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Manufacturers pursuing profit maximization must decide whether and when to carry on the anti-pollution technology investment under the condition of tradable emissions permits and technical uncertainty, based on the real options theory we have constructed the pollution government technology investment strategy option gambling model and given the best opportunity of manufacturers to carry on pollution...
We have found in the early period of China's reform and opening up and economic transformation, corruption would promote economic growth. To a certain level of economic development, the negative effects of corruption in public investment dominate. This paper pointed out that the level of China's corruption in public investment has been close to turning point, corruption will not be conducive to economic...
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