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Di Tella et al. (2001) show that temporary fluctuations in life satisfaction (LS) are correlated with macroeconomic circumstances such as gross domestic product, unemployment and inflation. In this paper, we bring attention to labour market measures from search and matching models (Pissarides 2000).

Our analysis follows the two-stage estimation strategy used in Di Tella et al. (2001) to explore sectoral unemployment levels, labour market tightness and matching efficiency as LS determinants. In the first stage, we use a large sample of individual data collected from a continuous web survey during the 2007–2014 period in the Netherlands to obtain regression-adjusted measures of LS by quarter and economic sector. In the second-stage, we regress LS measures against the unemployment level, labour market tightness and matching efficiency.

Our results are threefold. First, the negative link between unemployment and an employee's LS is confirmed at the sectoral level. Second, labour market tightness, measured as the number of vacancies per job-seeker rather than the number of vacancies per unemployed, is shown to be relevant to the LS of workers. Third, labour market matching efficiency affects the LS of workers differently when they are less satisfied with their job and in temporary employment.

No evidence of this relationship has been documented before. Our results give support to government interventions aimed at activating demand for labour, improving the matching of job-seekers to vacant jobs and reducing information frictions by supporting match-making technologies.

Template matching is one of the most suitable choices for full six degrees of freedom pose estimation in many practical industrial applications. However, the increasing number of templates while dealing with a wide range of viewpoint changes results in a long runtime, which may not meet the real-time requirements. This paper aims to improve matching efficiency while maintaining sample resolution and matching accuracy.

A multi-pyramid-based hierarchical template matching strategy is proposed. Three pyramids are established at the sphere subdivision, radius and in-plane rotation levels during the offline template render stage. Then, a hierarchical template matching is performed from the highest to the lowest level in each pyramid, narrowing the global search space and expanding the local search space. The initial search parameters at the top level can be determined by the preprocessing of the YOLOv3 object detection network to further improve real-time performance.

Experimental results show that this matching strategy takes only 100 ms under 100k templates without loss of accuracy, promising for real industrial applications. The authors further validated the approach by applying it to a real robot grasping task.

The matching framework in this paper improves the template matching efficiency by two orders of magnitude and is validated using a common template definition and viewpoint sampling methods. In addition, it can be easily adapted to other template definitions and viewpoint sampling methods.

The purpose of this paper is to explore the matching process before and after the Great Recession in the Netherlands. The Dutch case is interesting because it is characterised by increasing matching efficiency.

This paper uses data from 2001 to 2014 to study the Dutch labour market matching process accounting for the three labour market states and their heterogeneities.

The elasticity of hires with respect to the short-term employed was significant, positive and countercyclical, while elasticities relating to new entrants were procyclical. The matching function (MF) displays constant returns to scale (CRTS) when using an alternative labour supply (LS) measure that includes the short-term employed as jobseekers. The findings are at odds with the idea of mismatch and a shortage of skills. Search frictions for employers were lower and vacancies were filled faster. This can be related to the fact that in a loose labour market context with increasing short-term employment, employers increase their hiring of employed workers which generates negative externalities on unemployed.

The implications concern the specification of the MF and the CRTS assumption when using unemployment as a LS measure.

This paper aims to pose an important starting point for the application of the search-and-matching models to real estate appraisals, thus reducing the “gap” between practitioners and academicians. Due to relevant trading frictions, the search-and-matching framework has become the benchmark theoretical model of the housing market. Starting from the large related literature, this paper develops a simplified approach to modelling the frictions that focuses on the direct relationship between house price and market tightness (a common feature only for the labour market matching models). The characterization of the equilibrium through two main variables simplifies the analysis and allows using the theoretical model for empirical purposes, namely, the real estate appraisals.

This work is both theoretical and empirical. Theoretically, a long-run equilibrium model with a positive share of vacant houses and home seekers is determined along with price and market tightness. Also, the conditions of existence and uniqueness of the steady-state equilibrium are determined. Unlike most of the search-and-matching models in the housing literature, the out-of-the steady-state dynamics are also analyzed to show the stability of the equilibrium. Empirically, to show the usefulness of the theoretical model, a numerical simulation is performed. By using two readily available housing market data – the expected time on the market and the average number of trades – it is possible to determine the key variables of the model: price, market tightness and matching opportunities for both buyers and sellers. Although the numerical simulation concerns the Italian housing market, the proposed model is generally valid, being empirically applicable to all real estate markets characterized by non-negligible trading frictions. Indeed, the proposed model can be used to compare housing markets with different features (concerning the search and matching process), as well as analyse the same housing market in different time periods (because the efficiency of the search and matching process can change).

Several important results are obtained. First, the price adjustment – i.e. the difference between the actual selling price and the price obtained in an ideal situation of frictionless housing market – is remarkable. This means that the sign and the size of the price adjustment depend on the extent of trading frictions in the housing market. Precisely, the higher the trading frictions on the demand side (more buyers and less sellers), the higher the actual selling price (the price adjustment is positive), whereas the higher the trading frictions on the supply side (less buyers and more sellers), the lower the actual selling price (the price adjustment is negative). Accordingly, the real estate appraisers should assess the trading frictions in the housing market before determining the price adjustment. Second, an increase in the number of trades affects the house price only if the time on the market varies. Also, the higher the variation in the time on the market, the larger the house price adjustment. Indeed, the expected time on the market reflects the opportunities to matching for both parties and thus the trading frictions. If the time on the market increases (decreases), the seller will receive less (more) opportunities to match; thus, the actual selling price will be driven downwards (upwards).

As far as the authors are aware, none of the existing works in the search and matching literature has considered how to take advantage of this theoretical approach to estimate the house price in the presence of trading frictions in the housing market. Indeed, the proposed theoretical model may be a useful tool for real estate appraisers, as it is able to derive the trading frictions from the time on the market and the number of trades, thus estimating properly the house price.

This paper aims to model the efficiency of labour offices belonging to the public employment services (PESs) in Spain using a stochastic matching frontier approach.

With this aim in mind, the authors apply a random parameter model approach to control for observed and unobserved heterogeneity.

Results indicate that when the information criteria of the estimates are analysed, it improves by controlling both, observed and unobserved heterogeneity in the inefficiency term. Also, results suggest that counsellors improve the productivity of labour offices and that the share of unemployed skilled persons, unemployed persons aged 44 or younger, as well as the share of unemployed persons in the construction sector, all affect the technical efficiency of PESs offices.

The model extends the previous specifications in the matching literature that capture only observed heterogeneity. Moreover, as far as the authors know, it is the first paper that estimates a matching frontier for the Spanish case. Finally, the database they use is at the office level and includes the work carried out by counsellors, which is a novelty in the analysis of this type of studies at the Spanish level.

The purpose of this paper is to apply firework optimization algorithm to optimize multi-matching selective assembly problem with non-normal dimensional distribution.

In this paper, a multi-matching selective assembly approach based on discrete fireworks optimization (DFWO) algorithm is proposed to find the optimal combination of mating parts. The approach introduces new operator with the way of 3-opt and also uses a stochastic selection strategy, combines the discrete selective assembly problem with firework optimization algorithm properly and finds the best combination scheme of mating parts with non-normal dimensional distributions through powerful global search capability of the firework optimization algorithm.

The effects of different control parameters, including the number of initial fireworks and the coefficient controlling the total number of sparks generated by the fireworks on the evolution performance, are discussed, and a promising higher performance of the proposed selective assembly approach is verified through comparison with other selective assembly methods.

The best combination of mating parts is realized through the proposed selective assembly approach, and workers can select suitable mating parts under the guidance of the combination to increase the assembly efficiency and reduce the amount of surplus parts.

A DFWO algorithm is first designed to combine with multi-matching selective assembly method. For the case of an assembly product, the specific mapping rule and key technologies of DFWO algorithm are proposed.

The rapid growth of the powder coatings industry over the past ten years has brought with it dramatic changes in the technology of the manufacturing process and in the products themselves. Powder coatings have become recognised as a high performance and cost‐effective alternative to conventional wet paint systems. The increasing numbers of discerning end users who have adopted powder as a finishing process have demanded demonstrable improvements in product quality and performance over their existing finishing systems. This has lent additional impetus to the drive for better products and has accelerated the pace of technological change within the industry. Pressure on powder manufacturers has resulted in increasingly tighter requirements for consistency of product quality and none more so than in control of the colour of the powder coating, especially for demanding applications such as architectural and domestic appliance coatings.

Entrepreneurial mentoring is widely regarded as an effective way to train novice entrepreneurs all over the world. However, the effectiveness of this approach and the determinants are not well understood under country-specific conditions. The purpose of this paper is to build a conceptual framework and use empirical analysis to explore the mentoring effect and its determinants, especially in the Chinese context.

The paper uses data from 172 young entrepreneurs which had been supported by Youth Business China, Mianyang Office since 2008. The factor analysis and structural equation model have been applied to analyze the data to investigate the quantitative relationship and path of the mentoring effect of entrepreneurship with mentor’s factors, young entrepreneurs (mentees’s factors) and their interrelationship.

The assessment scores of the entrepreneurship mentoring effect both in experience level and effectiveness level are relatively high, in the satisfactory range. The entrepreneurship mentoring effect, measured by the experience and the performance level, is determined by the coupling interaction of the mentor, the mentee and their interactive relationship. Among them, the mentor’s characteristic, the most important being his/her intention, has the biggest effect on the mentoring effect, significantly bigger than the mentor’s quality and skill. However, the mentor’s intention is not strong as expected. The interactive relationship between the mentor and the mentee also has a significant positive effect on entrepreneurial mentoring effect. The study also discovered the mentee factors have comparatively smaller effect on both the interactive relationship and the mentoring effect. Furthermore, it is found that the absorptive capability and learning intention of the young entrepreneur are relatively weak.

The construction of the index system of this research reflects the overall characteristics of the research objects and their static relationships. Therefore, the dynamic change of the mentoring relationship in different phases of the mentorship has not been taken into account. Also, self-serving bias may exist as this research measures the mentoring effect by the feedback on the mentor’s perception, using surveys completed by the mentees to measure both the mentee’s traits and the mentor’s qualities.

This study provides guidance on how entrepreneurship could be promoted and on how educational institutions in China can make the mentoring process a positive and effective system in order to enhance the mentoring effect.

The empirical conclusions of the present study can be applied to other business incubator, entrepreneurship education institutions and for the improvement and promotion of entrepreneurial mentoring system in China.

This paper probes into the mentoring system in the context of China from a new perspective and proposes an original conceptual model to study the entrepreneurship mentoring effect and its determinant.

This paper aims to introduce an efficient active-simultaneous localization and mapping (SLAM) approach for rover navigation, future planetary rover exploration mission requires the rover to automatically localize itself with high accuracy.

A three-dimensional (3D) feature detection method is first proposed to extract salient features from the observed point cloud, after that, the salient features are employed as the candidate destinations for re-visiting under SLAM structure, followed by a path planning algorithm integrated with SLAM, wherein the path length and map utility are leveraged to reduce the growth rate of state estimation uncertainty.

The proposed approach is able to extract distinguishable 3D landmarks for feature re-visiting, and can be naturally integrated with any SLAM algorithms in an efficient manner to improve the navigation accuracy.

This paper proposes a novel active-SLAM structure for planetary rover exploration mission, the salient feature extraction method and active revisit patch planning method are validated to improve the accuracy of pose estimation.

Identifying the complementary effects of ride-sharing on public transit is critical to understanding the potential value of growing partnerships between public transit agencies and ride-sharing platforms. The purpose of this paper is to investigate whether and how ride-sharing services complement public transit.

Taking advantage of a natural experiment whereby subway Line 2 opened after the entry of ride-sharing services in Xiamen, this study uses a difference-in-differences approach to identify the complementary effects of ride-sharing on public transit based on a proprietary fine-grained trip-level data set from a large ride-sharing platform.

This study obtained the encouraging finding that ride-sharing has a significant complementary effect on the subway, as the number of ride-sharing pickups and drop-offs at subway stations increased by 130% and 117.9%, respectively, after the subway opening. Moreover, mechanism analysis shows that the complementary effect of ride-sharing services is stronger when connection distance is short (i.e. under 6 km) and when the transportation availability is limited (i.e. at night or in the areas with low transit supply and low population density).

The findings provide guidelines for promoting cooperation between public transit agencies and ride-sharing platforms to build an efficient and sustainable urban transport system.

This study is the first to examine the complementary effect of ride-sharing services on public transit via unique fine-grained ride-sharing trips data, and further reveal the underlying mechanism behind this effect.