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An increase in the cost of selling short should increase the bearish information content of short interest announcements by driving relatively uninformed short sellers out of the market. We extend the Diamond and Verrecchia (1987) model to include short selling against the box and test the...
Persistent link: https://www.econbiz.de/10005728291
We study the effect of tariffs in a one-sector small open economy that imports oil. We find that (1) the model may exhibit local indeterminacy and sunspots when tariff rates are endogenously determined by a balanced-budget rule with a constant level of government expenditures (or lump-sum...
Persistent link: https://www.econbiz.de/10005789748
Purpose In the domain of information science, affordance is a relatively new concept that deserves further exploration. It may serve as a bridge to narrow the research-practice gap that has persisted in information studies. Building upon previous research, we call for a broader concept of...
Persistent link: https://www.econbiz.de/10014855137
Purpose This study aims to introduce the DoraHand, and the basic capability and performance have been verified in this paper. Besides the idea of sharing modular design and sensor design, the authors want to deliver an affordable and practical dexterous hand to the research area to contribute to...
Persistent link: https://www.econbiz.de/10014836123
Persistent link: https://www.econbiz.de/10010062790
In this paper, experimental design techniques are utilized to understand sources of variation in an optical fiber sensor design and development project in a university research setting. Application of the Taguchi method of robust design assisted fiber optic sensor development in a...
Persistent link: https://www.econbiz.de/10014796454
This article examines the aggregate effects of neoclassical sentencing reforms on three often contested outcomes of these reforms. The rate of new court commitments, the average length of time inmates serve, and prison population rates across the fifty U.S. states and the District of Columbia...
Persistent link: https://www.econbiz.de/10008861130
This study focused on the reasons why adolescents bring guns to schools. It is argued that the etiology for carrying other weapons to school is not the same as that for carrying a gun to school for protection. Data from a nationally representative sample of school youth were analyzed with an...
Persistent link: https://www.econbiz.de/10008861320
We find a negative cross-sectional relation between heterogeneous beliefs and future stock returns in China, where short sale is prohibited in our sample period. Compared to other empirical works, which often be done in a market without short sale prohibition, we obtain this strong negative...
Persistent link: https://www.econbiz.de/10010891703
The rural fundamental and productive fixed-asset investment not only makes active influence on the changes of farmers’ operational, wages and property income, but it also has an optimal scale range for farmers’ income increase. From the perspective of farmers’ income...
Persistent link: https://www.econbiz.de/10011143421