This study attempts to address the question under what conditions political ties buffer firms from, or bind firms to, political pressure. We draw attention to the institutional divide between the executive and legislative branches of a presidential democracy. Using the case of Taiwan, a “third...

Although a large literature has studied discrimination in the labor market, there is little evidence on sex- and race-based discrimination of employees against (potential) employers. We implement a randomized experiment in an online labor market to contribute to this gap in the literature. In...

China is experiencing an organ shortage crisis, and family opposition is one of the major factors that affect people’s willingness to donate in China. We experimentally test the effectiveness of the family-priority allocation rule on organ donation and argue that such incentive would be highly...

Currency-specific pricing factors are pervasive in the international finance literature. However, portfolio and risk managements based on currency factors, instead of individual currencies, are rarely discussed. This paper fills this gap by modelling dynamic correlations and non-normality among...

This research utilizes a laboratory experiment to evaluate the effectiveness of alternative public policies targeted at increasing the rate of deceased donor organ donation. The experiment includes treatments across different default choices and organ allocation rules inspired by the donor...

It has been reported that betrayal aversion in influences the trust decision (Bohnet and Zeckhauser 2004; Bohnet et al. 2008). This paper adds to the literature by examining how concern for others' disutility from betrayal can affect the decision to repay trust. We compare trustees' behavior when...