We estimate firm-specific marginal cost of debt functions for a large panel of companies between 1980 and 2007. The marginal cost curves are identified by exogenous variation in the marginal tax benefits of debt. The location of a given company's cost of debt function varies with characteristics...

In this paper, the behavior of CO2 transmission in a micro direct methanol fuel cell (μDMFC) is investigated through both simulations and experiments. A model is built to describe the change of CO2 volume fraction in the anode channel under different operation parameters (e.g., current density,...

Sediments in estuary areas are recognized as the ultimate reservoirs for numerous contaminants, e.g., toxic metals. Multivariate analyses by chemometric evaluation were performed to classify metal ions (Cu, Zn, As, Cr, Pb, Ni and Cd) in superficial sediments from Lingdingyang Bay and to...

Despite high rates of cohabitation before marriage, and considerable efforts invested in the search for a life partner, a high number of marriages end in divorce. This paper develops a model of household formation and dissolution in which it may be rational for individuals to marry, fully...

We use exogenous variation in tax benefit functions to estimate firm-specific cost of debt functions that are conditional on company characteristics such as collateral, size, and book-to-market. By integrating the area between the benefit and cost functions, we estimate that the equilibrium net...

Industrial parks are the economic engines for many China regions, but they also consume a great deal of energy and emit greenhouse gases. However, few empirical studies have examined these special communities. We selected SIP (Suzhou Industrial Park) as a case study. Carbon emissions from SIP...

Knowledge of the factors driving greenhouse gas (GHG) emissions from cities is crucial to mitigating China's anthropogenic emissions. In this paper, the main drivers increasing GHG emissions from the Chinese city of Suzhou between 2005 and 2010 were identified and quantitatively analyzed using...