Based on the input–output model and the comparable price input–output tables, the current paper investigates the indirect carbon emissions from residential consumption in China in 1992–2005, and examines the impacts on the emissions using the structural decomposition method. The results...

In this paper we discuss the optimal liquidation over a finite time horizon until the exit time. The drift and diffusion terms of the asset price are general functions depending on all variables including control and market regime. There is also a local nonlinear transaction cost associated to...

Previous studies have extensively confirmed that superstition has a wide range of impacts on economically consequential decisions. The underlying mechanisms, however, remain largely unexplored. In particular, superstitions can influence either people’s endogenous risk preferences or subjective...