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The purpose of this paper is to detect the existence of price bubbles and examine the possible contributing factors that associate with price bubble occurrences in China agricultural commodity markets.

Using recently developed rolling window right-side augmented Dickey–Fuller test, we first detect the dates of price bubbles in China's two important agricultural commodity markets, namely corn and soybeans. Then, we use a penalized maximum likelihood estimation of a multinomial logistic model to estimate the contributing factors of price bubbles in both markets, respectively.

Results from the bubble detection indicate that price bubbles account for 5.48% (3.91%) of the studied periods for corn (soybeans). More importantly, we find that market liquidity and speculation have opposite effects on the occurrences of bubbles in the corn and soybeans market. World stocks-to-use and exchange rates affect the occurrences of bubbles in a different way for each commodity, as well. Price bubbles are more likely associated with strong economic activity, high interest rates and low inflation levels.

This is the first study considering commodity-specific features into the formation of price bubbles. Through accurately identifying the bubble dates and fixing the estimation bias of rare events models, this study enables us to obtain robust results for each commodity. The results imply that China's corn and soybeans market respond differently to the speculative activity and external shocks from international markets. Therefore, future policy regulations on commodity markets should focus on more commodity-specific factors when aiming at avoiding bubble occurrences.

Studies on developed economies showed that imposing taxes on animal-based foods could effectively reduce agricultural greenhouse gas emissions (AGHGEs), while this taxation may not be appropriate in developing countries due to the complex nutritional status across income classes. Hence, this study aims to explore optimal tax rate levels considering both emission reduction and nutrient intake, and examine the heterogenous effects of taxation across various income classes in urban and rural China.

The authors estimated the Quadratic Almost Ideal Demand System model to calculate the price elasticities for eight food groups, and performed three simulations to explore the relative optimal tax regions via the relationships between effective animal protein intake loss and AGHGE reduction by taxes.

The results showed that the optimal tax rate bands can be found, depending on the reference levels of animal protein intake. Designing taxes on beef, mutton and pork could be a preliminary option for reducing AGHGEs in China, but subsidy policy should be designed for low-income populations at the same time. Generally, urban residents have more potential to reduce AGHGEs than rural residents, and higher income classes reduce more AGHGEs than lower income classes.

This study fills the gap in the literature by developing the methods to design taxes on animal-based foods from the perspectives of both nutrient intake and emission reduction. This methodology can also be applied to analyze food taxes and GHGE issues in other developing countries.

Given the fact that the income disparity has become extremely severe in rural China, the purpose of this paper is to examine heterogeneity in food consumption among various income classes and to investigate the impact of changes in income distribution patterns on food demand in rural China.

In this study, the authors partition the households into five income classes according to the distribution of household per capita net income. Using household data drawn from the China Health and Nutrition Survey in 2011, a two-stage demand model is applied to estimate a food demand system for each of the income classes. After obtaining the estimated income elasticities of eight studied food groups for each income class, the authors then examine the responsiveness of food demand to the changes in income distribution by means of four scenarios with varying income distribution.

The empirical results indicate that substantial differences in food consumption exist across various income classes. Specifically, the lowest-income households are more sensitive to price and income changes for most studied food groups than the highest-income households are. In general, income responsiveness is higher for meats, aquatic products and dairy products. Based on estimated income elasticities, the projected food consumption under different income distribution patterns shows that changes in income distribution have significant influences on food consumption. In addition, the authors conclude that a more equal distribution of income would be associated with a higher demand for food in rural China.

This paper employs a two-stage demand model to estimate food demand in rural China by income classes. The results imply substantial differences in food demand for various income classes. Therefore, income distribution should be taken into account instead of an average estimation for the population as a whole when investigating food demand in rural China. Given the significant changes in income distribution in rural China, this study provides several important policy implications to alleviate income inequality and poverty, as well as to improve nutrition for lower-income classes.

We performed a bibiometric analysis on urbanization research based on the 3,058 peer-reviewed articles in the SCI and SSCI database from 1984 to 2013. Our analysis revealed document types, scientific outputs, subject categories, major journals and major authors, geographic distribution, highly cited papers and citation networks and temporal trends in keywords burst. Growth of article output has emerged since 1990, and went through two development stages. Environmental sciences, urban studies and ecology came out the most urbanization articles and Landscape and Urban Planning was the most productive journal in urbanization studies. Tothmeresz B was the most prolific author. USA was the most productive country, but Chinese Academy of Sciences was the most high-producing institution. Three streams were identified among the 65 most cited articles in the LCS historiography, and Schueler’s (1994) article has the strongest bursts. A keyword analysis revealed that the “China”, “city” and “globalization” are the research hotspots in the future.

Sensorless interior permanent magnet in-wheel motor (IPMIWM), as an exemplar of modular automation system, has attracted considerable interests in recent years. This paper aims to investigate a novel hybrid control approach for the sensorless IPMIWM from a cyber-physical systems (CPS) perspective.

The control approach is presented based on the hybrid dynamical theory. In the standstill-low (S-L) speed, the rotor position/speed signal is estimated by the method of the high frequency (HF) voltage signal injection. The least square support vector machine (LS-SVM) is used to acquire the rotor position/speed signal in medium-high (M-H) speed operation. Hybrid automata model of the IPMIWM is established due to its hybrid dynamic characteristics in wide speed range. A hybrid state observer (HSO), including a discrete state observer (DSO) and a continuous state observer (CSO), is designed for rotor position/speed estimation of the IPMIWM.

The hardware-in-the-loop testing based on dSPACE is carried out on the test bench. Experimental investigations demonstrate the hybrid control approach can not only identify the rotor position/speed signal with a certain load but also be able to reject the load disturbance. The reliability and the effectiveness of the proposed hybrid control approach were verified.

The proposed hybrid control approach for the sensorless IPMIWM promotes the deep combination and coordination of sensorless IPMIWM drive system. It also theoretically supports and extends the development of the hybrid control of the highly integrated modular automation system.

This paper aims to introduce a novel four-dimensional hyper-chaotic system with different hyper-chaotic attractors as certain parameters vary. The typical dynamical behaviors of the new hyper-chaotic system are discussed in detail. The control problem of these hyper-chaotic attractors is also investigated analytically and numerically. Then, two novel electronic circuits of the proposed hyper-chaotic system with different parameters are presented and realized using physical components.

The adaptive control method is derived to achieve chaotic synchronization and anti-synchronization of the novel hyper-chaotic system with unknown parameters by making the synchronization and anti-synchronization error systems asymptotically stable at the origin based on Lyapunov stability theory. Then, two novel electronic circuits of the proposed hyper-chaotic system with different parameters are presented and realized using physical components. Multisim simulations and electronic circuit experiments are consistent with MATLAB simulation results and they verify the existence of these hyper-chaotic attractors.

Comparisons among MATLAB simulations, Multisim simulation results and physical experimental results show that they are consistent with each other and demonstrate that changing attractors of the hyper-chaotic system exist.

The goal of this paper is to construct a new four-dimensional hyper-chaotic system with different attractors as certain parameters vary. The adaptive synchronization and anti-synchronization laws of the novel hyper-chaotic system are established based on Lyapunov stability theory. The corresponding electronic circuits for the novel hyper-chaotic system with different attractors are also implemented to illustrate the accuracy and efficiency of chaotic circuit design.

This paper aims to propose a strategy to analyze management governance in China.

This paper incorporates data on 989 Chinese listed firms over 2006 to 2016. A fixed effects model with panel data and an F-test are applied to exploit the relationship between management ownership and firm performance. A threshold model is introduced to explore the impacts of other governance mechanisms on management governance.

This paper finds an inverted U-shaped relationship between management ownership and firm performance. Furthermore, the threshold model demonstrates that large shareholders strengthen the positive effects of management governance and attenuate its negative effects; board size strengthens the positive effects of management governance but cannot attenuate its negative effects; and independent directors attenuate the negative effects of management governance.

This paper indicates that increasing management ownership could motivate managers to ameliorate the agent’s moral hazard problem which link the firm value premium when management ownership is less than 20.286 per cent. However, equity incentives are very rare in China. Thus, the authors expect that equity incentives will be a common phenomenon in Chinese listed firms.

This paper contributes to corporate governance literature by shedding some light on management ownership to explore the effects of management ownership. Specifically, this paper explores the effects of management ownership on firm performance and the impacts of other governance mechanisms on management governance to shape the management governance in China.

The purpose of this paper is to explore the variation law between the clay microstructure and macro external force by using soil scanning electron microscope (SEM) images.

First, SEM images of clay were pre-processed by MATLAB, and quantitative statistical parameters such as directional probability entropy, fractal dimension and shape factor are extracted. Second, the distribution force model was proposed, considering that the microscopic parameters of soil particles were independent of each other, and the distribution coefficient was determined according to the analytic hierarchy process (AHP). Then, the fitted formula of quantitative statistical parameters based on the distribution force model was obtained by taking the macroscopic distribution force as independent variable and the microscopic parameters of soil particles as dependent variable. Finally, the correctness of corresponding fitting formula was verified.

The results showed that the change of external consolidation pressure has great influence on the directional probability entropy and fractal dimension, while the shape factor reflecting the regular degree of soil particle shape is less sensitive to the consolidation pressure. The fitting formula has high accuracy, and mostly the R value can reach more than 0.9. All the data have passed the test, which proves that the distribution force model proposed in this paper is rational.

The model can be used to connect the macroscopic stress of soil with the micro-structure deformation of soil particles through mathematical formula, which can provide reference for engineering practice.

This paper aims to examine how the law may play a role in mediation by paying special attention to how the law is excluded from and included in the process of court mediation in China.

Hundred model court mediation cases selected by the Supreme People’s Court of China were analysed and reviewed.

The law is relevant in Chinese-style court mediation in four ways: first, judge-mediators are intended to use mediation to avoid resolving legal difficulties or challenges; second, judge-mediators consult the law to anticipate the losing party and the potential negative effects that might result from the adjudication; third, judge-mediators refer to the law to propose a mediation scheme or plan to guide the parties to settle; and fourth, judge-mediators would use the law as a bargaining chip in various ways to induce the parties to settle.

Standards should be set out for the use of law in the mediation process to standardise judge-mediators’ actions, to ensure that the law is not used coercively to push settlement, which would undermine the parties’ self-determination in mediation.

This paper provides an original understanding of how law affects the process, the outcomes and, ultimately, the nature of settlements that parties achieve through court mediation in China. This study contributes to the literature that argues that ethical norms and legal standards should be set to direct those legal evaluations.