We consider a principal-agent model to examine the conditions under which corruption
prompts investment. We also investigate three policies that can be used to combat …

Recent policy discussions have debated whether governments should adopt equal policies
towards state-owned and private enterprises. We analyze this issue in a mixed oligopoly …

This paper studies the connection between culture and consumption behavior. Linkages are
drawn from manifestations of culture, involving both political style and personal preferences …

A flexible retirement policy has often been proposed as a solution to address the social
dilemma of individuals in the population having different desired retirement ages. We …

China has experienced an incredible rate of growth in recent decades. According to the April
2015 issue of the IMF World Economic Outlook database, China's GDP based on current …

This paper analyzes how pollution control in the recipient developing country affects the flow
of multinational capital owned by multinational firms in the source developed country. We …

The intergenerational transmission of an occupation between two generations of frontline
workers in Chinese factories shows a copy–paste phenomenon, whereby a new generation …

The accumulation of human capital in modern society is universally recognized as the main
driving force of the development of modern economic systems. It is based on the emerging …

This paper studies the interaction effects between monetary policy actions and house price
changes in China. I focus on the impact of M2 money supply on house prices in Beijing, the …