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Articles ( Showing 1-20 of 11 items)
Searched for: [ Keywords: "Equilibrium strategy" ] clear all
Journal Article
Asymmetric efficiency of cryptocurrencies during the 2020 and 2022 events
by Mariana Chambino , Rui Manuel Teixeira Dias  and  Nicole Rebolo Horta
Abstract
In this study, we examined the efficiency of cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), DASH, EOS, and MONERO from March 1, 2018, to March 1, 2023. We separated the sample into four subperiods for this purpose: a Tranquil period that includes the period from March 1, 2018, to December 31, 2019; a First Wave that includes the year 2020; a Secon [...] Read more

Journal Article
Protection in DRM and pricing strategies for digital products considering quality degradation
by Linlan Zhang  and  Yu Zhang
Abstract
In this paper, we develop a model in which a monopolistic firm manufactures and sells a digital product, by incorporating digital rights management (DRM), quality degradation of pirated products, and government copyright enforcement into the consumer’s utility function. We determine the monopolist’s optimal pricing strategies and the appropriate DRM protection level [...] Read more

Journal Article
How Does FDI-Led Growth Strategy Work? Some Lessons from China for Developing Countries
by Kevin H. Zhang
Abstract
Foreign direct investment (FDI) is widely viewed as a key driving force behind China’s exceptional growth performance in the last four decades. This paper investigates several questions posed by China’s success in capturing gains from FDI. What explains that success? Can other countries replicate it, or is it unique to China? What lessons are from China for other co [...] Read more

Journal Article
Vector Error Correction Models with Stationary and Nonstationary Variables
by Pu Chen
Abstract
Vector Error Correction Models (VECM) have become a standard tool in empirical economics for analyzing nonstationary time series data because they integrate two key concepts in economics: equilibrium and dynamic adjustment in a single model. The current standard VECM procedure is limited to time series data with the same degree of integration, i.e., all I(1) variables. However, [...] Read more

Journal Article
Taxes and social instability: How large corporations and wealthy taxpayers hide taxable money?
by Miaba Louise Lompo  and  Marie Madeleine Ouoba
Abstract
Non-compliance with tax obligations, particularly by wealthy taxpayers and large corporations, continues to represent a source of social injustice that fuels social instability, especially in developing countries. Understanding the strategies of tax evasion and avoidance is of critical importance. This article highlights five main strategies used by large corporations and wealt [...] Read more

Journal Article
Estimating the dynamics of fiscal financing in emerging economies
by Krastina Dzhambova
Abstract
I present a theoretical model and an empirical approach for jointly estimating the effectiveness of fiscal policy and the stochastic process of sovereign interest rate shocks. The theoretical model has features relevant to small open and emerging economies. Interest rate shocks affect the ability of firms to finance payroll expenses. This theoretical feature creates a propagati [...] Read more

Journal Article
Navigating the Confluence of Inequality and STEM Equity: An Australian Perspective
by Alicia Liu , Safdar Khan  and  Alexandra Bec
Abstract
This study underscores the chronic issue of gender pay disparity that prevails across different STEM fields and educational qualification levels in Australia. Despite instances where women's incomes may align or even surpass men's, the broader pattern of inequality remains undeniable. The study advocates for targeted strategies to address gender pay gaps, particularly in fields [...] Read more

Journal Article
Spatial dynamic evolution of environmental infrastructure governance in China
by Ke Guo
Abstract
The implementation of environmental protection strategy necessarily requires mapping the amount of capital stock of environmental infrastructure. Through the Weibull distribution function and hyperbolic age-decreasing efficiency model, the provincial environmental infrastructure capital stock in China from 1980 to 2018 is measured cautiously, and its spatial dynamics with the g [...] Read more

Journal Article
Financial returns in reward-based crowdfunding
by Victoria Dobrynskaya  and  Julia Grebennikova
Abstract
We quantify financial returns to backers in reward-based crowdfunding projects on Kickstarter and show that such investments provide profitable opportunities in addition to non-monetary benefits. The average unconditional annualized return is 11.5% and the average return on successful projects is 30%. Hence, backing money near the end of a campaign, when the probability of succ [...] Read more

Journal Article
Artificial Intelligence Techniques in Economic Analysis
by Robertas Damasevicius
Abstract
This paper provides an overview of the existing literature on the use of artificial intelligence (AI) in various fields, including economics, finance, mining, manufacturing, and innovation. The paper identifies the drivers and effects of AI deployment in the context of innovation and highlights the challenges and opportunities that arise from the use of AI. The studies reviewed [...] Read more

Journal Article
Divergences among ESG rating systems: Evidence from financial indexes
by Conghao Zhu  and  Cunyi Yang
Abstract
This paper specifically underscores the disparities among various ESG rating systems in China, highlighting their varied interpretations and emphasis on corporate financial factors. Analyzing data on Chinese listed firms from 2009-2022, we observe that while company size and leverage ratio uniformly correlate with ESG scores across rating agencies such as Bloomberg, Huazheng, W [...] Read more