Energy Transition towards a low-carbon emission energy system has been a long-term strategy for Germany and China. Both countries are expected to take the lead on the global effort to achieve clean energy and greenhouse gas emissions reduction. Although Germany and China have different...

How do real-time expectations affect firms' economic decisions? We provide evidence by using a dataset on Japanese multinational firms' sales forecasts and exploring an unexpected escalation of a territorial dispute between China and Japan in 2012. Our estimation substantiates that, after the...

Homeownership, a symbol of the American dream, is one of the primary ways through which families accumulate wealth, particularly for blacks and Hispanics. Surprisingly, no study has explicitly documented the segregation of minority owners and renters from whites. Using data from Census 2000,...

In order to protect brokers from customer defaults in a volatile market, an active margin system is proposed for the transactions of margin lending in China. The probability of negative return under the condition that collaterals are liquidated in a falling market is used to measure the risk...

The majority of recommender systems are designed to recommend items (such as movies and products) to users. We focus on the problem of recommending buyers to sellers which comes with new challenges: (1) constraints on the number of recommendations buyers are part of before they become...

The purpose of this study was to examine associations between consumer financial capability and financial satisfaction. Consumer financial capability was measured by three sets of variables, perceived financial capability, financial literacy, and financial behavior. Using data from the 2009 US...

This article explores the dynamic and the results of efforts by citizens to resist the costs passed onto them by public-private partnerships for infrastructure, through examining citizen engagement in two problematic projects in Taiwan and China. In both cases, the design and procurement phase...

Using data that represent the six-digit North American Industrial Classification System-classified industries that comprise the US manufacturing sector and that span the years 1989–2005, we test the validity of the smooth adjustment hypothesis (SAH). To our knowledge, this is the first...

While land serves numerous societal functions and contributes to sustainable development, it is often unclear how these functions are affected by political decisions and common drivers of land use change, such as economic development, climate change and demographic change. This study evaluates...

This study is an overview of the effectiveness and institutional challenges of China’s Sloping Land Conversion Program (SLCP). The SLCP is the Chinese government’s largest Payment for Ecosystem Services (PES) program and one of the largest PES programs in the world. From an institutional...