We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...

The environmental Kuznets curve hypothesis is a theory by which the relationship between per capita GDP and per capita pollutant emissions has an inverted U shape. This implies that, past a certain point, economic growth may actually be profitable for environmental quality. Most studies on this...

According to the environmental Kuznets curve hypothesis, the relationship between per-capita GDP and per-capita pollutant emissions has an inverted-U shape. This implies that, past a certain point, economic growth may actually be profitable for environmental quality. Most studies on this subject...

Nous utilisons un modèle LSTVAR (Logistic Smooth transition Vector Auto Regression) pour questionner la présence d’une relation asymétrique entre la variation du prix du pétrole et les rendements de l’indice SP 500. Les tests statistiques nous ont confortés dans l’utilisation du...

In this research paper, we explored using the trust region method to solve the logit-based SUE problem. We proposed a modified trust region Newton (MTRN) algorithm for this problem. When solving the trust region SUE subproblem, we showed that applying the well-known Steihaug-Toint method is...

This article revisits the validity of the Environmental Kuznets Curve hypothesis. Based on data for seven pollutants in 29 Chinese provinces from 1995 to 2010, we conducted statistical tests on the coefficients of the critical variables (polynomial income-related terms) by following the logic of...

This paper proposes a combination of trial-and-error congestion pricing schemes that have been studied in the literature. It not only considers the minimization of the total system cost but also addresses the capacity constraints. A two-level iteration method is proposed for solving the hybrid...

In this paper, we use a 16 manufacturing-sector single-country linked input-output model to calculate the balance of emissions (carbon) embodied in trade (BEET) and pollution terms of trade (PTT) for China's international trade with the entire world and with its principal trade partners (Japan,...