We study a monopolistic firm’s various sales strategies to sell a new product to a rationally (in)attentive consumer who can conduct costly learning to resolve valuation uncertainty. Our analysis suggests that the optimal pricing scheme is a two-regime policy, in which the seller quotes a high...

Regulatory policy can create economic and social benefits, but poorly designed or excessive regulation may generate substantial adverse effects on the economy. In this paper, we present measures of sentiment and uncertainty about regulation in the U.S. over time and examine their relationships...

As the world's second and third largest economies, both the People's Republic of China (PRC) and Japan are facing the challenge of energy insecurity. To meet this challenge, both countries are adopting and enhancing renewable energy policy. This research tries to compare the two countries'...

The blue economy or marine economy has become increasingly important for countries not only to generate a new source of growth but also to construct the coexistence between humans and the environment. The People's Republic of China (PRC) has attached great importance to the blue economy since...

Although the MIMIC modeling approach and the MCFA method have been greatly used during the past decade, applied measurement invariance studies using these two methods are still sometimes poorly understood and incorrectly conducted. The objective of the current study was to fully understand how...

This paper introduces the concept of sister models, and proposes a sister model based load forecast combination method to enhance the point forecasting accuracy. Using the data from the Global Energy Forecasting Competition 2014, we create a case study with 4 sister forecasts from 4 sister...

The classical approach to long term load forecasting is often limited to the use of load and weather information occurring with monthly or annual frequency. This low resolution, infrequent data can sometimes lead to inaccurate forecasts. Load forecasters often have a hard time explaining the...

Energy forecasting is one of those areas of great importance to electric grid that gets little attention - even from power industry insiders. But you need to know how to make the best of your forecasting process. Here are 13 tips to get you started.