This paper develops price and low-carbon competition models between one socially responsible manufacturer (RM) and one ordinary manufacturer (OM). We investigate how manufacturers' low-carbon behaviors are affected by factors such as consumers' low-carbon preference, the cap-and-trade regulation...

We find that Chinese consumers responded strongly to government restrictions during the COVID-19 crisis. Our event-study framework shows that emergency declarations raised average food prices by as much as 7.8 standard deviations of the price change distribution, with a much larger effect on...