Natural disasters (e.g., hurricanes) can cause widespread power outages within distribution networks and interrupted power supply to critical loads (e.g., grocery stores, hospitals, gas, fire, and police stations) that provide utility services. Microgrids are localized power grids that can...

This paper investigates the influence of information asymmetry on the cross-sectional variation of volume-return relation. We find that the dynamic volume-return relation within medium-size trades has the most significant response to the degree of information asymmetry. We also show that the...

As quasi 2D semiconductors, bismuth oxychalcogenides (Bi 2 O 2 X, X = S, Se, Te) have recently attracted increasing attention due to their unique structure, exceptional air stability, and high electron mobility, which make them very promising candidates for the development of high-performance...

Recent studies show that significant historical events, particularly the slave trade, had an impact on contemporary African economies. The transmission mechanisms, however, are not well established. The purpose of the present paper is to consider two such transmission mechanisms, notably...

The present paper assesses the interactions between innovation and economic institutions within the context of the inequality-growth nexus. By carrying out fixed effects estimations on a cross-country panel, we find that both institutional quality and innovations improve economic growth at the...

We consider preventive transshipments between two stores in a decentralized system with two demand subperiods. Replenishment orders are made before the first subperiod, and the stores may make transshipments to one another between the subperiods. We prove that the transshipment decision has a...

To effectively enforce a given right, the right holder needs to focus on two factors: the first factor concerns ex ante precaution, which means making prohibitive rules that aim at any kind of violations. The second one, more importantly, concerns efficient ex post remedies which compensate the...