This study examined the causal relationship between air pollution and labor productivity, by adopting prison factory data for a perfect measure of labor productivity. To address the endogeneity of air…

To cope with the stricter environmental regulation, manufacturing firms need to carry out pollution reduction activities and change their optimal production decisions, which may affect their labor…

This paper considers estimation of semi-nonparametric GARCH filtered copula models in which the individual time series are modeled by semi-nonparametric GARCH and the joint distributions of the…

The emissions reductions from the adoption of a new transportation technology depend on the emissions from the new technology relative to those from the displaced technology. We evaluate the emissions…

We demonstrate the possibility of conducting synchronous, repeated, multi-game economic decision-making experiments with hundreds of subjects in-person or remotely with live streaming using entirely…

In this study we examine whether and why preferences for environmental quality improvements depend on current quality. We conducted contingent valuation surveys over the course of a year in Nanjing…

We investigate the role of realized volatility in pricing VIX options by using the generalized affine realized volatility (GARV) model, and the Realized generalized autoregressive conditionally…

This paper investigates the time-varying conditional higher moments of the daily returns on WTI crude oil futures, using the GJR-GARCH model with Gram-Charlier expansion (GCE) of normal density. The…

Key Points This paper evaluates the performance of Chinese fisheries management compared to top-performing fisheries in the world. It gives insights into the reforms and policy changes that China is…