In this paper we discuss the optimal liquidation over a finite time horizon until the exit time. The drift and diffusion terms of the asset price are general functions depending on all variables including control and market regime. There is also a local nonlinear transaction cost associated to...

Overconfidence is a common psychological phenomenon that exhibits gender differences. This paper uses a novel laboratory experiment to demonstrate not only that men are more confident than women in degree but also that men and women have different sources of overconfidence. Men are more...

In Chinese culture, the zodiac year of one’s birth is often associated with bad luck. This astrological superstition dates back more than two thousand years and is still prevalent in modern Chinese society. Using novel experimental techniques, we find evidence suggesting that people in China...

In recent years, the impacts of climate change and socioeconomic development on the water-energy-food nexus have been a hot topic. Forecasting future food and energy production and water withdrawal trends under a range of climate and socio-economic scenarios is a critical step for formulating...

Superstition has a wide range of impacts on economic decisions such as investment, career choice and insurance purchase. Taking the Chinese zodiac year as an example, we apply experimental methods to study two important channels through which superstition affects subjects’ economic decisions....

Previous studies have extensively confirmed that superstition has a wide range of impacts on economically consequential decisions. The underlying mechanisms, however, remain largely unexplored. In particular, superstitions can influence either people’s endogenous risk preferences or subjective...

This study evaluates the link between human capital, energy consumption, and economic growth using data for the Chinese economy from 1971 to 2018. To test the cointegration relationship between disaggregated energy, human capital, and economic growth, a bounds testing approach is applied by...

This paper explores the relationship between ‘public-private partnerships investment in energy sector and carbon emissions’ considering the vital role of technological innovations in carbon emissions function for China. In doing so, we apply bootstrapping autoregressive distributed lag...

This special edition is based on the annual conference of Sustainable Asia Conference (http://abf.inha.ac.kr/). The purpose of the conference is to work together for our future challenges. Every year more than 50 papers are presented in the conference and published in the special edition of...

Energy resources are an important material foundation for the survival and development of human society, and the relationship between energy and economy is interactive and complementary. This paper analyzes the energy consumption–economic growth nexus in Chinese provinces using novel and...