We examine the clustering behaviour of price and variance jumps using high-frequency data, modelled as a marked Hawkes process embedded in a bivariate jump-diffusion model. After de-periodisation of the intraday data, we find that the jumps of both individual stocks and a broad index exhibit...

This study develops a theoretical framework that differentiates the shares of electricity generation between two types of renewables, solar and wind, and evaluates the impacts of technology-neutral and technology-specific renewable energy policies on state-level solar and wind deployments. Our...

Capacity adjustment and dynamic pricing are long-term and short-term decisions respectively to match supply with demand. In an environment where the demand is unknown to the firm, it is worth investigating how to integrate the two decisions such that the firm can learn about the demand on the...

Digital technology policies beyond the traditional urban-rural dichotomy have become critical in economic and industrial integration. Few empirical studies examine the specific impact pathway of digital economy policy on urbanisation, especially urbanisation driven by the digital economy. This...