This paper examines the one-dollar auction game ruling out escalation. The aim of the paper is to understand if players’ expectations about competitors’ moves are strong enough to induce at least one player to bid more than the auctioned euro. Any other bid represents an expected loss for...

As the introduction of financial transaction taxes is increasingly discussed by political leaders we explore possible consequences such taxes could have on markets. Here we examine how “stylized facts”, namely fat tails and volatility clustering, are affected by different tax regimes in...

Bubbles in asset markets have been documented in numerous experiments. Most experiments in which bubbles occur feature a declining fundamental value. This feature has been criticized for being atypical of real financial markets. Here, we experimentally study other ingredients for bubble...

In this study, a beta-type 300-W Stirling engine is developed and tested, and a non-ideal adiabatic model is built and applied to predict performance of the engine. Engine torque, engine speed and shaft power output are measured under various operating conditions. The experiments are conducted...

This paper presents experimental studies on a solar-assisted ground coupled heat pump (SAGCHP) system for space heating. The system was installed at the Hebei Academy of Sciences in Shijiazhuang (lat. N38°03′, long. E114°26′), China. Solar collectors are in series connection with the...

The long-term thermal storage by absorption process studied in this paper is devoted to building heating. A demonstrative prototype that can store 8 kWh of heat and produce a heating power of 1 kW has been designed and built. It has been tested in static and dynamic operating conditions, which...

This paper describes the thermodynamic analyses of a DAR (diffusion absorption refrigeration) cycle. The experimental apparatus is set up to an ammonia–water DAR cycle with helium as the auxiliary inert gas. A thermodynamic model including mass, energy and exergy balance equations are...

In this study, heating and cooling performances of counter-flow Ranque–Hilsch vortex tubes (RHVT) were experimentally investigated and modeled with a RBMTF (Rule-Based Mamdani-Type Fuzzy) modeling technique. Input parameters (ξ, L/D) and output parameters ΔTh, ΔTc were described by RBMTF...