Demand for electricity in China kept accelerating in recent years; moreover, there exist serious mismatches among the distribution of power demand, energy resources, and power generation infrastructure across different regions in China, both of which indicate a necessity of a holistic and...

The invulnerability or robustness of complex networks against cascading failures under critical node failures is of great realistic meaning. Inspired by other related works, we propose a renewed cascading failure model which should be more suitable for real networks. In this model, the initial...

In this paper, we consider the Cauchy problem of semi-linear degenerate backward stochastic partial differential equations (BSPDEs) under general settings without technical assumptions on the coefficients. For the solution of semi-linear degenerate BSPDE, we first give a proof for its existence...

This paper employs two stage data envelopment analysis (DEA) to investigate the efficiency effects of removing trade barriers on banking performance for a sample of Asian developing economies over the period 1997-2006. First, the DEA is employed to estimate the efficiency scores of banks. After...

Backward stochastic partial differential equations of parabolic type with variable coefficients are considered in the whole Euclidean space. Improved existence and uniqueness results are given in the Sobolev space Hn () under weaker assumptions than those used by X. Zhou [X. Zhou, A duality...

The goal of this paper is to prove a result conjectured in F\"ollmer and Schachermayer [FS07], even in slightly more general form. Suppose that S is a continuous semimartingale and satisfies a large deviations estimate; this is a particular growth condition on the mean-variance tradeoff process...

This article analyses the relationship between culture and higher education in China with the help of the popular word 'zhuangbility', defined as a deliberate misleading during communication. Thus, a cost exists for searching for true information, which for many Chinese is too high, thus,...

type="main" <p>A firm surveys a large number of consumers, some of whom sincerely report their tastes and others of whom report strategically. It makes product decisions using the sample mean of survey responses. When firms and consumers agree on the fraction of sincere consumers, information loss...</p>

We model the relationship between an entrepreneur's monitoring of a manager's performance and the entrepreneur's choice of the firm's financial disclosure policy. The environment is characterized by incomplete contracting and the presence of informed traders. We show that the entrepreneur may...