Media discourse reflects and shapes social and public opinion, which is crucial to the policy-making and energy system deployment. In this study, we focus on exploring the impact of media discourse on social perceptions towards biomass energy utilization in the different economic areas of China...

In this paper, we analyze a recent antitrust case of abuse of dominance decided by a Chinese administrative enforcement agency under China’s Anti-Monopoly Law (“AML”). A key issue in this case involves the impact of loyalty rebate programs used by a dominant firm. We provide an overview of...

Research in both economics and psychology suggests that, when agents predict the next value of a random series, they frequently exhibit two types of biases, which are called the gambler's fallacy (GF) and the hot hand fallacy (HHF). The gambler's fallacy is to expect a negative correlation in a...

Estimating trading costs in the absence of recorded data is a problem that continues to puzzle financial market researchers. We address this challenge by introducing two low frequency bid-ask spread estimators using daily high and low transaction prices. The range of mid-prices is an increasing...

Trust is a key dimension in the principal-agent relationship and it has been studied extensively. However, the dynamics, evolution, and intrinsic motivation and mechanisms have received less attention. This paper investigates the intrinsic motivation of trust and it proposes a theoretical model...