1780 papers
This study of Florida's housing market reveals that while significant flood damage often goes unrecorded by appraisers, homes with substantial water exposure still suffer persistent resale price discounts driven by physical damage rather than appraisal flags, and the absence of a flagged write-down does not guarantee a property remained dry.
This study quantifies the significant scientific and financial consequences of delayed quality signals in scholarly publishing, revealing that journal discontinuations for quality issues often occur after substantial publication and financial commitments have accumulated, with publication outputs subsequently plummeting by nearly 80% within five years and exposing institutions to tens of millions of dollars in article-processing charges.
This paper presents a heterogeneous-agent model demonstrating how the interaction between gambler's fallacy-driven contrarian traders and hot-hand fallacy-driven momentum traders, alongside fundamentalists with limited risk capacity, generates asset price bubbles, crashes, and trading volume patterns that can be analytically characterized by a unique steady state and a stability coefficient.
This study reveals that China's "Made in China 2025" industrial policy induces non-targeted firms to opportunistically redirect innovation toward favored sectors to attract acquisitions and secure political capital, a strategy driven by financial distress and official promotion incentives that ultimately results in lower-quality patents and reduced efficiency.
Using an agent-based model of the A-share market, this paper demonstrates that while market forces alone weakly penalize the gap between firms' AI narratives and actual implementation, a regulatory combination of repeat-offender escalation and targeted enforcement is most effective at curbing such decoupling, whereas mechanisms like short selling and simple disclosure labels prove ineffective.
This empirical study analyzes the 2020–2026 impact of introducing a 0.40% Merchant Discount Rate on large UPI transactions in India, finding that while the fee alleviates infrastructure funding gaps, it creates inelastic demand among micro-merchants, drives mid-tier merchants toward cash or ticket-splitting, and consolidates market power among dominant payment providers, thereby necessitating calibrated regulatory interventions.
This study empirically identifies consumer behavior, energy costs, market supply and demand, and environmental policies as the core factors influencing virtual power plant pricing mechanisms, demonstrating their significant positive impact on distributed energy promotion and efficiency while highlighting the regulatory roles of policy support and technology compatibility.
This paper demonstrates that human players in repeated matching-pennies games maintain a unique combination of high policy entropy and opponent-responsive behavior that standard reinforcement learning models fail to reproduce, whereas only self-tuning Experience-Weighted Attraction (EWA) successfully captures this dual signature.
This study analyzes 2,134 firm-year observations across six ASEAN countries to demonstrate that while ESG performance positively impacts financial performance, this relationship is weakened by financial slack and strengthened by regulatory compliance, highlighting the contingent nature of ESG value creation on internal resources and external institutional pressures.
This study utilizes a multiple time point double difference model on Chinese data from 2008 to 2024 to demonstrate that while low-carbon pilot policies significantly reduce carbon emissions and boost overall employment, they simultaneously create a "just transition" challenge by favoring high-skilled workers and specific sectors while negatively impacting low-skilled labor, old enterprises, and high-carbon industries.