The incompatibility of China's economy and finance has to some extent inhibited the development of rural economy. Taking Hubei Province for example,we measure the allocation efficiency of rural financial resources...The incompatibility of China's economy and finance has to some extent inhibited the development of rural economy. Taking Hubei Province for example,we measure the allocation efficiency of rural financial resources from the perspective of agricultural input and output,and use the modern rural financial development theory to set forth some policy recommendations on how to build a new rural financial resource allocation system. Studies have shown that the allocation efficiency of rural financial resources is low in China,and improving the allocation efficiency of rural financial resources is the key to perfecting rural financial environment while increasing financial support for agriculture.展开更多
Unmanned aerial vehicles(UAVs)can be employed as aerial base stations(BSs)due to their high mobility and flexible deployment.This paper focuses on a UAV-assisted wireless network,where users can be scheduled to get ac...Unmanned aerial vehicles(UAVs)can be employed as aerial base stations(BSs)due to their high mobility and flexible deployment.This paper focuses on a UAV-assisted wireless network,where users can be scheduled to get access to either an aerial BS or a terrestrial BS for uplink transmission.In contrast to state-of-the-art designs focusing on the instantaneous cost of the network,this paper aims at minimizing the long-term average transmit power consumed by the users by dynamically optimizing user association and power allocation in each time slot.Such a joint user association scheduling and power allocation problem can be formulated as a Markov decision process(MDP).Unfortunately,solving such an MDP problem with the conventional relative value iteration(RVI)can suffer from the curses of dimensionality,in the presence of a large number of users.As a countermeasure,we propose a distributed RVI algorithm to reduce the dimension of the MDP problem,such that the original problem can be decoupled into multiple solvable small-scale MDP problems.Simulation results reveal that the proposed algorithm can yield lower longterm average transmit power consumption than both the conventional RVI algorithm and a baseline algorithm with myopic policies.展开更多
Global long-term emission reduction targets need well defined options for equitable allocation of greenhouse gas emissions. Scholars from developing countries put forward the concept of equitable per capita cumulative...Global long-term emission reduction targets need well defined options for equitable allocation of greenhouse gas emissions. Scholars from developing countries put forward the concept of equitable per capita cumulative emission rights. There are four possible operational definitions resulting from this concept. These potential options for allocation of emission rights are expressed with mathematical equations. Through simple simulation, this paper reveals the advantages, disadvantages and characteristics of each option.展开更多
The push for renewable energy emphasizes the need for energy storage systems(ESSs)to mitigate the unpre-dictability and variability of these sources,yet challenges such as high investment costs,sporadic utilization,an...The push for renewable energy emphasizes the need for energy storage systems(ESSs)to mitigate the unpre-dictability and variability of these sources,yet challenges such as high investment costs,sporadic utilization,and demand mismatch hinder their broader adoption.In response,shared energy storage systems(SESSs)offer a more cohesive and efficient use of ESS,providing more accessible and cost-effective energy storage solutions to overcome these obstacles.To enhance the profitability of SESSs,this paper designs a multi-time-scale resource allocation strategy based on long-term contracts and real-time rental business models.We initially construct a life cycle cost model for SESS and introduce a method to estimate the degradation costs of multiple battery groups by cycling numbers and depth of discharge within the SESS.Subsequently,we design various long-term contracts from both capacity and energy perspectives,establishing associated models and real-time rental models.Lastly,multi-time-scale resource allocation based on the decomposition of user demand is proposed.Numerical analysis validates that the business model based on long-term contracts excels over models operating solely in the real-time market in economic viability and user satisfaction,effectively reducing battery degradation,and leveraging the aggregation effect for SESS can generate an additional increase of 10.7%in net revenue.展开更多
We analyze data on Chinese non-state-listed firms and find that it is easier for firms with political connections to obtain long-term loans with extended debt maturities than it is for firms without political connecti...We analyze data on Chinese non-state-listed firms and find that it is easier for firms with political connections to obtain long-term loans with extended debt maturities than it is for firms without political connections. Our investigation indicates that this phenomenon is significantly less common with increased media monitoring. Houston et al.(2011) find strong evidence that the state ownership of media is associated with higher levels of bank corruption in China, but our study shows that, to a certain extent, media monitoring can curb corruption.展开更多
基金Supported by Humanities and Social Sciences Project of the Ministry of Education(10YJC790111)
文摘The incompatibility of China's economy and finance has to some extent inhibited the development of rural economy. Taking Hubei Province for example,we measure the allocation efficiency of rural financial resources from the perspective of agricultural input and output,and use the modern rural financial development theory to set forth some policy recommendations on how to build a new rural financial resource allocation system. Studies have shown that the allocation efficiency of rural financial resources is low in China,and improving the allocation efficiency of rural financial resources is the key to perfecting rural financial environment while increasing financial support for agriculture.
基金This work was supported in part by the National Natural Science Foundation of China under Grant 61901216,61631020 and 61827801the Natural Science Foundation of Jiangsu Province under Grant BK20190400+1 种基金the open research fund of National Mobile Communications Research Laboratory,Southeast University(No.2020D08)the Foundation of Graduate Innovation Center in NUAA under Grant No.KFJJ20190408.
文摘Unmanned aerial vehicles(UAVs)can be employed as aerial base stations(BSs)due to their high mobility and flexible deployment.This paper focuses on a UAV-assisted wireless network,where users can be scheduled to get access to either an aerial BS or a terrestrial BS for uplink transmission.In contrast to state-of-the-art designs focusing on the instantaneous cost of the network,this paper aims at minimizing the long-term average transmit power consumed by the users by dynamically optimizing user association and power allocation in each time slot.Such a joint user association scheduling and power allocation problem can be formulated as a Markov decision process(MDP).Unfortunately,solving such an MDP problem with the conventional relative value iteration(RVI)can suffer from the curses of dimensionality,in the presence of a large number of users.As a countermeasure,we propose a distributed RVI algorithm to reduce the dimension of the MDP problem,such that the original problem can be decoupled into multiple solvable small-scale MDP problems.Simulation results reveal that the proposed algorithm can yield lower longterm average transmit power consumption than both the conventional RVI algorithm and a baseline algorithm with myopic policies.
基金supported by the 2009 special study project employing basic scientific research fund of the Academy of Macroeconomic Research of NDRC
文摘Global long-term emission reduction targets need well defined options for equitable allocation of greenhouse gas emissions. Scholars from developing countries put forward the concept of equitable per capita cumulative emission rights. There are four possible operational definitions resulting from this concept. These potential options for allocation of emission rights are expressed with mathematical equations. Through simple simulation, this paper reveals the advantages, disadvantages and characteristics of each option.
基金supported by National Natural Science Foundation of China(No.U2066601).
文摘The push for renewable energy emphasizes the need for energy storage systems(ESSs)to mitigate the unpre-dictability and variability of these sources,yet challenges such as high investment costs,sporadic utilization,and demand mismatch hinder their broader adoption.In response,shared energy storage systems(SESSs)offer a more cohesive and efficient use of ESS,providing more accessible and cost-effective energy storage solutions to overcome these obstacles.To enhance the profitability of SESSs,this paper designs a multi-time-scale resource allocation strategy based on long-term contracts and real-time rental business models.We initially construct a life cycle cost model for SESS and introduce a method to estimate the degradation costs of multiple battery groups by cycling numbers and depth of discharge within the SESS.Subsequently,we design various long-term contracts from both capacity and energy perspectives,establishing associated models and real-time rental models.Lastly,multi-time-scale resource allocation based on the decomposition of user demand is proposed.Numerical analysis validates that the business model based on long-term contracts excels over models operating solely in the real-time market in economic viability and user satisfaction,effectively reducing battery degradation,and leveraging the aggregation effect for SESS can generate an additional increase of 10.7%in net revenue.
基金supported by the Major Project of the National Natural Science Foundation of China(Nos.71372168,71002110,71132004 and 71332004)
文摘We analyze data on Chinese non-state-listed firms and find that it is easier for firms with political connections to obtain long-term loans with extended debt maturities than it is for firms without political connections. Our investigation indicates that this phenomenon is significantly less common with increased media monitoring. Houston et al.(2011) find strong evidence that the state ownership of media is associated with higher levels of bank corruption in China, but our study shows that, to a certain extent, media monitoring can curb corruption.
