We provide a theory to investigate the implications of time-varying bailout policy for rational bubbles in an infinite-horizon production economy. In particular, we ask two questions. First, should the government bail out asset bubbles? Second, if yes, how? In our model, entrepreneurs face...

We study the consequences of market uncertainty on international trade. An increase in foreign market uncertainty dampens China's aggregate exports on both the extensive and intensive margins. The adverse effects are more pronounced in industries facing tighter financial constraints than in...

Problem definition: As digitization enables service platforms to easily access users’ information, important questions arise about how service platforms should disseminate information to improve platform operations. We contribute to this understanding by examining how providing...

We revisit the Environmental Kuznets Curve (EKC) argument that an economy could initially develop in a polluting way and then environmental quality would improve after income grows over a threshold. We propose a dynamic model to capture the interaction among economic growth, human capital...

The lack of a proper stress dispersion structure to avoid mechanical deformation of the material when constructing anode materials for sodium-ion batteries (SIBs) greatly hinders sodium storage behavior. Here, high-penetrating gamma irradiation induces undulating configuration in kapok fibers,...