Using a case study about rural Tianjin and Shandong provinces, we try to explain what mechanism affects income inequality in rural areas, especially how rural dual structural transformation leads to the income inequality "inverted-U" Curve in some developed areas in the People's Republic of...

Copyrights create long-lived intellectual property in goods ranging from science, literature, and music to news, film and software. The economic effects of copyright, however, are difficult to identify in modern settings. This article exploits an unintended differential increase in copyright...

This article exploits a differential increase in copyright under the UK Copyright Act of 1814 - in favor of books by dead authors – to examine the influence of longer copyrights on price. Difference-in-differences analyses, which compare changes in the price of books by dead and living...

Full electronic automation in stock exchanges has recently become popular, generating high-frequency intraday data and motivating the development of near real-time price forecasting methods. Machine learning algorithms are widely applied to mid-price stock predictions. Processing raw data as...

We construct an equilibrium term structure model that is robust to economic agent's uncertainty about the true data generating process. The low-dimensional two-factor long-run risk model captures the intuition that an ambiguity averse agent behaves pessimistically by attaching more weight to the...

In this paper, we revisit the problem of search with learning about the price distribution, as introduced by Rothschild (1974). For searchers with Dirichlet priors, we develop a novel characterization of the optimal search behavior. The advantage of our solution relative to the characterization...

Hydrogen vehicles (HVs) are believed to be an effective alternative to fossil fuel vehicles for carbon emission reduction. However, the advantage of HVs highly depends on the carbon emissions in the process of hydrogen production. In this paper, a novel two-milestone collaborative planning model...

Based on the computable general equilibrium (CGE) modelling method, this research analyzes the relationship between industrial structure and land use structure in China. The results show that our model is feasible, and the simulation results are of a certain stability. Under the scenario...