Models are the medium by which we reflect and express our understanding of some aspect of reality, a particular unknown of interest. As it is virtually impossible to grasp any situation in its entire complexity, models are representations of reality that are always partial resulting in a state...

The authors believe that the wage system and the price structure are the two most critical variables that will influence the future development and success or failure of China's economic modernization. They explore current wages among urban workers and the determinants of the bonus system in...

The consumption structure in China has undergone a dramatic change since the economic reform started in 1979. Durable goods ownership, an important aspect of overall consumption, has experienced an even greater change both in variety and quantity. The article, using data from a 1984 household...