Since the 1980s, China has been undertaking a transition from a centrally planned economy to a market economy through decentralisation, giving local states more decision-making power and providing incentives to apply entrepreneurial policies. This policy has been successful in terms of economic...

We study firm heterogeneity in economic development in an overlapping-generations general equilibrium model in which manufacturing firms engage in oligopolistic competition. Individuals differ in their productivities in the manufacturing sector and choose to become entrepreneurs or workers. The...

Preference heterogeneity in food demand has important health and equity implications for targeted taxes and subsidies intended to enhance diet quality and reduce obesity. We study the role of obesity in the purchases of food at home and food away from home using data from the nationally...