3 papers
econ.GN2026
Do Carbon Price Forecasts Improve Compliance Procurement? Evidence from European Union Allowances
Muzi Chen, Difang Huang, Shouyang Wang +1
Firms covered by emissions trading systems need forecasts not only to value allowances, but also to decide when to buy them. This paper asks whether European Union Allowance (EUA)…
econ.GN2026
When and Why Naïve Diversification Works: A Simple Diagnostic Strategy
Han Feng, Difang Huang, Jue Wang +1
We explain the long-standing puzzle of naïve diversification with a simple, testable condition: equal weighting is minimum-variance optimal when the forecast-error covariance matri…
econ.EM2024
Estimating the Impact of Social Distance Policy in Mitigating COVID-19 Spread with Factor-Based Imputation Approach
Difang Huang, Ying Liang, Boyao Wu +1
We identify the effectiveness of social distancing policies in reducing the transmission of the COVID-19 spread. We build a model that measures the relative frequency and geographi…