This paper develops a stylized (or conceptual) system optimization model to analyze the adoption of an emerging infrastructure associated with uncertain technological learning and spatial reconfigurations. The model first assumes that the emerging infrastructure will be implemented for the...

Asset co-movement has attracted the increasing attention of researchers from traditional finance and emerging interdisciplinary disciplines. However, little is known about the consistency of market-wide co-movement proxies constructed from the two perspectives above. Employing Fama-French...