Indirect investor protection (Spamann 2022) makes investment in most public securities safe even without understanding their terms or the underlying business. SPACs disable this protection by offering two alternative payoffs from the same security, the SPAC share, in the de-SPAC: the redemption...

Slow global economic growth, frequent fluctuations in international financial markets, and increasing wealth disparity have become common concerns facing the globe. Risk prevention and stable economic growth have become the basic requirements for high-quality economic development, and...

Based on the advance-retreat course model, a growth model under environmental pressure, this paper builds an economic growth model that focuses on the aggregation of capital and innovation with environmental pressure. Importantly, the paper presents methods for computing the optimal quantity of...

Based on the Partial Distribution (Feng Dai, 2001), a new model to price an asset (MPA) is given. Going a step further, this paper puts forward the Multivariate Partial Distribution (MPD) for the first time. By use of MPD, we could gain a new kind of model for pricing the group assets (MPGA), in...

In this paper, the Partial Distribution (PD) and multivariate Partial Distribution (MPD) are presented in their concepts, properties and applications, and PD is compared with the lognormal and the levy distribution. Though the levy distribution is better to describe the exchange returns in...

Taking the environmental pressure into account, the paper presents the concept and analytic model of stochastic advance-retreat course (SARC) to study socio-economic development. Based on SARC model, we can describe and analyze the features of process and stages of socio-economic development....

This paper puts forward the concept and analytic expression of the environmental pressure index (EPI) for discovering and warning an economic crisis. Empirical researches show, EPI can effectively indicate that the economic crisis occurs or will occur. It is worth noting, EPI can also be applied...

Shared autonomous vehicles (SAVs) are expected to be an essential component in developing efficient and sustainable transportation systems. This paper focuses on optimizing the operational decisions of SAV systems when the mode choices between SAVs and human-driven private vehicles are...

Stating from the intrinsic characteristics of macroeconomic process, this paper puts forward the concept of developwer and its theoretical frame. The developwer is the potential and invisible motivities to push economy to progress. By means of the developower theory, we can explain some...