We investigate any similarity and dependence based on the full distributions of cryptocurrency assets, stock indices and industry groups. We characterize full distributions with entropies to account for higher moments and non-Gaussianity of returns. Divergence and distance between distributions...

The theory of audit pricing suggests that audit fees are positively associated with areas of higher inherent risk. Inventory is commonly cited as one such area, and many Western studies have reported a positive association between inventory and audit fees. However, most Chinese studies have...

This paper addresses a multiagent-based distributed load shedding scheme to restore frequency for the microgrids during islanded operation. The objective of the proposed scheme is to realize a distributed load shedding considering its associated cost and the capacity of the flexible loads. There...

The volatility of wind power poses great challenges to the operation of power systems. This paper deals with the economic dispatch problems presented by energy storage in wind integrated systems. A policy iteration algorithm for deriving the cost optimal policy of real-time scheduling is...

Global efforts to stymie greenhouse gas emissions have been diverse and multifaceted; with limiting carbon emissions from internal combustion automobiles being implicated as a key tactic. In this work, we examine one approach taken by governments to steer consumers away from traditional vehicles...

With the industry trend of shifting from a traditional hierarchical approach to flatter management structure, crowdsourced performance assessment gained mainstream popularity. One fundamental challenge of crowdsourced performance assessment is the risks that personal interest can introduce...

Audit firms face conflicting incentives. On one hand, they are motivated to provide high quality audits in order to protect their reputations and avoid regulatory sanctions but, on the other hand, they also need to please their clients in order to increase their revenues. We argue that these...

We construct a time-varying network of labor competitors for all U.S. public companies. We show the importance of this network for transmitting labor and industry shocks. There are three main findings. First, the overlap between firms' labor competitors and product market rivals is less than 20...

We document a sizable increase in the concentration of active users toward the top mobile apps. In narrowly defined categories, the share of active users for the top app increases from 38% in fall 2015 to 47% in spring 2022. This sharp rise in user concentration can be primarily attributed to...

This paper studies the economic value of mobile applications (apps) and their effect on firms, particularly highlighting how these apps, by giving access to customer data, enhance firm-specific information environment. Constructing a unique measure of app value using novel data on all mobile...