This research examines the effects of Chinese Foreign Direct Investment (CFDI) on fixed broadband and mobile cellular penetration rates using panel data from the "China Global Investment Tracker," a dataset of publicly available CFDI transactions from 2005 to 2023. As CFDI grows to pre-COVID-19...

Monetary exchange is deemed essential when better incentive-compatible outcomes can be achieved with money than without it. We study essentiality both theoretically and experimentally, using finite-horizon monetary models that are naturally suited to the lab. We also follow the mechanism design...