The efficient market hypothesis states that an efficient market immediately incorporates all available information into the price of the traded entity. It is well established that the stock market is not an efficient market as it consists of numerous traders with differing strategies and interpretations of information. However there is substantial evidence to suggest that the stock market does ...

Supermarkets and hypermarkets already dominate the markets of some larger cities, and their continued expansion from major cities into smaller cities is expected to further drive competition in the grocery retail sector. Of the various retail channels, hypermarkets are expected to have the most growth potential in the Chinese market and are benefitting from consumer trends toward convenience an...

Most skills acquired through on-the-job training may be specific to an occupation and therefore transferable to some but not all firms. However, economists have typically focused on skills that are either specific to a given firm or skills that are completely general. This paper explores the relationship between the size of the local market for an occupation-specific skill and job-training outc...

The separation of pure polyolefins, polyethylene (PE) and polypropylene (PP), from post-consumer plastic waste is of increasing interest in the last years according to market requirements for their further recycling. In this paper new analytical inspection strategies, based on HyperSpectral Imaging (HSI) in the VIS-NIR and NIR fields (400-1000 and 1000-1700 nm, respectively), have been investig...

In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a ‡exible program which integrates the existing land…ll strategy with recycling, keeping the option to sw...

The battery industry is the largest consumer of lead, using an estimated 80% of the global lead production. The industry is also rapidly expanding in emerging market countries. A review of published literature on exposures from lead-acid battery manufacturing and recycling plants in developing countries was conducted. The review included studies from 37 countries published from 1993 to 2010 and...

TheUScarpet industry is striving to reach a 40%diversion rate from landfills by 2012, according to amemorandum of understanding signed by industry and government officials in 2002. As a result, they are interested in methods of setting up a reverse logistics (RL) system which will allow them to manage the highly variable return flows. In this paper, we simulate such a carpet RL supply chain and...

A thin market is a market with few buying or selling offers. The concept of market thinness, while general, is typically used in the context of financial markets. When the number of buying or selling offers is small, investors' trading positions are large relative to market size. Trading then requires price concessions and thus exerts an impact on prices. A thin market is characterized by low t...