Christopher Alexander argued that modernist approach to architecture prioritizes innovation, abstraction, and mechanistic efficiency at the expense of human-centered and organic values. According to Christopher Alexander, this shift has led to a proliferation of buildings that are visually...

The properties of the two stage least squares (TSLS) and limited information maximum likelihood (LIML) estimators in panel data models where the observables are affected by common shocks, modelled through unobservable factors, are studied for the case where the time series dimension is fixed. We...

This paper introduces a novel approach to study the effects of common shocks on panel data models with endogenous explanatory variables when the cross section dimension (N) is large and the time series dimension (T) is fixed: this relies on conditional strong laws of large numbers and...

In the current literature of differential games, most studies formulate optimal strategies in feedback (Markovian) equilibriums and ignore repeated interactions among players. In many real-world settings, however, the competitors’ action history may have impacts on a firm’s decisions. This...

Despite suggestions that business school professors do not understand what actually accounts for the performance of business organizations, the evidence is anecdotal at best. We review past work, develop expectations, and provide large-scale evidence for examining the validity of such...

This study empirically examined the positive impact of government audit supervision on promoting fiscal sustainability using Chinese provincial panel data from 2011 to 2019. The results demonstrate that government audits can significantly enhance fiscal sustainability.In addition, this study...