This article investigates changes in the transportation sector in Shanghai between 2000 and 2010 and the implications of this on transportation energy consumption and energy efficiency. The results show that from 2000 to 2010: (1) the traffic energy consumption increased from 597.96 million tons...

In this paper we discuss the optimal liquidation over a finite time horizon until the exit time. The drift and diffusion terms of the asset price are general functions depending on all variables including control and market regime. There is also a local nonlinear transaction cost associated to...