A positive correlation between insurance coverage and ex post risk can be an indicator for private information in insurance markets. However, this test fails if agents have heterogeneous risk attitudes. We propose a new test that conditions on unobserved types of individuals who differ in their...

At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a natural experiment, this study identify variations in patient cost sharing...

At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a natural experiment, this study identify variations in patient cost sharing...

The effects of different anti-reflective structures on the photovoltaic performance of the silicon solar cell were studied using finite-element modelling and numerical simulations for which experiment alone does not provide a full description. The front surface reflectivity may be mitigated...

We investigate ownership effects on capital adjustment in China from 2000 - 2012 and find that state-owned banks hold higher capital than other ownership types. Foreign banks are more highly capitalized than local non-state banks but under-capitalized compared with bigger non-state banks with a...

They do so as a strategy for assets expansion. We find that, relative to the control group, U.S. SEO banks increased not only in their capital ratios but also deposits and assets in the years post-SEO. The newly raised funds are invested mainly in retail loans. The overall risk is increased and...