Pricing Factors in Real Estate Markets: A Simple Preference Based Approach

Conventional wisdom tells us that the price level of properties should be supported by the rent they receive. This paper examines the pricing factors of properties by analyzing how individuals allocate their income to housing consumption and other goods, which in turn become the rent (or implicit rent) to support property values. Our model’s results can explain several puzzling observations in property markets, including why the variance of property appreciation rates is much higher than that of income growth rates in the same area.Preference-based model, pricing factors, property appreciation, property markets

A Rational Explanation for Boom-and-Bust Price Patterns in Real Estate Markets

This paper develops a stylized model to provide a rational explanation for the boom-and-bust price movement pattern that we frequently observe in the real world. Our stylized model indicates that there are three conditions to form a boom-and-bust price pattern in a community: a move-in of high income residents, wide income gap between new and existing residents, and supply process that leads to an inventory buildup. It seems that, based on these three conditions, China is more likely to experience a boom-and-bust price movement pattern than a developed country with a more mature and less vibrant economy.Real Estate Cycles; Boom-and-Bust; Supply Decision; Moving Costs

FACTORS THAT INFLUENCE SUSCEPTIBILITY TO ISCHEMIC DAMAGE AND POTENTIAL TREATMENT FOR ACUTE STROKE

Ph.DDOCTOR OF PHILOSOPH

A laboratory simulation of in situ leachate treatment in semi-aerobic bioreactor landfill

In this study, two laboratory-scale simulated landfill bioreactors were established, of which Reactor A was operated only with leachate recirculation and served as the control, and Reactor B was operated as semi-aerobic bioreactor landfill with leachate recirculation. In situ leachate treatment and accelerating organic decomposition in semi-aerobic bioreactor landfill was investigated. The results indicated that the introduction of air into the landfill was favourable for optimising the micro-organism growth environment and accelerating the degradation of organic matter. It can be seen clearly from the results that NH4+-N can be removed in situ in the semi-aerobic bioreactor landfill with leachate recirculation. Moreover, semi-aerobic bioreactor landfill showed lower emissions for leachate than those in leachate from anaerobic landfill, with low concentrations of COD, VFA, NHH4+-N and TKN, and which saved the disposing process of the discharged leachate. The three-dimensional excitation-emission matrix fluorescence spectroscopy (EEMs) of dissolved organic matter (DOM) in Reactor B changed greatly, and fluorescence peak changed from protein-like fluorescence at Day 60 to humic-like fluorescence at Day 95 and 250, while in Reactor A, fluorescence peak of DOM was always protein-like fluorescence. The comparison of the EEMs indicated that the semi-aerobic landfill accelerated the organic decomposition.Keywords: semi-aerobic landfill, bioreactor landfill, three-dimensional excitation-emission matrix fluorescence spectroscopy (EEMs), in situ leachate treatmen

The Occurrence and Speed of CMEs Related to Two Characteristic Evolution Patterns of Helicity Injection in Their Solar Source Regions

Long-term (a few days) variation of magnetic helicity injection was calculated for 28 solar active regions which produced 47 CMEs to find its relationships with the CME occurrence and speed using SOHO/MDI line-of-sight magnetograms. As a result, we found that the 47 CMEs can be categorized into two different groups by two characteristic evolution patterns of helicity injection in their source active regions which appeared for about 0.5-4.5 days before their occurrence: (1) a monotonically increasing pattern with one sign of helicity (Group A; 30 CMEs in 23 active regions) and (2) a pattern of significant helicity injection followed by its sign reversal (Group B; 17 CMEs in 5 active regions). We also found that CME speed has a correlation with average helicity injection rate with linear correlation coefficients of 0.85 and 0.63 for Group A and Group B, respectively. In addition, these two CME groups show different characteristics as follows: (1) the average CME speed of Group B (1330km/s) is much faster than that of Group A (870km/s), (2) the CMEs in Group A tend to be single events, whereas those in Group B mainly consist of successive events, and (3) flares related to the CMEs in Group B are relatively more energetic and impulsive than those in Group A. Our findings therefore suggest that the two CME groups have different pre-CME conditions in their source active regions and different CME characteristics.Comment: 25 pages, 7 figures, accepted for publication in Ap

Synthesis and Characterization of Metal Hydride/Carbon Aerogel Composites for Hydrogen Storage

Two materials currently of interest for onboard lightweight hydrogen storage applications are sodium aluminum hydride (NaAlH4), a complex metal hydride, and carbon aerogels (CAs), a light porous material connected by several spherical nanoparticles. The objectives of the present work have been to investigate the synthesis, characterization, and hydrogenation behavior of Pd-, Ti- or Fe-doped CAs, NaAlH4, and MgH2 nanocomposites. The diameters of Pd nanoparticles onto CA’s surface and BET surface area of CAs were 3–10 nm and 700–900 m2g−1, respectively. The H2 storage capacity of metal hydrides has been studied using high-pressure TGA microbalance and they were 4.0, 2.7, 2.1, and 1.2 wt% for MgH2-FeTi-CAs, MgH2-FeTi, CAs-Pd, and 8 mol% Ti-doped NaAlH4, respectively, at room temperature. Carbon aerogels with higher surface area and mesoporous structures facilitated hydrogen diffusion and adsorption, which accounted for its extraordinary hydrogen storage phenomenon. The hydrogen adsorption abilities of CAs notably increased after inclusion of metal hydrides by the “hydrogen spillover” mechanisms

“Zipped Synthesis” by Cross-Metathesis Provides a Cystathionine β‑Synthase Inhibitor that Attenuates Cellular H\u3csub\u3e2\u3c/sub\u3eS Levels and Reduces Neuronal Infarction in a Rat Ischemic Stroke Model

The gaseous neuromodulator H2S is associated with neuronal cell death pursuant to cerebral ischemia. As cystathionine β-synthase (CBS) is the primary mediator of H2S biogenesis in the brain, it has emerged as a potential target for the treatment of stroke. Herein, a “zipped” approach by alkene cross-metathesis into CBS inhibitor candidate synthesis is demonstrated. The inhibitors are modeled after the pseudo-C2-symmetric CBS product (L,L)-cystathionine. The “zipped” concept means only half of the inhibitor needs be constructed; the two halves are then fused by olefin cross-metathesis. Inhibitor design is also mechanism-based, exploiting the favorable kinetics associated with hydrazine-imine interchange as opposed to the usual imine−imine interchange. It is demonstrated that the most potent “zipped” inhibitor 6S reduces H2S production in SHSY5Y cells overexpressing CBS, thereby reducing cell death. Most importantly, CBS inhibitor 6S dramatically reduces infarct volume (1 h post-stroke treatment; ∼70% reduction) in a rat transient middle cerebral artery occlusion model for ischemia. Supplementary information (112 pp.) is attached (below)

“Zipped Synthesis” by Cross-Metathesis Provides a Cystathionine β‑Synthase Inhibitor that Attenuates Cellular H\u3csub\u3e2\u3c/sub\u3eS Levels and Reduces Neuronal Infarction in a Rat Ischemic Stroke Model

The gaseous neuromodulator H2S is associated with neuronal cell death pursuant to cerebral ischemia. As cystathionine β-synthase (CBS) is the primary mediator of H2S biogenesis in the brain, it has emerged as a potential target for the treatment of stroke. Herein, a “zipped” approach by alkene cross-metathesis into CBS inhibitor candidate synthesis is demonstrated. The inhibitors are modeled after the pseudo-C2-symmetric CBS product (L,L)-cystathionine. The “zipped” concept means only half of the inhibitor needs be constructed; the two halves are then fused by olefin cross-metathesis. Inhibitor design is also mechanism-based, exploiting the favorable kinetics associated with hydrazine-imine interchange as opposed to the usual imine−imine interchange. It is demonstrated that the most potent “zipped” inhibitor 6S reduces H2S production in SHSY5Y cells overexpressing CBS, thereby reducing cell death. Most importantly, CBS inhibitor 6S dramatically reduces infarct volume (1 h post-stroke treatment; ∼70% reduction) in a rat transient middle cerebral artery occlusion model for ischemia. Supplementary information (112 pp.) is attached (below)

Promoting neuro-supportive properties of astrocytes with epidermal growth factor hydrogels

Biomaterials provide novel platforms to deliver stem cell and growth factor therapies for central nervous system (CNS) repair. The majority of these approaches have focused on the promotion of neural progenitor cells and neurogenesis. However, it is now increasingly recognized that glial responses are critical for recovery in the entire neurovascular unit. In this study, we investigated the cellular effects of epidermal growth factor (EGF) containing hydrogels on primary astrocyte cultures. Both EGF alone and EGF‐hydrogel equally promoted astrocyte proliferation, but EGF‐hydrogels further enhanced astrocyte activation, as evidenced by a significantly elevated Glial fibrillary acidic protein (GFAP) gene expression. Thereafter, conditioned media from astrocytes activated by EGF‐hydrogel protected neurons against injury and promoted synaptic plasticity after oxygen–glucose deprivation. Taken together, these findings suggest that EGF‐hydrogels can shift astrocytes into neuro‐supportive phenotypes. Consistent with this idea, quantitative‐polymerase chain reaction (qPCR) demonstrated that EGF‐hydrogels shifted astrocytes in part by downregulating potentially negative A1‐like genes (Fbln5 and Rt1‐S3) and upregulating potentially beneficial A2‐like genes (Clcf1, Tgm1, and Ptgs2). Further studies are warranted to explore the idea of using biomaterials to modify astrocyte behavior and thus indirectly augment neuroprotection and neuroplasticity in the context of stem cell and growth factor therapies for the CNS. Stem Cells Translational Medicine 2019 Biomaterials provide novel platforms to deliver stem cell and growth factor therapies for central nervous system repair. Our data suggest that epidermal growth factor‐containing hydrogels can shift astrocytes into potentially beneficial A2‐like phenotypes that may augment neuroprotection and neuroplasticity during the recovery phase after brain injury

The Yuan-Tseh Lee Array for Microwave Background Anisotropy

The Yuan-Tseh Lee Array for Microwave Background Anisotropy (AMiBA) is the first interferometer dedicated to studying the cosmic microwave background (CMB) radiation at 3mm wavelength. The choice of 3mm was made to minimize the contributions from foreground synchrotron radiation and Galactic dust emission. The initial configuration of seven 0.6m telescopes mounted on a 6-m hexapod platform was dedicated in October 2006 on Mauna Loa, Hawaii. Scientific operations began with the detection of a number of clusters of galaxies via the thermal Sunyaev-Zel'dovich effect. We compare our data with Subaru weak lensing data in order to study the structure of dark matter. We also compare our data with X-ray data in order to derive the Hubble constant.Comment: accepted for publication in ApJ (13 pages, 7 figures); a version with high resolution figures available at http://www.asiaa.sinica.edu.tw/~keiichi/upfiles/AMiBA7/pho_highreso.pd