In 2005 and 2006, the split-share structure reform converted the nontradable shares of most domestic public firms in China to tradable shares. This conversion imparted a drastic supply shock to the public market. Studying this unique event, we provide direct evidence to support an inelastic...

The past decades have witnessed a dramatic increase in the demand for China’s wood products. However, a fast-growing demand for wood products and limited domestic timber resources has increased China’s dependence on imported wood. As a result, China has grown to be the most important player...

‘Capture Ready’ is a design concept enabling fossil fuel plants to be retrofitted more economically with carbon dioxide capture and storage (CCS) technologies, however financing the cost of capture ready can be problematic, especially in the developing world. We propose that fossil fuel...