We propose an empirical behavioral order-driven (EBOD) model with price limit rules, which consists of an order placement process and an order cancellation process. All the ingredients of the model are determined based on the empirical microscopic regularities in the order flows of stocks traded...

This paper explores the incentives of investment in renewable energy of two utility firms who compete or cooperate under either a cap-and-trade grandfathering mechanism (GM) or benchmarking mechanism (BM). We find that utility firms will invest in renewable energy more under BM than under GM, in...

Purpose - This study examines the impact of college education on incorporated and unincorporated selfemployments. It specifically compares the effects on African Americans and Hispanics with the effects on Whites. Design/methodology/approach - The study sample was drawn from the US Current...

Purpose The game strategies differ when different regions participate in the oil game. Under what circumstances will different participants choose cooperation or sanction strategies? This is the core issue of this paper. Design/methodology/approach Regarding the current and future game behavior...

In the context of the digital economy, empowering firm innovation investment through digital transformation is an important strategy for promoting innovation development in China. This study investigates the effects and mechanisms of digital transformation on firm innovation investment from the...

With the increasing installed capacity of wind power, higher requirements are put forward for the quality of wind power, but the randomness and intermittency of wind power seriously affect its quality and the stability of the power grid. Hydraulic wind power technology replaces the original...

Purpose The purpose of this paper is further leveraging the advantages of the basic socialist economic system and exploring the realistic way of transforming the advantages of the socialist economic system with Chinese characteristics into governance efficacy. At its Fourth Plenary Session, the...