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159 Result(s)
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Article
A Predictive Analysis of Clean Energy Consumption, Economic Growth and Environmental Regulation in China Using an Optimized Grey Dynamic Model
To accurately predict the consumption of clean energy in China, a grey dynamic model is constructed by taking economic growth and environmental regulation as exogenous variables. The Nash equilibrium idea-base...
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Article
Stochastic control model for R&D race in a mixed duopoly with spillovers and knowledge stocks
We consider the stochastic control model with finite time horizon for a mixed duopoly Research and Development (R&D) race between the profit-maximizing private firm and welfare-maximizing public firm. In our t...
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Article
Strategic Adjustment of China’s Power Generation Capacity Structure Under the Constraint of Carbon Emission
China’s power generation capacity structure should be adjusted due to the needs to reduce \(\hbox {CO}_{2}\) ...
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Article
Spatial Interaction Model of Credit Risk Contagion in the CRT Market
In this paper, we introduce an entropy spatial model of credit risk contagion in the credit risk transfer (CRT) market that considers the effects of spatial, industry-specific, regional financial and individua...
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Article
Ellsberg paradox: Ambiguity and complexity aversions compared
We present a simple model where preferences with complexity aversion, rather than ambiguity aversion, resolve the Ellsberg paradox. We test our theory using laboratory experiments where subjects choose among l...
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Sustainability SI: Optimal Prices of Electricity at Public Charging Stations for Plug-in Electric Vehicles
With an increasing deployment of plug-in electric vehicles, evaluating and mitigating the impacts of additional electrical loads created by these vehicles on power distribution grids become more important. Thi...
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Article
The slider task: an example of restricted inference on incentive effects
Real-effort experiments are frequently used when examining a response to incentives. For a real-effort task to be well suited for such an exercise its measurable output must be sufficiently elastic over the in...
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Article
Global Exponential Stability of Cournot Duopolies with Delays
This paper is concerned with Cournot duopolies with delays. By employing a novel proof, some sufficient criteria are established to ensure the existence of positive solutions and global exponential stability o...
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Article
Is social choice gender-neutral? Reference dependence and sexual selection in decisions toward risk and inequality
This article examines redistribution of income in privately and socially risky environments. A majority of women are risk averse and behave according to the Golden Rule while a majority of men are risk seeking...
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Article
Migration, local off-farm employment, and agricultural production efficiency: evidence from China
This paper studies the effect of local off-farm employment and migration on the technical efficiency of rural households’ crop production using a five-year panel dataset from more than 2000 households in five ...
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Article
Transportation and Regional Economic Development: Analysis of Spatial Spillovers in China Provincial Regions
The role of spillover effect of transportation endowment on regional economic development is analyzed in this paper. We adopt the reduced form from the Solow growth model to estimate spillover effect from tran...
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Article
Investigating the Dynamic Spillover Effects of Low-Cost Airlines on Airport Airfare Through Spatio-Temporal Regression Models
Low airfare is associated with low passengers’ transportation expense, high regional accessibility, and active related industry market. Low-cost airlines have been found to be effective on airfare reduction. H...
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Article
Volatility Analysis of Financial Agent-Based Market Dynamics from Stochastic Contact System
A financial agent-based time series model is developed and investigated by the stochastic contact systems. Multicolor contact system, as one of statistical physics systems, is applied to model a random stock p...
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Article
Patience auctions: the impact of time vs. money bidding on elicited discount rates
We introduce, test, and compare two auction-based methods for eliciting discount rates. In these “patience auctions”, participants bid the smallest future sum they would prefer -or- the longest time they woul...
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Article
An Effective Computational Model for Bankruptcy Prediction Using Kernel Extreme Learning Machine Approach
Bankruptcy prediction is becoming more and more important issue in financial decision-making. It is essential to make the companies prevent from bankruptcy through building effective corporate bankruptcy predi...
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Article
Estimating cumulative prospect theory parameters from an international survey
We conduct a standardized survey on risk preferences in 53 countries worldwide and estimate cumulative prospect theory parameters from the data. The parameter estimates show that significant differences on the...
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Article
Nonparametric estimation of the determinants of inefficiency
We consider the benchmark stochastic frontier model where inefficiency is directly influenced by observable determinants. In this setting, we estimate the stochastic frontier and the conditional mean of ineffi...
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Article
On the Uniqueness of User Equilibrium Flow with Speed Limit
This technical note focuses on the link flow uniqueness of user equilibrium (UE) with speed limits. Under a mild assumption on the monotonicity of link travel time function, the UE link flow solutions are well...
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Article
Modeling Vehicle Miles Traveled on Local Roads Using Classification Roadway Spatial Structure
This paper models the relationship between vehicle miles traveled (VMT) on local and collector roads with an objective to predict local road VMT by using collector road VMT. Through a continuous approximation ...
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Article
A set optimization approach to utility maximization under transaction costs
A set optimization approach to multi-utility maximization is presented, and duality results are obtained for discrete market models with proportional transaction costs. The novel approach allows us to obtain r...