Conventional theory for private information of adverse selection predicts a positive correlation between insurance coverage and ex post risk. This paper shows the opposite in the life insurance market despite the clear evidence of private information on mortality risk. The reason for this...

The volatility of wind power poses great challenges to the operation of power systems. This paper deals with the economic dispatch problems presented by energy storage in wind integrated systems. A policy iteration algorithm for deriving the cost optimal policy of real-time scheduling is...

The LFL (lower flammable limit) and UFL (upper flammable limit) of R1150 were researched experimentally on a self-made test rig according to the Chinese National Standard GB/T12474 under variable temperature and humidity conditions. Results showed that the LFL increased with the decrease of...

An experimental thermophotovoltaic (TPV) system with a cylindrical-geometry radiator was established to test the output performances of modules under different conditions. The results demonstrate that the output performance of a cell module decreases when the combustion power increases because...

Unlike the situation in most developed countries, before the enactment of China's 2006 Bankruptcy Law it was difficult for Chinese-listed companies, which were mostly government owned, to declare bankruptcy. Our analysis of a sample of Chinese financially-distressed companies from 2001 to 2010...

Analyzing the universe of federal environmental regulations in the U.S., we construct a measure of regulations--direct taxes on pollution. Analyzing the universe of firms' investor disclosures, we construct a measure of material environmental concerns--indirect taxes on pollution. These two...