This essay develops a rational choice model of democratic transitions. The model is pivoted upon wealth redistribution policies preferred by the government and the citizen. The four theoretical propositions derived of the model indicate that the transition to democracy depends on the level of...

This paper investigates and identifies the probable supply chain related risks in Ghana agricultural supply chain and further seeks the severity of these risks based on engineering judgments and historical records. In addition, this paper probes into participants¡¯ ability level to...

We investigate the effect of CEO equity incentives on corporate spin-off decisions and find that CEOs with stronger equity incentives are, ceteris paribus, more likely to engage in corporate spin-offs (after correcting for potential endogeneity concerns). In addition to confirming previous...

We consider an outsourcing logistics channel where a distributor procures a quantity of a fresh product and outsources his logistics operations to a third party logistics service provider (TPLSP), whose logistics service quality and price affect the product sellable quantity and quality on the...

This essay uses a political economy model to study the relationship between urbanisation and demographic change in China. The model identifies political stability and government capacity as two crucial factors that shape family decisions regarding the number of children. As population growth and...

A formal dynamic theory of the transition from a developing autocracy to democracy is presented in the context of a heterogeneous agent general equilibrium growth model. The theory shows that the primary determinants affecting the timing of democratic transitions are per capita income, the...

This paper investigates the current control for a grid-connected direct-drive wind energy conversion system (DDWECS) with a permanent magnet synchronous generator (PMSG), which utilizes a back-to-back pulse width modulation (PWM) converter. For the machine-side, the controller adopts a current...

This paper investigates a purchasing contract with options under capital constraint and credit support from a financial institution. The buyer, who has limited capital, can buy commodity options and a fixed order, and choose to exercise all or part of the options at a later time. We characterize...