The authors examine the returns of stocks in the Cowles Industrial Index before and after the introduction of personal income taxes in 1917. This is distinct from earlier studies because they cross-sectionally analyze the relationship between the returns of the individual stocks and measures of...

In OLS regression studies of changes in Treasury Hill (TB) rates on anticipated money, investigators have found negative coefficients on anticipated money, basically over the period 1977-1982, which is inconsistent with the market efficiency hypothesis. Using a time-varying Bayesian regression...

Industrial and product design involves a lot of unstructured information for the generation of innovative product design ideas. However, the generation of innovative design concepts is not only time consuming but also heavily relies on the experience of product designers. Most existing systems...