In May 2023, the EU formally adopted the Carbon Border Adjustment Mechanism (CBAM) bill, which requires that from 2026 onwards, high-carbon imports must use the appropriate Carbon Border Adjustment Mechanism (CBAM) certificates. At the initial stage, the mechanism has gradually covered eight...

The past few years have witnessed the great success of recommender systems, which can significantly help users to find out personalized items for them from the information era. One of the widest applied recommendation methods is the Matrix Factorization (MF). However, most of the researches on...

We examine the distribution characteristics of stock market liquidity by employing the generalized additive models for location, scale and shape (GAMLSS) model and three-minute frequency data from Chinese stock markets. We find that the BCPE distribution within the GAMLSS framework fits the...

We propose a framework to study the optimal liquidation strategy in a limit order book for large-tick stocks, with the spread equal to one tick. All order book events (market orders, limit orders and cancellations) occur according to independent Poisson processes, with parameters depending on...

We investigate the endogenous pool formation of three patents and the associated welfare effect in a framework à la Lerner and Tirole (2004), by using the notion of equilibrium binding agreements (Ray and Vohra 1997). We show that, when three-patent combination is synergistic, the complete pool...

Developing cost-effective platinum group materials (PGM)-free cathode catalysts for the oxygen reduction reaction (ORR) to replace the state-of-the-art noble metal is essential for the commercialization of microbial fuel cells (MFCs). Fe-N-C catalysts are regarded as one of promising candidates...