This paper develops a model of the credit market where the equilibrium lending mechanism, as well as the economy's aggregate investment and output, are endogenously determined. It focuses on two crucial elements. One is the micro theory of optimal lending mechanism. Instead of imposing a...

To address how technological progress in financial intermediation affects the economy, a costly-state verification framework is embedded into the standard growth model. The framework has two novel ingredients. First, firms differ in the risk/return combinations that they offer. Second, the...

Superhydrophobic materials with surface drying, self-cleaning, and antibiological pollution characters are broadly used in biotechnology, medicine, and shipbuilding sectors. In this paper, micro-nano silica is modified using a silane-based coupling agent. An organosilicon compound is grafted to...

Extracting lithium electrochemically from seawater has the potential to resolve any future lithium shortage. However, electrochemical extraction only functions efficiently in high lithium concentration solutions. Herein, we discovered that lithium extraction is temperature and concentration...

Increasing the operating voltage of Ni-rich cathode materials is a highly promising route to achieve lithium-ion batteries with a high energy density. However, the unstable electrode-electrolyte interface (EEI) caused by the decomposition of carbonate-based electrolytes at high voltage is a...

Abstract: One of the major issues in flow assurance includes pipeline plugging due to gas hydrate formation and deposition,which makes it imperative to look for appropriate hydrate control strategies. In this study, a high-pressure visual flow loop was used to analyze the influence of different...