经济学最新文献_第10页

Public policies on circular economy: A systematic review 循环经济公共政策：系统回顾

IF 6.6 2区经济学

Ecological Economics Pub Date : 2024-11-12 DOI: 10.1016/j.ecolecon.2024.108452

Riccardo Losa

引用次数: 0

Comonotonicity and Pareto optimality, with application to collaborative insurance 协调性和帕累托最优性，适用于合作保险

IF 1.9 2区经济学

Insurance Mathematics & Economics Pub Date : 2024-11-12 DOI: 10.1016/j.insmatheco.2024.11.001

Michel Denuit , Jan Dhaene , Mario Ghossoub , Christian Y. Robert

{"title":"Comonotonicity and Pareto optimality, with application to collaborative insurance","authors":"Michel Denuit , Jan Dhaene , Mario Ghossoub , Christian Y. Robert","doi":"10.1016/j.insmatheco.2024.11.001","DOIUrl":"10.1016/j.insmatheco.2024.11.001","url":null,"abstract":"<div><div>Two by-now folkloric results in the theory of risk sharing are that (i) any feasible allocation is convex-order-dominated by a comonotonic allocation; and (ii) an allocation is Pareto optimal for the convex order if and only if it is comonotonic. Here, comonotonicity corresponds to the so-called <em>no-sabotage condition</em>, which aligns the interests of all parties involved. Several proofs of these two results have been provided in the literature, all based on a version of the comonotonic improvement algorithm of <span><span>Landsberger and Meilijson (1994)</span></span> and a limit argument based on the Martingale Convergence Theorem. However, no proof of (i) is explicit enough to allow for an easy algorithmic implementation in practice; and no proof of (ii) provides a closed-form characterization of Pareto optima. In addition, while all of the existing proofs of (i) are provided only for the case of a two-agent economy with the observation that they can be easily extended beyond two agents, such an extension is far from being trivial in the context of the algorithm of <span><span>Landsberger and Meilijson (1994)</span></span> and it has never been explicitly implemented. In this paper, we provide novel proofs of these foundational results. Our proof of (i) is based on the theory of majorization and an extension of a result of <span><span>Lorentz and Shimogaki (1968)</span></span>, which allows us to provide an explicit algorithmic construction that can be easily implemented beyond the case of two agents. In addition, our proof of (ii) leads to a crisp closed-form characterization of Pareto-optimal allocations in terms of <em>α</em>-quantiles (mixed quantiles). An application to peer-to-peer insurance, or collaborative insurance, illustrates the relevance of these results.</div></div>","PeriodicalId":54974,"journal":{"name":"Insurance Mathematics & Economics","volume":"120 ","pages":"Pages 1-16"},"PeriodicalIF":1.9,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142662502","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Understanding public acceptance amidst controversy and ignorance: The case of industrial Carbon Capture and Storage in Germany 在争议和无知中了解公众的接受程度：德国工业碳捕集与封存案例

IF 6.9 2区经济学

Energy Research & Social Science Pub Date : 2024-11-12 DOI: 10.1016/j.erss.2024.103838

Felix Große-Kreul , Laura Altstadt , Aileen Reichmann , Nora Weber , Katja Witte

{"title":"Understanding public acceptance amidst controversy and ignorance: The case of industrial Carbon Capture and Storage in Germany","authors":"Felix Große-Kreul , Laura Altstadt , Aileen Reichmann , Nora Weber , Katja Witte","doi":"10.1016/j.erss.2024.103838","DOIUrl":"10.1016/j.erss.2024.103838","url":null,"abstract":"<div><div>Carbon capture and storage technologies (CCS) are being discussed and tested in different countries to reduce industrial emissions. Public opinion about industrial CCS (iCCS) can be a key factor in whether it will be implemented. Yet, measuring public acceptance of CCS is a challenge: on the one hand, the use of CCS is the subject of intense and controversial political debate. On the other hand, a majority of people is still not aware of it. Thus, prior research has used informed choice questionnaires or experimental study designs to measure <em>ad-hoc informed</em> or <em>spontaneous</em> <em>opinions</em>. In this paper, we propose a new approach to measure public opinion, including only respondents with stated prior knowledge about iCCS. Based on a quantitative survey in Germany (<em>n</em> = 1845), three questions are examined: do the results support our new approach to measure public opinion about iCCS? To what extent is there acceptance of iCCS and what factors influence acceptance in Germany? And what are implications for both the national political level and for the local deployment of iCCS? Results from the regression analysis show that five attitudes influence the general acceptance of iCCS in Germany: <em>perceived local risks of climate change</em>, <em>advantages outweigh disadvantages</em>, arguments about <em>unavoidable emissions</em> and about <em>iCCS as a bridge technology</em>, and the <em>acceptance of local storage</em>. Furthermore, descriptive results show high levels of associated risks with the transportation of CO<sub>2</sub> and lacking trust in relevant stakeholders for iCCS deployment (industry and energy utilities).</div></div>","PeriodicalId":48384,"journal":{"name":"Energy Research & Social Science","volume":"118 ","pages":"Article 103838"},"PeriodicalIF":6.9,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Expecting less in hard times: How the state of the economy influences students’ educational expectations 困难时期期望值降低：经济状况如何影响学生的教育期望

IF 1.8 3区经济学

Economics of Education Review Pub Date : 2024-11-12 DOI: 10.1016/j.econedurev.2024.102606

Jessica L. Arnup , Nicole Black , David W. Johnston

引用次数: 0

Enlarged scars: The effects of economic policy uncertainty on electricity accessibility and urban-rural disparity 扩大的伤疤经济政策的不确定性对电力可及性和城乡差别的影响

IF 3.8 3区经济学

Utilities Policy Pub Date : 2024-11-12 DOI: 10.1016/j.jup.2024.101852

Congyu Zhao , Xuan Zhai , Miaomiao Tao , Shuai Che

{"title":"Enlarged scars: The effects of economic policy uncertainty on electricity accessibility and urban-rural disparity","authors":"Congyu Zhao , Xuan Zhai , Miaomiao Tao , Shuai Che","doi":"10.1016/j.jup.2024.101852","DOIUrl":"10.1016/j.jup.2024.101852","url":null,"abstract":"<div><div>Using a comprehensive dataset spanning 22 countries from 2000 to 2020, this study investigates the influence of economic policy uncertainty on electricity accessibility and the urban-rural gap in accessibility, employing a fixed-effect model. Our research provides several new contributions to the existing body of knowledge. First, heightened economic policy uncertainty is linked to reduced electricity access in both urban and rural areas, and it also correlates with an increase in the disparity between these regions. Second, the relationship between economic policy uncertainty and electricity access is not uniform across different levels of accessibility. Specifically, a negative relationship is evident when accessibility is low, but this effect becomes insignificant when access levels surpass the median (50th quantile). While the positive association between economic policy uncertainty and the urban-rural gap is present, it does not intensify as the disparity widens. Third, a mechanism analysis reveals that policy uncertainty contributes to government corruption, further hindering electricity access and deepening regional inequalities. The analysis also highlights how economic policy uncertainty can exacerbate corruption, compounding access issues. Finally, green finance emerges as a mitigating factor, alleviating some of the adverse effects of policy uncertainty. These results provide a deeper understanding of the intricate dynamics at play and suggest that carefully crafted policies can help offset the negative consequences of economic policy uncertainty.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"91 ","pages":"Article 101852"},"PeriodicalIF":3.8,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Bankruptcy reform and breakthrough innovation: Evidence from the quasi-experiment in China 破产改革与突破性创新：来自中国准实验的证据

IF 7.4 2区经济学

Finance Research Letters Pub Date : 2024-11-12 DOI: 10.1016/j.frl.2024.106457

Xin Cui , Chunfeng Wang , Tingting Ma

引用次数: 0

The polarisation of Italian metropolitan areas, 2000–2018: structural change, technology and growth 2000-2018 年意大利大都市区的两极分化：结构变化、技术与增长

IF 4.4 2区材料科学

ACS Applied Materials & Interfaces Pub Date : 2024-11-12 DOI: 10.1093/cjres/rsae036

Giuseppe Simone

{"title":"The polarisation of Italian metropolitan areas, 2000–2018: structural change, technology and growth","authors":"Giuseppe Simone","doi":"10.1093/cjres/rsae036","DOIUrl":"https://doi.org/10.1093/cjres/rsae036","url":null,"abstract":"Large cities are a key driver of technological innovation and economic growth. This paper investigates the developments of Italian metropolitan areas, building on insights from economic geography and innovation studies. The key questions to be investigated are the following: (i) Which trajectories of population and economic change can be identified for Italian metropolitan areas? Are we facing a process of economic and technological polarisation that may worsen the country’s imbalances? (ii) What is the role played in such developments by technological and structural change, and in particular by digital technologies and the rise of finance? The empirical analysis investigates the patterns of technological and economic indicators for the period 2000–2018 for 14 Italian metropolitan areas, proxied by their provinces, providing evidence of growing polarisation between Milan, where most positive developments are concentrated, and the other metropolitan zones. Rome has been losing ground in most fields; Venice and Genoa are characterised by industrial decline. Few mid-sized cities show some economic dynamism—including Bologna and Cagliari—while most southern and insular Italian cities increase their gap relative to the performances of leading metropolitan areas.","PeriodicalId":5,"journal":{"name":"ACS Applied Materials & Interfaces","volume":"14 1","pages":""},"PeriodicalIF":4.4,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142601955","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"材料科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The COVID-19 pandemic and feedback trading dynamics: Unveiling global patterns COVID-19 大流行和反馈交易动态：揭示全球模式

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-11-12 DOI: 10.1016/j.ribaf.2024.102638

Chia-Hsien Tang , Yen-Hsien Lee , Chan-Shin Chen , Ya-Ling Huang

引用次数: 0

Common institutional ownership and opportunistic insider selling: Evidence from China 共同机构所有权与内部人机会性抛售：来自中国的证据

IF 4.8 2区经济学

Pacific-Basin Finance Journal Pub Date : 2024-11-12 DOI: 10.1016/j.pacfin.2024.102580

Jingwen Dai , Rong Xu , Tianqi Zhu , Chao Lu

{"title":"Common institutional ownership and opportunistic insider selling: Evidence from China","authors":"Jingwen Dai , Rong Xu , Tianqi Zhu , Chao Lu","doi":"10.1016/j.pacfin.2024.102580","DOIUrl":"10.1016/j.pacfin.2024.102580","url":null,"abstract":"<div><div>We examine the relationship between common institutional ownership and opportunistic insider selling. Using an unbalanced panel of 32,858 firm-year observations of Chinese A-share listed firms from 2007 to 2021, we find that common institutional ownership inhibits opportunistic insider selling, supporting the synergistic governance view. Our evidence indicates that information economies of scale and industry power acquired from shareholding networks enable common owners to exert positive governance effects. Designating directors and officers, voting at shareholders' meetings, and promoting information disclosure are the three essential channels through which common owners perform effective monitoring. Furthermore, the synergistic governance effect is more pronounced in firms with headquarters located in regions with a stronger altruistic culture, better independent director governance, and wider media coverage. Heterogeneity analyses show that non-pressure-sensitive, stable, and transactional common institutional investors effectively inhibit opportunistic insider selling, whereas pressure-sensitive common owners exhibit attenuated effects. Additional tests indicate that common owners significantly reduce the profitability of opportunistic insider trading. Our findings highlight the social attributes and ethical aspects of how common institutional shareholders restricts insider opportunism in emerging markets.</div></div>","PeriodicalId":48074,"journal":{"name":"Pacific-Basin Finance Journal","volume":"88 ","pages":"Article 102580"},"PeriodicalIF":4.8,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142663488","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

GVC participation and carbon emissions – A network analysis 参与全球价值链与碳排放--网络分析

IF 6.6 2区经济学

Ecological Economics Pub Date : 2024-11-12 DOI: 10.1016/j.ecolecon.2024.108450

Matthew Smith , Dimitris Christopoulos

引用次数: 0