We study a portfolio selection model based on Kataoka's safety-first criterion (KSF model in short). We assume that the market is complete but without risk-free asset, and that the returns are jointly elliptically distributed. With these assumptions, we provide an explicit analytical optimal...

Concrete inventories for methane emissions and associated embodied emissions in production, consumption, and international trade are presented in this paper for the mainland Chinese economy in 2007 with most recent availability of relevant environmental resources statistics and the input-output...

Deterministic congestion pricing has attracted most attentions in the literature. But little attention has been given to pricing under uncertainty, especially for heterogeneous commuters. In this paper, we investigate congestion externalities by considering commuters’ risk preferences and...

The large-scale wind power development in China has reached a bottleneck of grid integrating capability. As a result, excess wind electricity has to be rejected in the nighttime low demand hours, when the wind power is ramping up. To compensate for the fluctuation of wind power, new coal-fired...

In order to make analysis on consumption structure of rural residents, the paper make a principle component analysis on consumption expenditure per capita of rural residents in different areas of 2009 based on statistics of China statistical yearbook of 2010. Selecting a principal component, the...

As a physical assessment of the sustainability of the China society, presented in this paper is an exergy-based systems account for resources use and environmental emissions of the China society in 2006 as the most recent year with statistics availability. Exergy analysis is applied to elucidate...

For greenhouse gas (GHG) emissions by the Chinese economy in 2007 with the most recent statistics availability, a concrete inventory covering CO2, CH4, and N2O is composed and associated with an input-output analysis to reveal the emission embodiment in final consumption and international trade....

For the Chinese industry as the mainstay of the national economy and dominant energy user and carbon emitter, an integrative assessment is performed from major energy policy perspectives of energy security, energy efficiency and carbon emission. Extensive systems indicators, including oil...