Faculty Members
Dr. Kang Hua CAO
Lecturer I
Course Co-ordinator, MCCS Econ Concentration (AEF and FASS)
Economics Discipline
Department of Accountancy, Economics and Finance
 | kanghuacao@hkbu.edu.hk |
 | 3411 5681 |
 | WLB 621 |
 | https://orcid.org/0000-0001-6171-1795 |
 | Kang Hua CAO public CV |
 | View Scopus Profile |
Development, Energy market, carbon-free economy
Core Economics Fields:
- Money and Banking
- Industrial Organization
- Environmental Cost and Benefit Analysis
Quantitative Methods:
- Statistics
- Machine Learning
General Education:
- Technology and Society
Ph.D. in Economics, University of California, Santa Barbara, 2009
M.A. in Economics, University of California, Santa Barbara, 2003
B.A. in Economics, University of California, Irvine, 2002
What moves the profitability of battery energy storage in the Pennsylvania-New Jersey-Maryland interconnection of the United States?Woo, C. K.,Cao, K. H., Qi, H. S.,Cheng, Y. S., Milstein, I., Tishler, A., Zarnikau, J. & Chen, Y.,10 Jul 2026,In:Journal of Energy Storage.165,17 p., 122256. |
A Pareto Superior Incentive Scheme for Residential Electricity Conservation: A Case Study of Shenzhen City in ChinaCao, K. H.,Cheng, Y.-S., Qi, H. & Woo, C.-K.,Jan 2026,In:Energy Research Letters.7,5 p. |
International evidence on household affordability of deep decarbonizationCao, K. H.,Cheng, Y.-S., Qi, H. & Woo, C.-K.,24 Sept 2025, (E-pub ahead of print)In:Applied Economics Letters.5 p. |
International evidence on the industrial affordability of deep decarbonizationCao, K. H.,Cheng, Y. S., Qi, H. S. & Woo, C.-K.,Sept 2025,In:Journal of Energy Markets.17,3,p. 21-3818 p. |
A Pareto superior incentive scheme for residential electricity conservationWoo, C.-K.,Cao, K. H.,Cheng, Y. S.& Qi, H. S.,Jul 2025,In:Energy Policy.202,7 p., 114588. |
Price Impacts of Energy Transition on the Interconnected Wholesale Electricity Markets in the Northeast United StatesZarnikau, J. W., Woo, C. K.,Cao, K. H.& Qi, H. S.,1 Aug 2025,In:Energies.18,15,18 p., 4019. |
Industrial Affordability of Deep Decarbonisation in AustraliaLi, R., Woo, C. K.,Cao, K. H.& Qi, H. S.,Dec 2025,In:Economic Papers.44,4,p. 408-4169 p. |
Estimating residential outage costs under inclining block electricity rates in ChinaCao, K. H.,Cheng, Y. S., Qi, H. S. & Woo, C. K.,14 Nov 2025,In:Academia Green Energy.2,4,9 p. |
Prudent Electricity Procurement by a Load Serving EntityCao, K. H., Qi, H. S., Woo, C. K., Zarnikau, J. W. & Li, R.,5 Feb 2025,In:Energies.18,3,16 p., 726. |
An empirical note on university rankingsCao, K. H., Woo, C.-K. & Shi, Y.,Jan 2025,In:Applied Economics Letters.32,1,p. 1-44 p. |
How much does the number of top 2% researchers move the global rankings of the world's top 100 universities?Qi, H.,Cao, K. H., Woo, C. K. & Cai, H.,19 Jan 2025, (E-pub ahead of print)In:Applied Economics Letters.4 p. |
Efficient Frontiers for Short-term Sales of Spot and Forward Wind Energy in TexasCao, K. H., Qi, H., Woo, C.-K., Zarnikau, J. & Li, R.,Nov 2024,In:Energy Journal.45,6,p. 37-6024 p. |
Price responsiveness of solar and wind capacity demandsWoo, C. K.,Cao, K. H., Qi, H. S., Zarnikau, J. & Li, R.,10 Jul 2024,In:Journal of Cleaner Production.462,15 p., 142705. |
Market-based Estimation of Average Electricity Outage Costs in the United StatesWoo, C. K., Tishler, A.,Cao, K. H., Qi, H., Li, R. & Zarnikau, J.,10 May 2024,In:Energy Research Letters.5,2,p. 1-55 p. |
Revenue analysis of spot and forward solar energy sales in TexasQi, H. S.,Cao, K. H., Woo, C. K., Li, R. & Zarnikau, J.,1 Mar 2024,In:Journal of Energy Markets.17,1,p. 1-3939 p. |
Does Vertical Integration Always Reduce an Electricity Retailer's Fixed Price Offer?Woo, C.-K.,Cao, K. H., Li, R. & Qi, H.,31 Aug 2024,In:Energy Research Letters.5,3,p. 1-44 p. |
Has retail competition reduced residential electricity prices in Texas?Zarnikau, J.,Cao, K. H., Qi, H. S. & Woo, C. K.,Oct 2023,In:Utilities Policy.84, 101657. |
Regional revenues of solar and wind generation in TexasWoo, C. K., Zarnikau, J., Tsai, C. H.,Cao, K. H., Qi, H. S. & Li, R.,Jul 2023,In:Energy Policy.178,18 p., 113586. |
An experiment in own-price elasticity estimation for non-residential electricity demand in the U.S.Cao, K. H., Qi, H. S., Li, R., Woo, C. K., Tishler, A. & Zarnikau, J.,Apr 2023,In:Utilities Policy.81,14 p., 101489. |
Incremental wind energy development in the Midcontinent Independent System Operator electricity markets of the United StatesQi, H. S.,Cao, K. H., Woo, C. K. & Li, R.,Jun 2023,In:Journal of Energy Markets.16,2,p. 29-5325 p. |
Insuring a Small Retail Electric Provider's Procurement Cost Risk in TexasWoo, C. K., Zarnikau, J., Tishler, A. &Cao, K. H.,Jan 2023,In:Energies.16,1, 393. |
Options for change: Restructuring California's residential inclining rates for a better electricity futureWoo, C. K., Tishler, A. &Cao, K. H.,Jan 2023,In:Electricity Journal.36,1,6 p., 107234. |
Energy trading efficiency in ERCOT's day-ahead and real-time electricity marketsCao, K. H., Qi, H., Tsai, C.-H., Woo, C. K. & Zarnikau, J.,Sept 2022,In:Journal of Energy Markets.15,3,p. 59-8123 p. |
Performance-based regulation of train service delays: Hong KongWoo, C. K.,Cao, K. H., Yip, T. L., Chow, S. Y., Chu, C. L., Zarnikau, J. & Mow, C.,11 Nov 2022,In:Applied Economics Letters.29,19,p. 1847-18548 p. |
Insuring the penalty risk of non-delivery in the United Kingdom's capacity marketWoo, C. K.,Cao, K. H.& Tishler, A.,Aug 2022,In:Electricity Journal.35,7, 107157. |
How may a generator manage the risk of PJM's incentive scheme for capacity delivery?Woo, C. K.,Cao, K. H.& Tishler, A.,May 2022,In:Electricity Journal.35,4, 107105. |
Covid-19's effect on the alpha and beta of a US stock Exchange Traded FundCao, K. H., Woo, C. K., Li, Y. & Liu, Y.,19 Jan 2022,In:Applied Economics Letters.29,2,p. 123-1286 p. |
What moves Hong Kong's train ridership?Woo, C. K.,Cao, K. H., Zarnikau, J., Yip, T. L. & Chow, A.,Dec 2021,In:Research in Transportation Economics.90, 101133. |
A Latent-Factor System Model for Real-Time Electricity Prices in TexasCao, K. H., Damien, P. & Zarnikau, J.,1 Aug 2021,In:Applied Sciences (Switzerland).11,15,15 p., 7039. |
Energy trading efficiency in the US Midcontinent electricity marketsCao, K. H., Qi, H. S., Tsai, C. H., Woo, C. K. & Zarnikau, J.,15 Nov 2021,In:Applied Energy.302, 117505. |
A Bayes Decision Rule to Assist Policymakers during a PandemicCao, K. H., Damien, P., Woo, C. K. & Zarnikau, J.,9 Aug 2021,In:Healthcare (Switzerland).9,8,20 p., 1023. |
Covid-19's adverse effects on a stock market indexCao, K. H., Li, Q., Liu, Y. & Woo, C.-K.,16 Aug 2021,In:Applied Economics Letters.28,14,p. 1157-11615 p. |
Willingness to pay for a message: personalized licence plate auctions in Hong KongCao, K. H., Woo, C. K., Zhang, L. & Zhang, Y.,6 Feb 2021,In:Applied Economics Letters.28,3,p. 237-2404 p. |
Can Hong Kong price-manage its public transportation's ridership?Woo, C. K., Liu, Y.,Cao, K. H.& Zarnikau, J.,Dec 2020,In:Case Studies on Transport Policy.8,4,p. 1191-120010 p. |
Unintended biases of an electricity demand forecast based on a double-log regressionWoo, C. K., Zarnikau, J. &Cao, K. H.,Dec 2020,In:Electricity Journal.33,10, 106866. |
Estimated Benefits of Incremental Suppression of Covid-19 SpreadWoo, C. K.,Cao, K. H., Liu, Y. L. &Li, Q.,21 Aug 2020,In:OALib.7,8,13 p., e6645. |
Machine Learning, Discrete Games, and Predictive Models of Entry in the Airline IndustryCao, K. H., Kang, L., Liu, C.-M. & Vaze, V.,Nov 2018. |
Econometric Analysis of Monthly Peak-Hour and Total Usage Patterns of Hong Kong's Cross-Harbor TunnelsWoo, C.-K.,Cao, K. H.,Cheng, Y. S., Shiu, A. & Li, R.,1 Dec 2018,In:Transportation Research Record.2672,5,p. 1-1111 p. |
The Nonlinear Effects of Market Structure on Service Quality: Evidence from the U.S. Airline IndustryCao, K. H., Krier, B., Liu, C. M., McNamara, B. & Sharpe, J.,1 Aug 2017,In:Review of Industrial Organization.51,1,p. 43-7331 p. |
Residential willingness to pay for deep decarbonization of electricity supply: Contingent valuation evidence from Hong KongCheng, Y. S.,Cao, K. H., Woo, C. K. & Yatchew, A.,Oct 2017,In:Energy Policy.109,p. 218-22710 p. |
Price-management of traffic congestion: Hong Kong's Lion Rock TunnelCao, K. H.,Cheng, Y. S.& Woo, C. K.,Dec 2017,In:Case Studies on Transport Policy.5,4,p. 699-7068 p. |
Agricultural productivity, structural change, and economic growth in post-reform ChinaCao, K. H.& Birchenall, J. A.,Sept 2013,In:Journal of Development Economics.104,p. 165-18016 p. |