Research which explores unchartered waters has a high potential for major impact but also carries a higher uncertainty of having impact. Such explorative research is often described as taking a novel approach. This study examines the complex relationship between pursuing a novel approach and...

This article imports a behavioural perspective into a team context to study the effort-coordination problem among agents. Specifically, we investigate how the presence of optimism bias impacts the severity of the free-rider problem, the organizational structure of the team and the compensation...

Power-law scaling behaviors of the real forest fires and weather parameters are analyzed by means of the detrended fluctuation analysis (DFA) method. It is found that the fire area series behave persistent long-range power-law correlations, with the scaling exponent 0.67, in the timescale larger...

By using lower bound conditions of the Lévy measure w.r.t. a nice reference measure, the coupling and strong Feller properties are investigated for the Markov semigroup associated with a class of linear SDEs driven by (non-cylindrical) Lévy processes on a Banach space. Unlike in the...

This study examines individual commodity futures price reaction to large one day price changes, or "shocks". The mean-adjusted abnormal return model suggests that investors in 6 of the 18 commodity futures, examined in this study, either underreact or overreact to positive surprises. It also...

Baiyun Karst Caverns in Lincheng County, Hebei Province, is a rare karst caverns in subhumid climate region of the north. It was developed in carbonatite strata, particularly in Zhangxia formation of the Middle Cambrain series. Erosion-corrosion landscape and chemical deposition landscape are...

We investigate the effects of predictable changes in TFP at the sectoral level. Our findings can reconcile the seemingly contradictory findings in the literature. Shocks to predictable changes in investment-sector TFP are also found important for US business cycle fluctuations.