A Fortune from Misfortune: Evidence from Hog Firms’ Stock Price Responses to China’s African Swine Fever

China is the world’s largest pork producer and a leading pork importer. Since Au- gust 2018, ongoing outbreaks of African Swine Fever (ASF), a highly contagious and deadly disease affecting pigs, have hit China’s livestock industries and wiped out 40% of China’s pigs. We leverage data on daily stock returns from 25 major publicly listed firms from China and eight major pork-exporting countries to provide the first systematic analysis of the firm-level economic impacts of the outbreaks. We find that on average announcements of ASF outbreaks have led to positive and significant stock returns for both Chinese and international hog companies. Notably, Chinese hog companies on average enjoyed 10%–40% of cumulative abnormal returns during the 2019 Chinese Spring Festival, a peak demand season for pork. We show that larger hog firms tend to capture greater positive stock returns. Our results suggest opportunities for consolidation, expansion, and upgrades of China’s meat industry that have long-run implications for its global competitiveness and efficiency

Cutting the costs of cleanup : the case for tradable discharge permits in the Upper Manpan River, China

Full text version of this study is available as an EEPSEA research report: Tradable discharge permits system for water pollution of the Upper Nanpan River, Chin

Systematic Theoretical Analysis of Dual-Parameters R

This paper systematically studied the simultaneous measurement of two parameters by a LC-type passive sensor from the theoretical perspective. Based on the lumped circuit model of the typical LC-type passive dual-parameter sensor system, the influencing factors of the signal strength of the sensor as well as the influencing factors of signal crosstalk were both analyzed. It is found that the influencing factors of the RF readout signal strength of the sensor are mainly quality factors (Q factors) of the LC tanks, coupling coefficients, and the resonant frequency interval of the two LC tanks. And the influencing factors of the signal crosstalk are mainly coupling coefficient between the sensor inductance coils and the resonant frequency interval of the two LC tanks. The specific influence behavior of corresponding influencing factors on the signal strength and crosstalk is illustrated by a series of curves from numerical results simulated by using MATLAB software. Additionally, a decoupling scheme for solving the crosstalk problem algorithmically was proposed and a corresponding function was derived out. Overall, the theoretical analysis conducted in this work can provide design guidelines for making the dual-parameter LC-type passive sensor useful in practical applications

A Novel Interdigital Capacitor Pressure Sensor Based on LTCC Technology

A novel passive wireless pressure sensor is proposed based on LTCC (low temperature cofired ceramic) technology. The sensor employs a passive LC circuit, which is composed of a variable interdigital capacitor and a constant inductor. The inductor and capacitor were fabricated by screen-printing. Pressure measurement is tested using a wireless mutual inductance coupling method. The experimental sensitivity of the sensor is about 273.95 kHz/bar below 2 bar. Experimental results show that the sensor can be read out wirelessly by external antenna at 600°C. The max readout distance is 3 cm at room temperature. The sensors described can be applied for monitoring of gas pressure in harsh environments, such as environment with high temperature and chemical corrosion