Search

Global climate change has caused governments worldwide to take actions to improve their energy efficiency. This paper investigates how China's Top-1000 program, a command-and-control type of energy-saving mandate, has affected the operational choices of firms, and in turn, their profitability. We apply the propensity score matching method to find "identical twins" for the participants in the Top- 1000 program, then conduct a difference-in-differences analysis on the matched sample. Our findings suggest that the profitability of the enterprises targeted for energy savings decreased by one-third, mainly due to increased production costs. The targeted enterprises tended to increase their fixed assets per capita, which was associated with improvements in energy efficiency. Furthermore, compared to similar untargeted enterprises, there was a significant slowdown in the production growths of the targeted enterprises, raising concerns about carbon leakage due to increased production by less efficient producers. [ABSTRACT FROM AUTHOR]

This paper is concerned with the weighted observation fusion Kalman filtering problem for a class of multi-sensor fusion systems with random measurement delays and energy constraints. To reduce the energy consumptions, each sensor intermittently sends information to the fusion center in a random way. By using the full rank decomposition approach, the observation fusion equation is derived. Without resorting to the augmentation technique, optimal weighted observation fusion Kalman filter (WOFKF) is given, and it is proved that the performance of the WOFKF is equivalent to that of the centralized fusion Kalman filter. Simulations show the effectiveness of the proposed fusion methods. [ABSTRACT FROM AUTHOR]