A Run-Down of Merger Target Run-Ups

The Role of Owned Ideas in Stock Market Run-ups∗

During the late 1990s the market value of businesses grew at 15% per year. It is hard to reconcile such fast growth with the observed rates of investment in physical capital and R&D. We therefore propose a model in which new ideas are privately owned, but discovering them does not require resources. In our model it is possible that market value rises very rapidly without drastic changes in fact...

Mixing efficiency in a run-down gravity current

We present measurements of mixing efficiency in a run-down gravity current created by lock exchange in a channel. Experiments were designed to extend to particularly high Reynolds number (of order 10, based on the current depth), at which mixing is no longer affected significantly by viscosity. Under these conditions, we observe that the run-down density profiles in the channel achieve full sel...

Run-to-Run Control in Semiconductor Manufacturing

Run-to-run Optimization via Constraint Control

Run-to-run optimization methodologies exploit the repetitive nature of batch processes to find the optimal operating policy in the presence of uncertainty. For the class of batch optimization problems where the solution is determined by terminal constraints, the update of the decision variables towards their optimal values is realized using a constraint control scheme. The methodology is adapte...

Long-Run and Short-Run Causality between Stock Price and Gold Price: Evidence of VECM Analysis from India

The prime objective of the study is to identify the long-run and short-run relationship between Indian stock price viz., BSE SENSEX (hereafter named as BSE) and gold price (GOLD) in India. The daily closing price data were collected for the period of ten years ranging from 1st April 2004 to 31st March 2014 with 2490 observations. The study employed two models: Model one us...