scholarly journals Dynamic tail dependence on China's carbon market and EU carbon market

2021 ◽  
Vol 1 (4) ◽  
pp. 393-407
Author(s):  
Juan Meng ◽  
◽  
Sisi Hu ◽  
Bin Mo ◽  

<abstract> <p>This study explores the dynamic relationship between the European carbon emission price (EUA) and the Shenzhen carbon emission price (SZA) in the time and frequency domain. Since they represent major carbon emission rights prices in the markets, they show a close correlation and tail correlation between them. Given the current global implementation to reduce carbon economy and China's implementation of a dual-carbon policy, it is of great value to explore the dynamic relationship between the two major carbon markets. Firstly, this paper uses a wavelet method to decompose the returned sequence into different frequency components to certify the dependent construction under different time scales. Secondly, this paper uses a wide range of static and time-varying link functions to describe the tail-dependent. The empirical results show that under different time scales, the dependence construction between EUA and SZA has significant time variation. The results of this study have important policy implications for understanding the transmission of carbon prices between different markets, as well as for investors and policy makers.</p> </abstract>

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Piergiorgio Castioni ◽  
Riccardo Gallotti ◽  
Manlio De Domenico

AbstractThe spread of an infectious disease is well approximated by metapopulation networks connected by human mobility flow and upon which an epidemiological model is defined. In order to account for travel restrictions or cancellation we introduce a model with a parameter that explicitly indicates the ratio between the time scales of the intervening processes. We study the critical properties of the epidemic process and its dependence on such a parameter. We find that the critical threshold separating the absorbing state from the active state depends on the scale parameter and exhibits a critical behavior itself: a metacritical point – a critical value in the curve of critical points – reflected in the behavior of the attack rate measured for a wide range of empirical metapopulation systems. Our results have potential policy implications, since they establish a non-trivial critical behavior between temporal scales of reaction (epidemic spread) and diffusion (human mobility) processes.


Author(s):  
Joshua M. Epstein

This part describes the agent-based and computational model for Agent_Zero and demonstrates its capacity for generative minimalism. It first explains the replicability of the model before offering an interpretation of the model by imagining a guerilla war like Vietnam, Afghanistan, or Iraq, where events transpire on a 2-D population of contiguous yellow patches. Each patch is occupied by a single stationary indigenous agent, which has two possible states: inactive and active. The discussion then turns to Agent_Zero's affective component and an elementary type of bounded rationality, as well as its social component, with particular emphasis on disposition, action, and pseudocode. Computational parables are then presented, including a parable relating to the slaughter of innocents through dispositional contagion. This part also shows how the model can capture three spatially explicit examples in which affect and probability change on different time scales.


2021 ◽  
Vol 98 ◽  
pp. 105254 ◽  
Author(s):  
Christian Urom ◽  
Hela Mzoughi ◽  
Ilyes Abid ◽  
Mariem Brahim

2005 ◽  
Vol 56 (4) ◽  
pp. 1049-1061 ◽  
Author(s):  
Richard A. Stein ◽  
Shuang Deng ◽  
N. Patrick Higgins

2021 ◽  
Vol 125 ◽  
pp. 107582 ◽  
Author(s):  
Yibo Wang ◽  
Pan Liu ◽  
Ming Dou ◽  
He Li ◽  
Bo Ming ◽  
...  

2010 ◽  
Vol 6 (S276) ◽  
pp. 527-529
Author(s):  
Xavier Dumusque ◽  
Nuno C. Santos ◽  
Stéphane Udry ◽  
Cristophe Lovis ◽  
Xavier Bonfils

AbstractSpectrographs like HARPS can now reach a sub-ms−1 precision in radial-velocity (RV) (Pepe & Lovis 2008). At this level of accuracy, we start to be confronted with stellar noise produced by 3 different physical phenomena: oscillations, granulation phenomena (granulation, meso- and super-granulation) and activity. On solar type stars, these 3 types of perturbation can induce ms−1 RV variation, but on different time scales: 3 to 15 minutes for oscillations, 15 minutes to 1.5 days for granulation phenomena and 10 to 50 days for activity. The high precision observational strategy used on HARPS, 1 measure per night of 15 minutes, on 10 consecutive days each month, is optimized, due to a long exposure time, to average out the noise coming from oscillations (Dumusque et al. 2011a) but not to reduce the noise coming from granulation and activity (Dumusque et al. 2011a and Dumusque et al. 2011b). The smallest planets found with this strategy (Mayor et al. 2009) seems to be at the limit of the actual observational strategy and not at the limit of the instrumental precision. To be able to find Earth mass planets in the habitable zone of solar-type stars (200 days for a K0 dwarf), new observational strategies, averaging out simultaneously all type of stellar noise, are required.


2021 ◽  
Vol 13 (4) ◽  
pp. 811
Author(s):  
Hao Liu ◽  
Zexun Wei

The variability in sea surface salinity (SSS) on different time scales plays an important role in associated oceanic or climate processes. In this study, we compare the SSS on sub-annual, annual, and interannual time scales among ten datasets, including in situ-based and satellite-based SSS products over 2011–2018. Furthermore, the dominant mode on different time scales is compared using the empirical orthogonal function (EOF). Our results show that the largest spread of ten products occurs on the sub-annual time scale. High correlation coefficients (0.6~0.95) are found in the global mean annual and interannual SSSs between individual products and the ensemble mean. Furthermore, this study shows good agreement among the ten datasets in representing the dominant mode of SSS on the annual and interannual time scales. This analysis provides information on the consistency and discrepancy of datasets to guide future use, such as improvements to ocean data assimilation and the quality of satellite-based data.


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