Self-propelled autonomous devices have great significance in energy, environment, and biomedical engineering, and thus vast achievements have been made in recent years. However, conventional propulsion often requires special chemicals or external energy, which restricts their practical...

This article presents a trade based theory of casino taxation along with empirical evidence found from Macao as a typical tourism resort. We prove that there is aunique optimum gaming tax in a particular market for casino gambling, argue that any change in this tax is engendered by external...

This paper uses a Markov switching model (MSM) to decompose Macao’s tourism cycle into high and low growth states (HGS, LGS) for the period of 2005Q2–2017Q2. The likelihood of the cycle maintaining HGS is 93% but the risk of staying in LGS is 80%. The Macao cycle is favorably asymmetric,...

This paper studies the welfare impact of a gaming tax in a two-sector, trade base equilibrium model. Its partial-equilibrium part examines tax divisions between market participants and the impact of this divisiveness on the relative price of gaming. The general-equilibrium part analyzes the...

Local economic growth can be spurred by casino tourism, yet this may take place at the expense of the external regions where tourists live. We show that Pigouvian taxes should be imposed on gambling activity to attenuate its external cost. The tax may boost social welfare in the local and...

This work deals with the weighted excesses of players in cooperative games which are obtained by summing up all the weighted excesses of all coalitions to which they belong. We first show that lexicographically minimizing the individual weighted excesses of players gives the same minimal...

In this paper, we introduce a new approach to measure the dissatisfaction for coalitions of players in cooperative transferable utility games. This is done by considering affine (and convex) combinations of the classical excess and the proportional excess. Based on this so-called alpha-excess,...

This study investigates an under-researched complex communicative act called “cancellation of an obligation”, produced by Chinese, Danish and British business professionals in both L1 and ELF contexts. It is embedded in an implicitly meta-interactional context consisting of a speaker’s...

In this paper, we introduce a new approach to measure the dissatisfaction for coalitions of players in cooperative transferable utility games. This is done by considering affine (and convex) combinations of the classical excess and the proportional excess. Based on this so-called alpha-excess,...