Pre-drying of lignite before feeding to the boiler is a potential way to increase the net efficiency of lignite-fired power plants. Lignite pre-drying is, however, a high energy consumption process with a high risk of spontaneous ignition. If the lignite is dried at low temperature, the...

In this paper, we discuss the dynamic behavior of networks of dynamic agents with general communication topologies. We first analyze the basic case: systems with communication topologies that have spanning trees, i.e., the systems that solve consensus problems. We establish an algebraic...

This paper studies the morning commute problem under “tactical waiting”, a phenomenon observable under situations when sudden drops in travel costs are present. Under such situations, travelers may find it advantageous to delay reaching the bottleneck by slowing down or waiting beside, even...

We demonstrate the efficiency and effectiveness of a tradable credit system in managing the morning commute congestion with identical and nonidentical commuters. The credit system consists of a time-varying credit charged at the bottleneck and an initial credit distribution to the commuters,...

Lignite is a kind of low rank coal with high moisture content and low net heating value, which is mainly used for electric power generation. However, the thermal efficiency of power plants firing lignite directly is very low. Pre-drying is a proactive option, dehydrating raw lignite to raise its...

This paper evaluates the fundamental efficiency of stock market valuations in China. Utilizing a panel data set constructed by the author of all Chinese listed firms for the 1992-1999 period, this study finds that stock valuations in China deviate significantly from underlying firm-level...

During the 1990s, the Chinese government increasingly relied on the stock market as the major tool for state-owned enterprise (SOE) reform and for the allocation of investment resources. This paper investigates the impact of stock market development in China on firm-level capital investment by...

Given the extensive discussion of China's air pollution and urban income inequality problems, relatively little attention has been paid to any relationship which may exist between the two. This paper seeks to do so, by exploring the existence of environmental equity in China. Specifically, we...

In this paper, we first add to what is a growing literature on the existence and nature of the environmental Kuznets curve (EKC) model for developing countries, by testing for the existence of an EKC for China using a panel data set of city-specific, annual ambient levels of SO2 pollution. We...