In the digital economy, innovators have to deal with the value-capture problem, which necessitates different capabilities. They need to be fully aware of the dynamics of platforms and ecosystems. Such capabilities are needed to enable technologies mainly focused on in the present study. The...

This paper aims to understand whether and how poverty aversion and inequality aversion affect the criminal behaviors. We analyze the relationship between the three variables through a theoretical model and an empirical model. The panel data of 27 provincial-level regions in China were collected...

In this paper, models for short- and long-term prediction of wind farm power are discussed. The models are built using weather forecasting data generated at different time scales and horizons. The maximum forecast length of the short-term prediction model is 12 h, and the maximum forecast length...

The Environmental Protection Tax Law of the People’s Republic of China, passed in 2016, replaced the pollution discharge fee. The switch from pollution discharge fee to environmental protection tax (SFTT) has not changed the tax burden but has turned a management regulation into law, which...

This paper aims to understand whether and how poverty aversion and inequality aversion affect the criminal behaviors. We analyze the relationship between the three variables through a theoretical model and an empirical model. The panel data of 27 provincial-level regions in China were collected...

Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation that allows for the simultaneity in price...

This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profit-maximization objective to their...

Firms in socialist and transitional economies are often obliged to provide a social good in addition to a private good, which makes it difficult for a government to commit not to bail out the firm once it is in financial trouble. This creates a soft budget constraint syndrome which causes the...

Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation that allows for the simultaneity in price...