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Black markets can reduce the effects of distortionary regulations by reallocating scarce resources toward consumers who value them most. The illegal nature of black markets, however, creates transaction costs that reduce the gains from…

General Economics · Economics 2021-05-04 Øystein Daljord , Guillaume Pouliot , Junji Xiao , Mandy Hu

Although goal-setting theory predicts that a challenging and specific goal can improve performance, the evidence regarding the effectiveness of an environmental goal in organizations is mixed. Using a panel data set consisting over 700…

Applications · Statistics 2025-08-11 Xichen Sun , Xingzhi Jia , Rogelio Oliva

The paper examines the Chinese market reaction to the ADR issue by comparing returns and their stochastic variances of the Chinese firms cross-listed in the U.S. stock market. First, It was implemented capital asset pricing model (CAPM) to…

Pricing of Securities · Quantitative Finance 2017-11-27 Kamilla Sabitova

Upon taking office in late 2012, Chinese President Xi Jinping launched one of the most intensive anticorruption campaigns in the history of the People's Republic of China. Prior to the campaign, China's land market suffered from corruption,…

Econometrics · Economics 2026-03-03 Julia Manso

Quantity and price risks are key uncertainties market participants face in electricity markets with increased volatility, for instance, due to high shares of renewables. From day ahead until real-time, there is a large variation in the best…

Methodology · Statistics 2025-02-21 Paul E. Seifert , Emil Kraft , Steffen Bakker , Stein-Erik Fleten

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key…

General Economics · Economics 2024-07-25 Viktor Stojkoski , Philipp Koch , César A. Hidalgo

The emerging paradigm of interconnected microgrids advocates energy trading or sharing among multiple microgrids. It helps make full use of the temporal availability of energy and diversity in operational costs when meeting various energy…

Systems and Control · Electrical Eng. & Systems 2020-06-12 Dafeng Zhu , Bo Yang , Qi Liu , Kai Ma , Shanying Zhu , Xinping Guan

The energetic flexibility of electric energy resources can be exploited when trading on wholesale energy and ancillary service markets. This paper considers the problem of a Balance Responsible Party to maximize its profit from trading on…

Systems and Control · Computer Science 2018-04-12 Fabian L. Müller , Stefan Woerner , John Lygeros

Provisioning dynamic machine learning (ML) inference as a service for artificial intelligence (AI) applications of edge devices faces many challenges, including the trade-off among accuracy loss, carbon emission, and unknown future costs.…

Machine Learning · Computer Science 2023-04-25 Huirong Ma , Zhi Zhou , Xiaoxi Zhang , Xu Chen

For promoting the development of the marine economy more sustainably, based on the data envelopment analysis method and combined with the impact of the marine environment, the environmental performance of the marine economy was evaluated…

General Economics · Economics 2024-08-13 Yi Zheng

We analyse a multiplex of networks between OECD countries during the decade 2002-2010, which consists of five financial layers, given by foreign direct investment, equity securities, short-term, long-term and total debt securities, and five…

General Finance · Quantitative Finance 2016-02-17 Franco Ruzzenenti , Andreas Joseph , Elisa Ticci , Pietro Vozzella , Giampaolo Gabbi

This paper introduces the concept of a global financial market for environmental indices, addressing sustainability concerns and aiming to attract institutional investors. Risk mitigation measures are implemented to manage inherent risks…

Computational Finance · Quantitative Finance 2023-08-31 Thisari K. Mahanama , Abootaleb Shirvani , Svetlozar Rachev , Frank J. Fabozzi

Given the fact that climate change has become one of the most pressing problems in many countries in recent years, specialized research on how to mitigate climate change has been adopted by many countries. Within this discussion, the…

General Economics · Economics 2024-12-24 Azizul Hakim Rafi , Abdullah Al Abrar Chowdhury , Adita Sultana , Abdulla All Noman

Industrial operations have grown exponentially over the last century, driving advancements in energy utilization through vehicles and machinery.This growth has significant environmental implications, necessitating the use of sophisticated…

Applications · Statistics 2024-05-28 Anurag Mishra , Ronen Gold , Sanjeev Vijayakumar

"Green Premiums" which means the difference in cost between emissions-emitting technology and zero-emissions or emissions-reducing technology is significant for those renewable energy technology to address the climate change challenge…

Systems and Control · Electrical Eng. & Systems 2023-02-28 Zhi Li , Hang Fan , Shuyan Dong

A transition to a low-carbon electricity supply is crucial to limit the impacts of climate change. Reducing carbon emissions could help prevent the world from reaching a tipping point, where runaway emissions are likely. Runaway emissions…

General Economics · Economics 2021-11-02 Alexander Kell

Rare earth elements (REEs) are critical to a wide range of clean and high-tech applications, yet global trade dependencies expose countries to vulnerabilities across production networks. Here, we construct a multi-tiered input-output trade…

General Economics · Economics 2025-08-04 Peter Klimek , Sophia Baum , Markus Gerschberger , Maximilian Hess

We propose a stylized model of a complex economy to explore the economic tradeoffs imposed by the so called "green transition" -- the shift towards more sustainable production paradigms -- using tools from the Statistical Mechanics of…

Physics and Society · Physics 2025-08-06 Filippo Marcuccini , Giacomo Livan

Constructing clean and low-carbon rural integrated energy system (RIES) is a fundamental requirement for supporting China's rural modernization and new-type urbanization. Existing research on RIES decarbonization primarily focuses on the…

Systems and Control · Electrical Eng. & Systems 2025-11-18 Xuxin Yang , Xue Yuan , Donghan Feng , Siru Chen , Yuanhao Feng

This paper conducts an empirically study on the trade package composed of a sequence of consecutive purchases or sales of 23 stocks in Chinese stock market. We investigate the probability distributions of the execution time, the number of…

Trading and Market Microstructure · Quantitative Finance 2013-09-09 Fei Ren , Wei-Xing Zhou