This paper investigates the interactive relationships between oil price shocks and Chinese stock market using multivariate vector auto-regression. Oil price shocks do not show statistically significant impact on the real stock returns of most Chinese stock market indices, except for...

In Copenhagen climate conference China government promised that China would cut down carbon intensity 40–45% from 2005 by 2020. CET (carbon emissions trading) is an effective tool to reduce emissions. But because CET is not fully implemented in China up to now, how to design it and its...

Carbon allowances auctions are a good way to achieve the carbon allowance allocations under international agreements to address global climate change. Based on an economic experiment, this paper compares three possible carbon allowance auction formats (uniform price auction, discriminatory price...

Agriculture's reliance on ecosystem services creates economic and ecological interdependencies between crop production and biodiversity. Interactions with mobile organisms are particularly complex because they depend on the spatial configuration of habitat at large scales. As such conserving...