A significant loss of the treatment efficiency induced by Cl− is a well-recognized drawback of the SO4•‒-based AOPs and various mathematical model have been established to achieve quantitative predication of the treatment efficiency of SO4•‒-based AOPs at different levels of Cl−....

Exploiting a policy-induced variation in asset liquidation value, we evaluate how changes in lenders’ ability to liquidate collateral affect non-mortgage credit provision in the context of personal loan application. The housing policy increases the probability of loans being granted by 6.5%....

Does death teach us wisdom or defy the power of reason? Our paper aims to explore this fundamental question by examining investors’ decision framing in their account-level trading on the National Stock Exchange of India during the early pandemic period. We find that the first reported local...

Using account-level administrative data set from a large U.S. financial institution, we assess the impact on consumption and debt repayment of a credit card incentive program that offers cash-back rewards for usage. Using a generalized difference-in-differences design, we find that the program...

Despite the popular emergence of online property brokerage platforms in the second-hand housing market, little is known about whether and how these platforms would influence the market, especially in terms of housing price. We thus assemble and analyze data from multiple sources about the entry...

This study attempts to examine the impact of air pollution on inventor mobility. Specifically, we find that the number of polluting facilities surrounding inventors’ workplaces significantly affects their mobility. To establish causality, we introduce the NOx Budget Trading Program of 2003 as...

Households are one of the key participants in the economy as they provide land, labor, and capital to the external economy, in exchange for incomes including rents, wages, interests, and profits; the incomes are then utilized to buy goods and services from the external economy again, rendering...

Motivated by a widely observed phenomenon in China that female college students outperform male students in economics and most of social science subjects, this paper examines gender differences in student performance in the intermediate microeconomics course in China. In stark contrast to what...