nucleotide polymorphisms (SNPs) are genome-wide significant (rs9320913, rs11584700, rs4851266), and all three...

Centrality is a fundamental measure in network analysis. Specifically, centrality of a path describes the importance of the path with respect to the remaining part of the network. In this paper, we propose a tunable path centrality (TPC) measure, which quantifies the centrality of a path by...