Purpose: This paper discussed possible ways of implementing effective energy conservation and GHG emission reduction measures by providing: the forecasts of mid-to-long term citywide carbon emission rate; and the analysis of potential low-carbon transport solutions. Design/methodology/approach:...

We study identification and estimation in first-price auctions with risk-averse bidders and selective entry, building on a flexible entry and bidding framework we call the Affiliated Signal with Risk Aversion (AS-RA) model. This framework extends the AS model of Gentry and Li (2014) to...