This paper employs micro-level data to identify consumers’ loss aversion when choosing between two products that share the same price and observable product characteristics. We focus on the post-sale observations where one product experienced a sale, but the other stayed unchanged. The paper...

The low-carbon city pilot (LCCP) policy is an essential strategy for China to combat climate change, attain the carbon neutrality target, and achieve comprehensive green transformation, which will inevitably have an impact on many areas of the economic system. The digital economy has given a new...

Drawing on a random-sampling of matched employer−employee data that was collected in 2016 by the People's Republic of China Employer−Employee Survey, we first estimate returns of education for Chinese manufacturing workers. Using hourly wages as the dependent variable, we find that the...

The development of urban digital platforms has changed its entrepreneurial environment and affected regional innovation vitality. We calculated the development index of digital platforms of 294 prefecture-level cities in China between 2013 and 2020 using the principal component analysis method....

What drives the outward foreign direct investments (OFDIs) by emerging market firms (EMFs)? Drawing on a strategy tripod framework, this article proposes a theoretical model to predict OFDI by EMFs from China. Specifically, we use institution- and industry-based views to examine two facets of...

We investigated the value of local partners’ business group affiliations in international joint ventures (IJVs) by integrating economic and political perspectives on business groups with insights from the IJV literature. In 563 Sino-Japanese IJVs in China, we found that a local partner’s...

Retailers of iconic products commonly implement premium advance selling, which typically triggers regret in consumers. A premium advance selling strategy is centered around differences in pricing and capacity rationing between two selling periods. We develop a decision-theoretic model to capture...