With data being generated at an unprecedented rate, the monetization of data has become a paramount issue in this era of the digital economy. A common strategy is to leverage consumer data to improve product or service offerings and increase sales revenue, so-called indirect data monetization....

When does the Federal Reserve deviate from its dual mandate of pursuing the economic goals of maximum employment and price stability and what are the consequences? We assemble the most comprehensive collection of Federal Reserve speeches to-date and apply state-of-the-art natural language...

This study investigates the effects of economic policy uncertainty (EPU) on green bond financing costs using Chinese green bond data from 2016-2021 and discusses the role of green finance pilot zone policies in hedging uncertainty. The results show that EPU significantly raises the financing...

The proliferation of consumer data and advanced data analytics techniques (e.g., machine learning), has empowered firms to implement personalized pricing by learning individual consumer preferences. Behavioral research and anecdotal evidence suggest that consumers exhibit aversion to such a...

Existing studies that evaluate the impact of pollution on human beings understate its negative effect on cognition, mental health, and happiness. This paper attempts to fill in the gap via investigating the impact of air quality on subjective well-being using China as an example. By matching a...

Many online platforms adopt the ad-sponsored business model, which involves offering free services to consumers while collecting their data and selling targeted advertising space to advertisers. However, collecting consumer data has raised growing privacy concerns, which may affect consumers’...

Recent developments in data-centric technologies (e.g., big data, Internet of Things, cloud computing) have given rise to the data-centric models as an example of servitization. Servitization here refers to firms selling a product as a service instead of selling product ownership, which has been...

We study the incidence of pollution taxes and their impact on unemployment in an analytical general equilibrium efficiency wage model. We find closed-form solutions for the effect of a pollution tax on unemployment, factor prices, and output prices, and we identify and isolate different channels...