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The simultaneous production of different outputs (co-products) is observed in the chemical, material, mineral, and semiconductor industries among others. Often, as with microprocessors, the outputs differ in quality in the vertical sense and firms classify the output into different grades...
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This study examines the impact of innovative city pilot policies (ICPP) on urban total factor productivity (TFP) and explores the mediating role of absorptive capacity in the context of innovative cities pilot policies in China. Based on panel data of 281 cities in China during 2006–2018, we...
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We unite investment by speculators and tech-savvy investors with a heterogeneous agent model.While speculators seek to profit from extrapolating the price trends, tech-savvy investors trade based on the prospective value of Bitcoin, which is a function of factors that capture the market demand...
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