A panel regression method for quantifying the convergence of house prices

The convergence among house prices has attracted much attention from researchers. Previous research mainly utilised a time-series regression method to investigate convergences of house prices, which may ignore the heterogeneity of houses across cities. This research developed a panel regression method, by which the heterogeneity of house prices can be captured. Seemingly unrelated regression estimators were also adapted to deal with the contemporary correlations across cities. Investigation of the convergence among house prices in the Australian capital cities was carried out by using the developed panel regression method. Results suggested that house prices converge in Sydney, Adelaide and Hobart but diverge in Darwin.

Multi-input-multi-output antennas for radio frequency identification systems

In this chapter the authors discuss the physical insight of the role of wireless communication in RFID systems. In this respect, this chapter gives a brief introduction on the wireless communication model followed by various communication schemes. The chapter also discusses various channel impairments and the statistical modeling of fading channels based on the environment in which the RFID tag and reader may be present. The chapter deals with the fact that the signal attenuations can be dealt with up to some level by using multiple antennas at the reader transmitter and receiver to improve the performance. Thus, this chapter discusses the use of transmit diversity at the reader transmitter to transmit multiple copies of the signal. Following the above, the use of receiver combining techniques are discussed, which shows how the multiple copies of the signal arriving at the reader receiver from the tag are combined to reduce the effects of fading. The chapter then discusses various modulation techniques required to modulate the signal before transmitting over the channel. It then presents a few channel estimation algorithms, according to which, by estimating the channel state information of the channel paths through which transmission takes place, performance of the wireless system can be further increased. Finally, the Antenna selection techniques are presented, which further helps in improving the system performance.

The impact of divergent historical and cultural factors on convergence in global communication practice

Communication practice is increasingly converging around globally consistent approaches and techniques shaped by both globalisation and globalising communications technologies. However, this paper argues, national and regional practice histories and cultural characteristics have shaped, and continue to shape, practice in individual markets. The paper analyses the extent of that these divergent histories and cultures have shaped the structure and practices of the public relations industry in Australia and other countries. The paper challenges the common assumptions about public relations development and industry practice having developed from a predominantly US-based model progressively disseminated globally. It traces the history of public relations in Australia, counter-pointing its distinctive origins, to the US-origin thesis. It also examines the impact of demography and diverse national culture on industry shape and practice, comparing the Australian industry to that of other industries around the world. It uses mini-case studies of campaigns in specific countries to assess the extent to which they are culturally-bound by historical and cultural differences and the extent to which they are capable of being transferred or adapted to individual markets. For instance, assumptions about globally-consistent brand identities are contradicted by McDonalds’ branding practices in markets such as Canada and Japan. The paper also discusses how emerging market PR industries are being shaped by distinctive and divergent cultures and development paths and may create new structural and practice models as the emerging economies becoming dominant internationally. The authors suggest that history and cultural diversity continue, and will continue to, shape national and regional practices.

Web 2.0 : an argument against convergence

Web 2.0 has been a dominant concept in recent discussion and development of Internet applications, businesses and uses. Dating from 2004, the term Web 2.0 is variously understood as new forms of website development and delivery technology, changing uses of the Internet to emphasise sociability over consumption, new understandings of the possible financial exploitation of the web, and more broadly, a new way of thinking about the Internet as a whole. However, Web 2.0 is, conceptually, both more and less than these various understandings and we can only grasp why it has become such a key term in contemporary usage by appreciating two key discursive foundations for this term. Firstly, much Web 2.0 thinking is a re-expression of long-held ideas about the Internet and the web. Secondly, at the particular time when Web 2.0 was made popular, net technology policy makers and financial analysts were primarily enthused by the possibilities of broadband networks for improved and more profitable versions of the well-established businesses of telephony and audio-visual entertainment, and had to some extent consigned novel, web-based services to a lesser role, following the dot.com crash. Thus, as I argue in this paper, Web 2.0 can be understood as a key intervention, from within the dot.com / new media business sector, recovering from the crash, that re-asserts the equal legitimacy of the use of networked computing, over high-speed lines, for computing-oriented activities, and not just video on demand and voice over IP. In short, in the first years of this century, discussions about the future of the Internet had become dominated by arguments for increased broadband access, substantially concerned with providing more traditional video and voice services in new ways. The World Wide Web was seen as relatively unimportant for this purpose, even though it was part of the so-called 'triple play' of voice and data services. At this time, first in the hands of Tim O'Reilly and then from others who took up his position, Web 2.0 became a catchy simple term under which to mount a campaign for the renaissance of the World Wide Web as a quite distinct, yet equally important, form of media and communications. So, Web 2.0 provides evidence that, while there is a convergence of all forms of media and communications towards similar data traffic over the Internet, there remain diverging views over the nature, control and use of the Internet, views that express the degree to which corporate players imagine themselves to be 'media', 'telephony' or 'computing' in primary orientation.

A robust learning control for SISO Nonlinear systems with T-S Fuzzy Model : C02-robust control

In this paper, a robust learning control is developed for a class of single input single output (SISO) nonlinear systems with T-S fuzzy model. It is seen that the proposed sliding mode learning control with the powerful Lipshitz-like condition can guarantee the stability, convergence and robustness of the closed-loop system without involving any assumptions on uncertain system dynamics. In addition, theconcept that the local system with the maximum membership function dominates the system dynamic behaviours helps to greatly simplify the control system design. It will be further seen that the continuous learning control ensures the advantage of chattering-free that may occur in conventional sliding mode systems. Simulation examples are presented to demonstrate the effectiveness of the proposed learning control through the comparison with the H-infinity control.

Exponential stabilization for state and input delay systems via output feedback

This paper considers the exponential stabilization problem via static and dynamic output feedback controllers of linear systems with a time delay in both the state and input. By using a change of the state variable and combining with the Lyapunov-Krasovskii method, new sufficient conditions for exponential stabilization via static and dynamic output feedback controllers are proposed. The conditions are expressed in terms of matrix inequalities but with only one parameter needs to be tuned and therefore can be efficiently solved by incorporating an one-dimensional search method into the Matlab’s LMI toolbox. Two numerical examples are provided to illustrate the obtained results.

Observer-based controller design of time-delay systems with an interval time-varying delay

This paper considers the problem of designing an observer-based output feedback controller to exponentially stabilize a class of linear systems with an interval time-varying delay in the state vector. The delay is assumed to vary within an interval with known lower and upper bounds. The time-varying delay is not required to be differentiable, nor should its lower bound be zero. By constructing a set of Lyapunov–Krasovskii functionals and utilizing the Newton–Leibniz formula, a delay-dependent stabilizability condition which is expressed in terms of Linear Matrix Inequalities (LMIs) is derived to ensure the closed-loop system is exponentially stable with a prescribed α-convergence rate. The design of an observerbased output feedback controller can be carried out in a systematic and computationally efficient manner via the use of an LMI-based algorithm. A numerical example is given to illustrate the design procedure.

lnvestigating spatial linkages of construction prices in Australia's regions

Linkages among different construction markets have attracted great of attention from the construction economist. With notable exceptions, most of this infestation has carried out by using input-output analysis. Interactions among regional construction markets have been discussed in few studies and none of them investigate spatial effects on the regional construction markets. This study employed spatial econometric techniques, spatial autocorrelation and convergence tests, to analysis interactions and linkages among construction price indices in Australian six states and two territories. The empirical results indicate the presence of significant positive spatial correlation between the construction prices in Australian eight construction markets and the degree of dependence decrease sufficiently quickly as the space between units increase. The results of convergence test further present evidence on "ripple effect" in the construction prices in Australian regional markets and the changes in regional construction price would positively influence neighboring states first, and then spread out into others, and then the regional prices converge and reach a long-run equilibrium in the following quarters. Urban development policymakers and construction developers could benefit from the analysis of spatial linkages in regional construction markets.

Mind change optimal learning of Bayes net structure

This paper analyzes the problem of learning the structure of a Bayes net (BN) in the theoretical framework of Gold’s learning paradigm. Bayes nets are one of the most prominent formalisms for knowledge representation and probabilistic and causal reasoning. We follow constraint-based approaches to learning Bayes net structure, where learning is based on observed conditional dependencies between variables of interest (e.g., “X is dependent on Y given any assignment to variable Z”). Applying learning criteria in this model leads to the following results. (1) The mind change complexity of identifying a Bayes net graph over variables V from dependency data is |V| 2 , the maximum number of edges. (2) There is a unique fastest mind-change optimal Bayes net learner; convergence speed is evaluated using Gold’s dominance notion of “uniformly faster convergence”. This learner conjectures a graph if it is the unique Bayes net pattern that satisfies the observed dependencies with a minimum number of edges, and outputs “no guess” otherwise. Therefore we are using standard learning criteria to define a natural and novel Bayes net learning algorithm. We investigate the complexity of computing the output of the fastest mind-change optimal learner, and show that this problem is NP-hard (assuming P = RP). To our knowledge this is the first NP-hardness result concerning the existence of a uniquely optimal Bayes net structure.

From tax expenditures to rebates: an 'output based equity' approach for Australia's retirement policies

Australia's retirement policies are geared to shifting reliance from the Age Pension to private superannuation, predominately via the use of tax expenditures. This article examines tax expenditures in this area and concludes that inequities and inefficiencies abound. Reform is required. It is argued that the functions of revenue collection and social support should be separated, and the use of tax expenditures in superannuation should be discarded. A rebate system1 or a spending initiative, is proposed. This 'output based equity' approach will address fairness and equity issues at the time of retirement - when full benefits are received.