Using a sample of a field survey of 24 villages in southern China, we study the effects of credit restrictions under the Forest Right Mortgages System (FRMS) in 2008 and how social capital can help alleviate farmers' credit constraints. We find that credit restrictions limit farmers’ credit...

Many studies find that public law enforcers have self-interested reasons to maximize financial recoveries. We analyze a principal-agent model where a social-welfare-maximizing government needs to motivate self-interested law enforcers to exert enforcement effort to detect offending firms,...

The existing research on the “strong” Porter Hypothesis has largely ignored the impact of the institutional environment. In this paper, we take the high-intensity anti-corruption campaign in China as a policy shock to explore the internal mechanism of anti-corruption as a moderator for the...

Rapid and efficient clean-up of viscous crude oil spills is still a global challenge due to its high viscous and poor flowability at room temperature. The hydrophobic/oleophilic absorbents with three-dimensional porous structure have been considered as a promising candidate to handle oil spills....