Analyzing comovements in equity markets is important for risk diversification in portfolio management. Copulas have several advantages compared to the linear correlation measure in modeling comovement. This paper introduces a copula ARMA-GARCH model for analyzing the comovement of indexes in...

We exploit panel data and large, abrupt, and unusual dislocations of Indonesian workers in the wake of the Asian Financial Crisis to investigate the robustness and persistence of inter-industry wage differentials (IWDs). Unobserved worker characteristics explain 36% of IWDs. IWDs persist through...

Accurate power generation forecasting provides the basis of decision making for electric power industry development plans, energy conservation and environmental protection. Since the power generation time series are rarely purely linear or nonlinear, no single forecasting model can identify the...

Major transmission projects are needed to integrate and to deliver renewable energy (RE) resources. Cost recovery is a serious impediment to transmission investment. A negotiation methodology is developed in this study to guide transmission investment for RE integration. Built on Nash bargaining...

A market-maker-based prediction market lets forecasters aggregate information by editing a consensus probability distribution either directly or by trading securities that pay off contingent on an event of interest. Combinatorial prediction markets allow trading on any event that can be...

In DAE (DNA after enrichment)-seq experiments, genomic regions related with certain biological processes are enriched/isolated by an assay and are then sequenced on a high-throughput sequencing platform to determine their genomic positions. Statistical analysis of DAE-seq data aims to detect...

PV-Trombe wall (PVTW) is a novel version of Trombe-wall. Photovoltaic cells on the cover glazing of the PVTW can convert solar radiation into electricity and heat simultaneously. A window on the south façade can also introduce solar heat into the room in the winter season. Experiment has been...