How does globalization affect the income gaps between the rich and the poor? This paper presents a new piece of empirical evidence showing that access to the global market, either through exporting or through multinational production, is associated with a higher executive-to-worker pay ratio...

Randomness and regularities in Finance are usually treated in probabilistic terms. In this paper, we develop a completely different approach in using a non-probabilistic framework based on the algorithmic information theory initially developed by Kolmogorov (1965). We present some elements of...

Pipelines play an important role in the modern society. Failures of pipelines can have great impacts on economy, environment and community. Preventive maintenance (PM) is often conducted to improve the reliability of pipelines. Modern asset management practice requires accurate predictability of...

China has long been the world's most populous nation and faced the double challenge of ensuring its food security without causing catastrophic damage to the environment. Since the early 1960s, Chinese agricultural development has been premised on large domestic increases in nitrogen (N)...

We survey the main applications of algorithmic (Kolmogorov) complexity to the problem of price dynamics in financial markets. We stress the differences between these works and put forward a general algorithmic framework in order to highlight its potential for financial data analysis. This...

In this paper, thermodynamic calculations of nozzle governing stage are taken based on APROS (Advanced Process Simulation), and verify through the comparison of experiment table data. The influence of partial admission on pressure ratio within the governing stage is also analyzed. The results...