Exploiting the exogenous shock of change of marriage law, this paper estimates a quasi-natural experimental effect of age at marriage on marital stability for the first time. A new Marriage Law came into force in Jan. 1, 1981 in China, with new requirement on age at marriage. Using a regression...

English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

In this paper, infinitely repeated prisoner's dilemma game as a benchmark being used to build a new model as the payoff matrix of an evolutionary game dynamics, with the comparative study of game performances between the behavior- pattern “tit for tat” and the behavior-pattern “always...

In this paper, in order to study the strategic interactions between “cooperation”, “defection” and “altruistic punishment”, a mutation-selection dynamics, with the Prisoner's Dilemma as the background, has been established on an embedded Markov chain, proved the following...

In this paper, in order to study the strategic interactions between “cooperation”, “defection” and “altruistic punishment”, a mutation-selection dynamic, with the Prisoner's Dilemma as the background, has been established on an embedded Markov chain, proved the following conclusions:...

Chinese Abstract:...

This paper resolves the impacts of the deregulation of the household registration on the economic condition and the educational investment decision of the family into two parts: one part improves family members to adjust the allocation of time, thus increasing the family income; and the other...

Chinese Abstract:...