Existing techno-economic analyses of modern coal chemical technologies (MCCTs) neglect water constraints, which may underestimate the production cost of MCCTs and thus mislead investment activities. Considering this background, this study incorporated water scarcity and indirect water cost into...

Operational optimization models are one of the main streams in modeling energy systems. Agent-based modeling and simulation seem to be another approach getting popular in this field. In either optimization or agent-based modeling practices, technological change in energy systems is a very...

Bank runs are always associated with economy failure and investor panic in the literature. This paper explores the relationship between technology innovation and bank runs in a general equilibrium model. Intuitively, in a stable economy, which says no technology innovation, the return of capital...