We propose a dynamic industry equilibrium model for Bitcoin electricity consumption in a general framework, including Bitcoin miners’ optimal entry and exit with technology innovation. By adopting average operating costs as an approximation to the true operating costs, we overcome the...

Jiangsu is one of the most developed regions in China. Its’ urbanization rate increased to 61.9 % in 2011, faster than the whole country level (51.27 %). Exploring the influence of urbanization on energy consumption in Jiangsu may help find the relationship between energy consumption and...

As one of the largest energy consumer in the world, China has been facing great pressure to guarantee energy supply security. Investigating the driving forces dominating China energy consumption levels and their evolution may help to institute energy saving policy. Nowadays, the LMDI...