The core-periphery (CP) model of urban systems lacks evidence from real data for the nonlinear relationship between distance to core and market potential. China remains in the process of industrialization and globalization, thereby making it suitable for practical application of the CP model of...

Electricity will play a greater role in the transport and building sectors and all decarbonisation scenarios point to the increasing electrification of the energy system. To reach EU climate change targets, however, electricity will need to come increasingly from low carbon sources, especially...

This paper investigates whether investors’ anchoring bias matters for the cross section of cryptocurrency returns. Following the convention, we use the nearness of the current cryptocurrency price to N–day high as the proxy of anchoring. Both portfolio–level analysis and coin–level...

Using micro-level data, this paper examines the effects of Special Economic Zones (SEZs) on firms’ pollution emissions in China. Our results show that the establishment of SEZs in China lowers SEZ firms’ air pollution by at least 13%. Incumbents play the major role in generating this effect....