The circulation pump in an organic Rankine cycle (ORC) increases the pressure of the liquid working fluid from low condensing pressure to high evaporating pressure, and the expander utilizes the pressure difference to generate work. A portion of the expander output power is used to offset the...

In this paper theoretical and empirical models of intra-industry trade are developed in which economic activities, based on measurement and an associated measurement infrastructure, play a role in creating product variety. The paper discusses how the measurement infrastructure which includes...

In the controlled ovarian hyperstimulation (COH) treatment, clinicians monitor the patients’ physiological responses to gonadotropin administration to tradeoff between pregnancy probability and ovarian hyperstimulation syndrome (OHSS). We formulate the dosage control problem in the COH...

We investigate the relationship between corporate social performance and institutional ownership. We distinguish between long-term and short-term institutional investors using holdings-based measures which directly capture the investment horizon of each institution. Our analysis shows that long...

We explore the effectiveness of an anti-corruption mechanism that combines the top-down institutions and the bottom-up monitoring from the masses. Based on a repeated stranger matching harassment bribe game, we introduce the interventions of the group monitoring and the endogenous crackdown....

Since the Great Depression in 1929, economists have never stopped soul-searching for the lessons to be drawn from the crisis. But mainstream reflections have been misguided, confined to stereotypical targets of blame such as “lax regulation,” “policy mistakes” and “underestimation of...