This paper identifies a critical issue in the Weighted Repeated Sales (WRS) method - the omission of market risk in the weight estimation model specified by Case and Shiller (1989). It demonstrates that the omission of market risk is conceptually unjustified. Through extensive examination of the...

This dissertation consists of three essays, the first two on the foreign exchange market and the third on credit markets. Chapter 2 examines empirically the exchange rate–interest differential relationship in a co-integration framework. We test and estimate an error correction model (ECM) for...

Purpose: Growing up in the technology era and heavily invested in longer full-time education, the millennial workforce holds unique characteristics that may influence important job outcomes. Building on the recent research on workforce generations, this paper aims to investigate not only the...

This paper considers joint analysis of current status and marker data using a threshold model based on first hitting times. A failure time is defined as the time at which a subject's latent health status process first decreases to zero. We extend the bivariate Wiener process model in Whitmore et...

Variable selection is an important issue in all regression analyses, and in this paper we discuss this in the context of regression analysis of panel count data. Panel count data often occur in long-term studies that concern occurrence rate of a recurrent event, and their analysis has recently...

In this short note the first open problem in Zhang [Zhang, Z.M., 2007. A note on extreme magnitudes of characteristic functions. Statist. Probab. Lett. 77, 1641-1643] is completely solved.

This paper presents an experimental study of the alcohols–gasoline and gasoline–alcohols dual-fuel spark ignition (DFSI) combustion for knock suppression and higher engine efficiency using a gasoline engine with high compression ratio. Alcohols–gasoline DFSI is organized using a port fuel...

We make a first step in the literature to analyse a hybrid model of credit rationing with simultaneous presence of adverse selection and moral hazard. Motivated by the observation that credit markets in less-developed countries are rather opaque owing to the lack of necessary institutions to...

Based on intensive interviews and in-depth investigations in the Pearl River Delta, this Article explores the extent to which Chinese courts of the region are effective and efficient in enforcing commercial judgments, a matter critically important to the functioning of the judicial system and...